Finance Essentials for the Professional

This course provides a basic understanding of financial management. It demonstrates how to read and understand key elements of financial statements and reports. Balance sheets, income statements and cash flow statements are also reviewed, and participants learn how to apply basic finance and accounting principles to budget preparation and analysis.

13-Sep-2010 -- 14-Sep-2010New YorkUSD$2475
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Robert Jozkowski; ] Mon Tue Level: Basic

CPE CREDITS
14.0
Operations managers, project managers, program managers, department heads and anyone wishing to develop a basic understanding of finance.
No advance preparation required.
Students will be able to:
  • Explain the nature and role of financial management
  • Identify key financial statements and their interrelation
  • Discuss the content of financial statements and what the statements reveal about the company.
  • Identify the importance of accounting methods to financial analysis
  • Describe methods of forecasting, budgeting and planning
A basic understanding of business
"The instructor was able to explain the 'jargon' and its application to the real world."
Day One
Understanding Financial Management
  • Understanding financial management
  • Role of financial management in an organization
  • The business path/cycle
  • Communicating the goals & objectives of financial management

Interpreting Key Financial Statements

  • Balance sheet overview
  • Assets, liabilities and stockholders' equity
  • Key accounting terms relating to the balance sheet
  • The difference between financial institutions and corporate/industrial balance sheets

Income Statement

  • Income statement overview
  • Key accounting terms relating to the income statement
  • Revenues, expenses and profitability measures
  • Difference between financial institutions and corporate/industrial income statements

Statement of Cash Flows

  • Overview of cash flow statements
  • How it affects the balance sheet and income statements
  • Difference between financial institutions and corporate/industrial statement of cash flows

Using the Financial Statements

  • Quality of financial reporting
  • Accounting policies, estimates
  • Timing of revenue and expense recognition
  • Notes to financial statements
  • Auditor's report

Day Two
Financial Management and Accounting Principles and Processes
  • Review basic accounting terms
  • Recording financial information
  • Basic accounting concepts
  • Ratio analysis

Forecasting

  • Projecting sales revenues and expenses during the planning period
  • Estimate the level of investment in current and fixed assets to support the sales
  • Determine financing needs during planning period
  • Analyzing historical data to identify trends

Budgeting and Planning

  • What budgets do
  • Types of budgets
  • Guidelines for preparing a budget
  • How to relate your budgets and plans to your organization's strategic objectives
  • Budget implementation
  • Variance analysis

Capital Budgeting

  • Defined
  • How and why capital budgeting is used
  • Breakeven analysis
  • Selecting projects
  • NPV

Clients who register for this course will receive a complimentary 3 month subscription to the Financial Times and FT.com. The Financial Times is the world's most respected financial newspaper, providing a broad assessment on finance, business and the industrial sector. Subscriptions will start within 6-8 weeks of the application process and are limited to one per client. For questions about your subscription, call 800-628-8088 or email uscirculation@ft.com. U.S. enrollees only. (All non-U.S. enrollees will receive a subscription to FT.com only.) Lunch included for all students taking day classes.

Lunch included for all students taking day classes.