Finance & Accounting for the Non-Financial Manager
Any business organization, whether for-profit, not-for-profit, or government, must account for and plan for their financial resources. Finance and accounting in a business organization is simply a scorecard—a tool for managing the organization so that it can achieve the goals set out for it. All organizations must invest in renewing current products or programs and services, and invest in developing new ones. Bills need to be paid, payroll made, and decisions made as to whether or not to invest in a new idea.
This four-hour online course is designed for the professional who needs to develop a working knowledge of finance and accounting in order to be a better manager. One cannot run any part of a business without having a working knowledge of finance and accounting. Having this knowledge enables you to do something with the reports that come out every month, to work with vendors and customers in negotiating payment terms and credit, and in planning for the future. I suspect that along the way we will dispel some notions and myths, and hopefully ingrain in you a new perspective on your day to day decisions as well as a better appreciation of what your boss is up against.
What You Will Learn
- Be more knowledgeable in the different kinds of financial statements, their uses, and the limitations of financial accounting.
- Understand cost and cost accounting.
- Have covered cash flow statements, managing accounts receivable and accounts payable, cash management, and debt.
- Be able to define what is an asset, a liability, and a capital asset.
- Master the concepts of operating budgets, capital budgets, creating budgets, pro forms and projections, payback periods, and return on investment.
- Learn how to control and monitor spending, project expenses during the year and identify problem areas.