Fundamentals of Finance and Accounting For Non financial Executives

OBJECTIVES :

w Understand the terminology of finance and accounting—including assets, liabilities, equity, expense, profit, and cash flow.

w Use the balance sheet to determine your organization’s financial position.

w Analyze income statements to evaluate operational results.

w Develop a working knowledge of the statement of retained earnings and the cash flow statement

w Calculate key financial ratios to determine liquidity, leverage, and Profitability

w Cultivate a more productive working relationship with finance professionals to enhance your value to the organization

OUTLINE :

w Accounting process—how transactions are recorded in the accounting system of an organization

w Generally accepted accounting principles—what they are and how they affect your organization

w Financial statement analysis- interpreting your company’s financial signals

w Annual reports—how to determine the health of an organization

w Analysis of return on investment-including the payback method and discounted cash flow methods such as net present value and internal rate of return

w Working through practical exercises to ascertain how finance and accounting procedures impact on business decisions