Finance for non-financial managers Training Course



Finance for non-financial managers Training Course: Introduction

This is an introductory course for non-financial managers, at the completetion of the course, managers will understand the role and importance of finance and understand some financial terms.

Finance for non-financial managers Training Course :Course Outline

Course Overview
Part 1: Basic Bookkeeping
Part 2: Budgets and Financial Reports

Part 1: Basic Bookkeeping
1. Introduction
Topics for Discussion
Topics Indirectly related
Workshop Objectives

2. Basic Terminology
Accounting period
Balance Sheet
Cost of Goods Sold
Income Statement

3. Terminology
Accounts Payable
Accounts Receivable
General Ledger
Trial Balance

4. Accounting Methods
Differences between the two

5. Keeping Track Of Transactions
Accounts Payable
Accounts Receivable
General Ledger
Cash Management/Banking

6. The Balance Sheet
The Accounting Equation
Double-Entry Accounting
Types of Assets
Types of Liabilities
Equity – Owner’s Equity

7. Other Financial Statements
Income Statement
Cash Flow Statement
Capital Statement
Budget vs. Actual

8. Payroll Accounting Terminology
Gross Wages
Net Wages
Employee Tax Witholding’s
Employer Tax Expenses
Salary Deferrals
Employee Payroll
Employee Benefits
Tracking Accrued Leave
Government Payroll Returns and Reports
Review Questions

9. End Of Accounting Period Procedures
Depreciating Assets
Reconciling Cash
Reconciling Investments
Trial Balance
Bad Debt
Adjustments and Corrections
Review Questions

Part 2: Budgets and Financial reports

1. Introduction
Topics for discussion
Indirectly related topics
Workshop Objectives

2. Glossary
Definition of finance
Commonly Used Terms
People in Finance, Jobs in Finance
International and National Finance Accreditors

3. Understanding Financial Statements
Balance Sheets
Income Statements (Profit and Loss)
Statement of Retained Earnings
Statement of Cash Flows
Annual Reports

4. Analysing Statements
Income Ratios
Profitability Ratios
Liquidity Ratios
Working Capital Ratios
Bankruptcy Ratios

5. Analysing Statements – Less Common
Long Term Analysis Ratios
Coverage Ratios
Leverage Ratios
(ROI) Return on Investments

6. Understanding Budgets
Common Types of Budgets
Information needed
Who to involve
What a Budget should look like

7. Budgeting Made Easy
Historical Data
Gathering Related Information
Adjustments for Special Circumstances
Putting it all together
Computer Based Methods

8. Advanced Forecasting Techniques
Using the Average
Regression Analysis
Formal Financial Models

9. Managing the Budget
Making Sure You’re on the Right Track
Updating the Budget
Keeping a diary of Lessons Learned
When to Panic

10. Purchasing Decisions
10 Questions you must ask
Determining the payback period
Deciding whether to Lease or Buy
Thinking Outside the Box

11. The Legal World
A short history
The Sarbanes-Oxley Act
CEO/CFO Certification
Thinking Outside the Box

12. Overview
Words from the Wise
Topics not discussed
Lessons Learned
Action Plans and Evaluations

Finance for non-financial managers Training Course: Course Duration

2 day/s

Who should attend: Finance for non-financial managers Training Course

This course is intended for non-financial managers.

**Quote does not include Any Exam Fees (if applicable)

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