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Finance Skills for Nonfinancial Managers

As a manager, you need to make decisions that affect the bottom line. Understand the accounting process and enhance your ability to forecast financial performance. Learn how to spot trends and study your competition with a keener eye. Become more effective in your organization by participating at a higher level in strategic planning and decision making.

This course can be applied to the following certificates:
Emerging Leaders Certificate
Project Management Certificate

Benefits and Learning Outcomes

  • Read and analyze financial statements
  • Present your ideas using sound financial principles
  • Make intelligent financial decisions and understand the financial impact of your ideas
  • Focus on the numbers that matter most

Course Outline/Topics

DAY 1
I. Financial Building Blocks
A) Building Blocks
B) Exercises
C) What Is Finance?
D) Business Events – Small Group Exercise
E) Operating Expense Budget
F) Capital Budgeting
G) Payback
H) Return on Investment
I) Net Present Value
J) Financial Analysis and Ratios
K) Project Investment Model

II. Recording Financial Transactions
A) Case Exercise
B) Additional Exercises
C) Present Value of a Dollar

III. Financial Value Drivers
A) Maximizing Revenues
B) Minimizing Expenses
C) Minimizing Working Capital
D) Minimizing Fixed Assets
E) Minimizing Taxes

III. Recording Financial Transactions
A) Case Exercise
B) Additional Exercises
C) Present Value of Money

IV. Building and Understanding Financial Statements
A) The Creation of Financial Statements
B) The Accounting Equation
C) How Transactions Impact the Balance Sheet
D) The Accounting Cycle
E) Explanation of Entries

V.  Financial Planning and Budgeting
A) Developing Sales Targets
B) Controllable and Uncontrollable Costs
C) Expense Budgeting
D) Budgeting of Operating and Other Expenses
E) Determining Needed Profit Margins
F) Cash Projections
G) Planning Horizons
H) Using Historic Information As a Basis for Your Financial Plan

DAY 2
VI. Making Business Investment Decisions—Capital Budgeting
A) The Importance of Cash Flows
B) Measuring Cash Outflows and Inflows
C) The Replacement Decision
D) Financing Costs
E)  The Net Present Value Model
F) The Internal Rate of Return Technique
G) Project Life Considerations
H) Specials Problems

VII. Analyzing and Interpreting Financial Information
A) Objectives of Analyzing and Interpreting Financial Statements
B) Types of Financial Statements
C) Reporting the Cost of Goods Sold/Manufactured
D) Relationships in the Income Statement
E) The Bottom Line and Its Relationship to the Balance Sheet
F) The Cause and Effect System of Financial Analysis
G) Sources of Data for Comparison
H) Summary, Limitations, and Conclusions

VIII. Ratio Analysis in Decision Making
A) Liquidity Ratios
B) Activity Ratios
C) Capitalization Ratios
D) Profitability Ratios
E) Market Test Ratios
F) Dividend Payout Ratio
G) Internet Examples

IX. Other Financial Management Tools to Support the Financial Plan
Review of Students Questions / Concluding Remarks

X.  Supporting Documents and Topics
A) Accounting-The Language of Business
B) Workshop Objectives, Highlights and Outline
C) Financial Management—A Programmed Workbook
D) The Economy
E) External Reference – Resource Tool
F) Financial Statements as a Management Tool (Article)
G) Cash Flow Management
H) Inventory Control

Notes

Program fee includes morning and afternoon refreshments, networking breaks, lunches and instructional material.

Kathy is fantastic. This is the best class I have taken.

— Reggie Newson, Director, Wisconsin Dept. of Transportation

“Great material, great instruction. I loved the pace and involvement of the participants.”

— Andre Harrison, Mgr. Industrial Relations, Deere & Company

Wed.-Thu., Nov. 11-12

8:30am-4pm

Location: UWM School of Continuing Education

Instructor: Kathleen Villars MBA

Fee:

$845 if you register by Wed., Oct. 28.
$895 if you register after Wed., Oct. 28.

Discounts Available

Discount CodeDescription
Group

Register two or more people and receive $50 off of the current price per registration. Use discount code GROUP.

Early registration discounts will subtract automatically from the fee if the registration is submitted prior to the deadline. All other discounts require the code in the left column to be entered on the registration form. Only one discount code can be entered on a registration form.

Close

Discount Available

Enrollment Limit: 30

Program Number: 5050-8164

Registration Deadline: Wed., Nov. 11

Register Now

Wed.-Thu., Apr. 6-7, 2016

8:30am-4pm

Location: UWM School of Continuing Education

Instructor: Kathleen Villars MBA

Fee:

$845 if you register by Wed., Mar. 23, 2016.
$895 if you register after Wed., Mar. 23, 2016.

Discounts Available

Discount CodeDescription
Early Registration Discount Register by Wed., Mar. 23, 2016 and receive $50 off.
Group

Register two or more people and receive $50 off of the current price per registration. Use discount code GROUP.

Early registration discounts will subtract automatically from the fee if the registration is submitted prior to the deadline. All other discounts require the code in the left column to be entered on the registration form. Only one discount code can be entered on a registration form.

Close

Discounts Available

Enrollment Limit: 30

Program Number: 5050-8690

Registration Deadline: Wed., Apr. 6, 2016

Register Now

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