Finance for Non-Financials I.
Course Objectives:
This program will provide basic finance and accounting tools to enable company managers to understand the financial side of the company business and to use financial tools in making decisions that create value for the company.
Topics Covered:
Overview of Program
• A brief introduction to the key managerial issues in finance and accounting
• The focus of management decisions – creating shareholder wealth
Financial Statements - Overview
• Understanding P&L, balance sheet, statement of cash flow
• Basics of ratio analysis and interpreting financial statement information
Cost Structure & Cost Analysis
• Contribution margin analysis and short-run decisions
Assessing Financial Performance – Company Annual Report
• Using financial ratios to assess financial performance and risk - profitability, liquidity
and financial risk
Product Costs - Activity-based Costing
• Using traditional and activity-based costing to understand product costs
Future Cash Flows & Capital Budgeting Decisions
• How to evaluate investment decisions using NPV, IRR and payback
Customer Profitability Analysis
• Understanding the determinants of high vs. low cost-to-serve customers
• Using cost information to assess the profitability of products and customers
You´ll learn to:
Understand the key financial concepts that drive your business.
Target Group:
mid-upper level managers with business unit responsibility who must now think about how the business unit will acquire and deploy limited resources to create value for key stakeholders and must monitor, evaluate and reward performance towards the unit's strategic goals
Duration: 3 days
Faculty: professor from prestigeous US EMBA program
