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 Managerial AManagerial Accounting for Non-Financial Professionals: Information for Planning, Decision Making and Control (M1087) QR Code

Managerial AManagerial Accounting for Non-Financial Professionals: Information for Planning, Decision Making and Control

Overview:

Program Objectives:

By the end of the program, participants will be able to:

  • Explain the functions of financial management.
  • Define the four key financial statements: balance sheet, income, cash flow and changes in owners equity.
  • Interpret the financial health of a company or profit center.
  • Master capital budgeting and cost-volume-profit analysis.
  • Use financial information to manage the business or their departments.

This Program is designed for:

Managers, supervisors and staff from any function including finance who need to improve understanding and use of financial information. This program is worth 25 NASBA CPEs.

Program Outline:

Introduction:

  • The Goals and Functions of Financial Management.
  • The Three Most Important Questions Answered by Finance.

The Key Financial Statements:

  • Income Statement.
  • Changes in Owner Equity.
  • Balance Sheet.
  • Cash Flow.

Analysis of Financial Statements:

  • Judging the Health of the Business.
  • Income Statement Ratios.
  • Balance Sheet Ratios.
  • How to Read Company Annual Reports.

Cost Concepts and Decision-Making:

  • Cost-Volume-Profit Analysis.
  • Breakeven Analysis.
  • Economic Costs versus Accounting Costs.
  • Marginal Analysis.
  • Cost-Based Pricing.

Capital Projects:

  • The Time Value of Money.
  • Cost of Capital.
  • The Capital Budgeting Decision.
  • Methods in Evaluating Capital Projects.
  • Sensitivity and Risk Analysis.

Working Capital and the Financing Decision:

  • Current Asset Management.
  • Sources of Short-Term Financing.

Using Financial Information to Manage the Business

  • Making Business Decisions in Finance, Marketing, Production and Investment.

The Budgeting Process:

  • Guidelines and Techniques.
  • Cost Control.
   


 

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