{"product_id":"finance-and-accounting-training-for-nonfinancial-managers","title":"Finance and Accounting Training for Nonfinancial Managers","description":"\u003cdiv\u003e\n\u003cp\u003e\u003cstyle type=\"text\/css\"\u003e\u003c!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--\u003e\u003c\/style\u003eA manager's performance is frequently measured by how effectively they oversee departmental budgets. With this Finance for Nonfinancial Managers training course, you will apply the fundamentals of finance to improve budget management, increase potential profits, assess the financial performance of business activities, and transform accounting concepts into decision-making tools that you can successfully apply.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul\u003e\u003cli\u003eAttendees must bring a four-function calculator that performs addition, subtraction, multiplication and division functions\u003c\/li\u003e\u003c\/ul\u003e\n\u003c\/div\u003e\u003cdiv\u003e\n\u003ch3\u003eFinance and Accounting Training for Nonfinancial Managers Benefits\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003eIntegrate financial concepts and policies into the management decision and budgeting process\u003c\/li\u003e\n\u003cli\u003eEvaluate the financial viability of projects\u003c\/li\u003e\n\u003cli\u003eEmploy cash flow to analyze business status\u003c\/li\u003e\n\u003cli\u003eCalculate the cost of business activities\u003c\/li\u003e\n\u003cli\u003eControl business operations through effective budget management\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\u003cdiv\u003e\u003ch3\u003eFinance for Nonfinancial Managers Course Outline\u003c\/h3\u003e\u003c\/div\u003e\u003cdiv\u003e\n\u003ch4\u003eWhy Finance Matters\u003c\/h4\u003e\n\u003cul\u003e\n\u003cli\u003eDemystifying financial jargon\u003c\/li\u003e\n\u003cli\u003eGenerally Accepted Accounting Principles (GAAP)\u003c\/li\u003e\n\u003cli\u003ePublic vs. private financial methodologies\u003c\/li\u003e\n\u003cli\u003eAccountability and responsibility\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\u003cdiv\u003e\n\u003ch4\u003eThe Key Building Blocks of Financial Control\u003c\/h4\u003e\n\u003cp\u003e\u003cstrong\u003eDecoding the income statement\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eDifferentiating income, operating and capital expense items\u003c\/li\u003e\n\u003cli\u003ePutting the pieces together to measure profit and business success\u003c\/li\u003e\n\u003cli\u003eWhen a sale becomes a sale: sales recognition\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eAnalyzing the balance sheet\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eEvaluating the worth of an established business\u003c\/li\u003e\n\u003cli\u003eDistinguishing between fixed and current assets and liabilities\u003c\/li\u003e\n\u003cli\u003eDefining depreciation and amortization\u003c\/li\u003e\n\u003cli\u003eLinking the income statement to the balance sheet\u003c\/li\u003e\n\u003cli\u003eShareholder equity\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\u003cdiv\u003e\n\u003ch4\u003eCash Flow: The Lifeblood of Organizations\u003c\/h4\u003e\n\u003cp\u003e\u003cstrong\u003eMaking the key connection between business activity and cash flow\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eDifferentiating between cash flow, profit and net worth\u003c\/li\u003e\n\u003cli\u003eConnecting cash management to line management\u003c\/li\u003e\n\u003cli\u003eCredit and cash flow\u003c\/li\u003e\n\u003cli\u003eHow much cash is enough?\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eThe importance of depreciation and amortization\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eHow depreciation impacts your budget over time\u003c\/li\u003e\n\u003cli\u003eMethods for calculating depreciation\u003c\/li\u003e\n\u003cli\u003eAdvantages and disadvantages of various key methods\u003c\/li\u003e\n\u003cli\u003eImpacting the management budget\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\u003cdiv\u003e\n\u003ch4\u003eManaging a Profit or Cost Center\u003c\/h4\u003e\n\u003cp\u003e\u003cstrong\u003eSelecting the best costing method for your situation\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eAbsorption, marginal, activity-based costing\u003c\/li\u003e\n\u003cli\u003eDetermining costs in service businesses\u003c\/li\u003e\n\u003cli\u003eAvoiding costing traps\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eThe unique features of project costing\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eEstimating project duration and future costs\u003c\/li\u003e\n\u003cli\u003eLeveraging debt to your advantage\u003c\/li\u003e\n\u003cli\u003eAnticipating problems using cost control\u003c\/li\u003e\n\u003cli\u003eMaking estimates based on incomplete information\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eChoosing projects that optimize shareholders' interests\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eMaking the financial case using ROI\u003c\/li\u003e\n\u003cli\u003eAdvantages and disadvantages of ROI, payback, discounted cash flow (DCF) and NPV techniques\u003c\/li\u003e\n\u003cli\u003eSelecting viable projects\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\u003cdiv\u003e\n\u003ch4\u003eA Manager's Guide to Budgeting\u003c\/h4\u003e\n\u003cp\u003e\u003cstrong\u003eRecognizing that budgets are more than numbers\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eBudgeting as sociology, not accounting\u003c\/li\u003e\n\u003cli\u003eThe politics of getting a budget approved\u003c\/li\u003e\n\u003cli\u003eThe relationship between a well-designed budget and how others measure your performance\u003c\/li\u003e\n\u003cli\u003eManaging effectively within budgeting constraints\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eComparing budget approaches\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eTop-down\u003c\/li\u003e\n\u003cli\u003eBottom-up\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eTypes of budgets\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eIncremental\u003c\/li\u003e\n\u003cli\u003eZero-based\u003c\/li\u003e\n\u003cli\u003eRolling\u003c\/li\u003e\n\u003cli\u003eOthers\u003c\/li\u003e\n\u003cli\u003eDeveloping the budget numbers\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eBudgeting as a planning and control tool\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eUsing the budget to control the business\u003c\/li\u003e\n\u003cli\u003eLimiting factors\u003c\/li\u003e\n\u003cli\u003eBudget process and coordination\u003c\/li\u003e\n\u003cli\u003eForecasting sales revenues and expenses\u003c\/li\u003e\n\u003cli\u003eAdjusting the budget to reality\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\u003cdiv\u003e\n\u003ch4\u003ePulling It All Together\u003c\/h4\u003e\n\u003cul\u003e\n\u003cli\u003eApplying financial tools and concepts in the real world\u003c\/li\u003e\n\u003cli\u003eEvaluating a company's health 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