Essentials of Finance & Accounting for Non-Financial Managers
with Lee Warren, Ph.D.
How will this information help you in your job?
I. Learning the Language
• Key finance terms—assets, liabilities, capitalization, and more
• The general ledger system—how debits and credits work
II. The Rules—Generally Accepted Accounting Principles
• Accounting assumptions and conventions
• Cash-basis versus accrual-basis accounting
• Who sets the rules?
III. The Financial Statements
• Using the balance sheet to evaluate a firm’s financial position
• Using the income statement to evaluate a firm’s performance
• Using the statement of cash flows to evaluate a firm’s cash position
• Understanding how you can use financial statement information in your job
IV. Current Issues in Earnings Management
• Revenue recognition
• Capitalizing versus expensing costs
• Extraordinary items
V. Financial Statement Analysis
• Vertical and horizontal analysis
• Common ratios
• Notes to the financial statements
• Mechanics of the budget
• The budgeting process
• Behavioral implications of budgets
• Short- and long-term planning
• Flexible budgeting and performance evaluation
As part of your registration confirmation package, you will receive a list of financial and accounting terms that will give you a head start in understanding the language of finance. You will leave the program with not only enhanced financial knowledge but also with practical tools and tips on how to use this information on your job.
Obtain the management skills that will help you think more strategically and lead more effectively.