Course  Objectives of Managerial Accounting for Non-Financial Professionals

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 owner's 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.

Who should attend

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.

Course Outlines of Managerial Accounting for Non-Financial Professionals

Day 1:

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

Day 2:

Analysis of Financial Statements

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

Day 3:

Cost Concepts and Decision-Making

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

Day 4:

Capital Projects

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

Day5:

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