Finance for Non-Financial Managers
Program Details
About the Program
Have you ever been confused during meetings with finance partners? Have you been perplexed about why they make the decisions and the recommendations they do? Would you like to better understand financial statements, and/or project valuations? If so, you’re certainly not alone. Attending Finance for Non-Financial Managers can help you internalize the fundamental financial concepts and terminology that will help you communicate effectively with your financial partners as well as increase your ability to make value-added decisions for your firm.
Experience
During this three-day, interactive course, you will learn the basic principles of finance through stories, case studies, and a hands-on simulation. You will learn “how the math works”— but more importantly you will learn how and why these concepts are linked to decision making. In addition, you will build a set of skills that will help you productively engage in financial discussions as well as more confidently evaluate projects and proposals. You will return to work with an increased ability to add value in your role and an understanding of why so many managers who have taken this course have recommended it to their teams.
Learn how you can customize this program for your organization.
Program Contact
- Email: [email protected]
- Phone: 612-625-5412
- REQUEST COURSE CATALOG
Who Should Take This Course & Why
- Enhance your ability to make value-added decisions
- Learn the fundamentals of finance, including key terms and concepts
- Discover how to read, understand, and interpret financial statements
- Partner and communicate more effectively with finance professionals
- Enable confidence to engage in budgeting and other financial discussions
- Learn to review project valuations more critically
- Enhance your ability to ask insightful questions about results as well as forecasts
- Understand the importance of cash flow to creating value
Participant Perspective
Two participants of the Finance for Non-Financial Managers program share how the course helped them learn the fundamentals of finance, including key terms and concepts.
Schedule
Session Overview
- Time Value of Money & Value-Added Decision Making: Learn how interest rates are determined as well as why some projects add value financially and others do not.
- Financial Simulation: Compete in teams during a simulation which will clarify key accounting and financial concepts, including the difference between income and cash flow.
Session Overview
- Cash Flows and Projections: Build on topics introduced during the simulation and develop a more nuanced view of cash flow. Learn metrics and acquire tools for understanding how firms generate cash flow and how different business areas use cash and generate cash.
Forming Strategic Vision
- Case Studies: Apply concepts learned during the first two days to answer real-world, situation-specific business questions. Explore whether to make an IT investment, replace a piece of equipment, and launch a new product.
Faculty & Instructors
Senior Lecturer, Finance (Ret.)
Senior Lecturer, Accounting