×
  • This field is for validation purposes and should be left unchanged.

Finance for Nonfinancials – Advanced

Strengthen your business acumen and master financial tools used in business today. Leave equipped to speak the language of accounting and finance with your colleagues and evaluate alternatives that add to your company’s success.

Instructor

Kathleen Villars

Kathleen Villars

Kathleen has served as an ad junct professor at the University of Wisconsin for a number of years, and has consistently been rated as one of the top instructors providing continuing education courses. Kathleen brings to the program a valuable ... read more

Benefits and Learning Outcomes

  • Analyze Balanced Scorecard concepts
  • Navigate operating plans, budgeting process and project prioritization
  • Bridge the annual plan to the strategic plan and understand how operating budgets differ from project budgets
  • Identify sources of funding
  • Understand the roles and responsibilities of finance staff and how to work with them
  • Build a business case
  • Link your organization’s three-to-five-year strategy to operating plans and budgeting process

Course Outline/Topics

A)     Fundamental Finance and Accounting Insights

  1. Financial Building Blocks
  2. Financial Statements
  3. Depreciation
  4. Exercises
  5. Accounting System
  6. What is Finance?
  7. Value Driver Funnel
  8. Group Exercise

B)     Corporate Strategy and Balanced Scorecards

  1. Strategy Development
  2. The Balanced Scorecard
  3. Private and Public Sector
  4. Metrics and Key Performance Indicators

C)     Business Cases in Projects

  1. What is a Business Case?
  2. Examples
  3. Considerations
  4. Key Points
  5. Business Case Presentation Template
  6. Case Study

D)     The Annual Planning Horizon—Budgeting and Prioritization

  1. Components of the Annual Planning Process
  2. Operating Budgets vs. Capital Budgets
  3. Sales Budget
  4. Cost of Goods Sold Budget
  5. Preparing an Operating Budget
  6. Flexible Budgets
  7. Project Prioritization
  8. Benefits Quantification
  9. Payback Period
  10. Net Present Value
  11. Time Value of Money
  12. Preparation of a Master Budget

E)      Ratio Analysis

  1. Liquidity Ratios
  2. Activity Ratios
  3. Working Capital Turnover
  4. Capitalization Ratios
  5. Interest Coverage
  6. Debt to Total Assets
  7. Profitability Ratios
  8. Gross Profit Margin
  9. Asset Turnover
  10. Return on Assets
  11. Return on Equity
  12. Earnings Per Share
  13. Price/Earnings Ratio
  14. Dividend Yield
  15. Dividend Payout Ratio
  16. Internet Examples
  17. Ratio Exercises
  18. Key Factor Summary

F)      The Economy

  1. Economic Drivers
  2. How much is a trillion?
  3. Trillions and the National Debt?
  4. Project Investment Model
  5. Communication Plan
  6. External Reference Resource Tool

Prerequisites

A basic knowledge of financial concepts is necessary for this class. If you need to build your foundational financial knowledge, we recommend our class Finance Skills for Nonfinancial Managers.