Course ID 002A:   Essential Finance for Non-Finance Managers        March 17 -21, 2014  * Houston

Managers of all spheres, whether accountants, finance managers or not are expected to perform the core role of helping to improve bottom-line, protect and add value to shareholders investments, and manage the financial health of the organization. With the stiff competition in various industries, market volatility and global economic challenges, basic knowledge of managerial accounting and financial management is required of non-financial managers in order to be effective.

In order to carry out these functions even non-financial managers among others in management cadre are required to perform strategic management as partners with other managers and employees; performance management by having good knowledge to make informed decisions, and also conduct risk management – that is identifying, analyzing, mitigating and managing various financial risks in order to save the life of the company. This means that all managers must also understand companies operation from financial prism.

 

At the end of the course participants will:

 

  • Understand basic accounting and financial management principles/terminologies

  • Be able to understand how to report financial transactions

  • Have good knowledge of using financial and accounting information

  • Be equipped with knowledge of analyzing financial statements

  • Understand  the concepts, tools and techniques that will be their basis for making informed decisions

  • Have the ability to work effectively

 

Course Outline:

  • Introduction to financial reporting  and managerial accounting

  • Overview of generally accepted accounting principles

  • Traditional assumptions of  accounting model & Innovative model

  • Operating procedure for statements of financial accounting standards

  • Introduction to financial statements ( Balance sheet, income statement, statement of cash flow)

  • The Accounting cycle

  • Assets, Liabilities, and Stockholders Equity ( Permanent Accounts)

  • Revenues, Expenses, and Dividends ( Temporary Accounts)

  • Understanding the difference between Permanent and Temporary Accounts

  • Consolidated Statements

  • Understanding foot notes and Triple Point Profit

  • Basics of analysis – Ratio Analysis, Common-Size Analysis, Trend Analysis

  • Current Assets & Liabilities

  • Cash Flow Analysis

  • Debt – Paying Ability of Companies

  • Cash, Marketable Securities, Days’ Sales in Receivables, Accounts Receivable Turnovers , inventory cost, etc.

  • Profitability measures – Net Profit Margin, Total Asset TurnOver

  • Return on Assets – DUPONT Return on Assets,.

  • Operating Income Margin

  • Operating Asset Turnover

  • Return on Operating Assets

  • Return on Investments

  • Return on Total Equity

  • Financial Leverage – Earnings per common share, price/earning ratio, dividend payout, dividend yield, book value per share, stock options

  • Elements of cost accounting 

  • Strategic cost management

  • Capital

  • Performance Measurements

  • Risk Management

  • Ethics and Morality in accounting/financial management

  • Impact of politics on accounting standards

  • Role of regulations in the market

  • Business and economic changes impacting accounting/financial management

  •  Case Studies

  • Reviews.

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Who Should Attend

  • Non- Financial Managers  and supervisors

  • Newly hired personnel or supervisors in finance/accounting departments

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Course Duration:           5 Days

 

Course Fee:                   US$4,000 

  

REGISTER BY  JANUARY 15, 2014 AND GET  10% DISCOUNT!

School of Energy & Corporate Leadership (SECOL) is a global organization  that uses award winning experts in  providing training in the areas of energy, oil, gas, petrochemicals, regulations, law, leadership, organizational development , management, finance and economics. We believe strongly in the philosophy that humans are the greatest assets of any country or organization, and therefore should be nurtured with continuous quality training to enhance productivity, efficiency, effectiveness, reliability and competitiveness. SECOL will continue to create dynamic environment for capacity building, ensuring high performance, strategic agility, and leadership that would help organizations attain their goals and enable nations optimize socio- economic growth.