BSMG 0004 - Finance Skills for Nonfinancial Managers
Course Description
Managers are responsible for leading processes and teams and making daily decisions that impact the company’s success. Decision-making is highly influenced by the organization’s financials.
This course provides you with a financial foundation to help you make sound assessments and business recommendations. Understand the accounting process and enhance your ability to project your organization’s financial performance. This course helps you to evaluate financial trends and better understand financial statements.
Need to upskill your team? We can bring this training to your organization, when and where it is convenient. For more information, visit Customized Training.
Course Outline/Topics
- Accounting & Finance – Basic Rules of Business
- Running a business – the circulation of capital
- Building and Understanding Financial Statements
- Financial Statement Analysis
- Cash Flow Analysis
- Budgeting, Forecasting and Variance Analysis
- Making Business Investment Decisions
- Analyzing and Interpreting Financial Information
- Financial Ratios
Benefits and Learning Outcomes
- Explain basic finance and accounting concepts
- Identify how to analyze and interpret financial statements
- Explore the concepts of financial planning and forecasting
- Describe how to make better business decisions using financial ratio
Who Should Attend
New managers and individual contributors with responsibilities for planning, forecasting, or making business recommendations. Existing managers looking to enhance their understanding of financial concepts in order to be more effective decision makers. Entrepreneurs who need to know the financial impact of running their own businesses.Testimonials
"I really enjoyed the instructor’s knowledge and especially, enthusiasm. The class could have been quite dry, but she made it interesting and engaging. The simulations and group activities really helped to solidify my understanding of the concepts taught in the class. Overall, I thought it was a great class."
-Maryanne Esser, Sunlite Plastics
"Ann’s teaching style was extraordinary. Her ability to keep the class engaged throughout the two day class while delivering an ambitious amount of content enabled me to learn the material faster and easier than expected. The simulation exercise helped to reinforce the concepts and working with the other participants at my table encouraged discussion, collaboration and analysis."
-Barbara Stubing, Hollister Incorporated
Partners & Professional Credits
Applies Towards the Following Credentials
- Business Administration Certificate : Core
- Emerging Leaders Certificate : Elective
- Project Management Certificate : Elective