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Finance for Non-Financial Managers

Learn critical financial fundamentals to confidently communicate with finance partners and understand how to analyze and evaluate financial decisions. 

This course runs every fall and spring.

About This Program

To learn more about this program, download the brochure or reach out to Carol Roecklein at croeckle@umn.edu or at (612) 625-5412.

The goal of the Finance for Non-Financial Managers program is to provide leaders and decision-makers who do not possess a strong grounding in finance, an understanding of how money works inside their organization and how money can be used in making decisions. This program is filled with instruction and case studies and topped off with a financial simulation to ensure participants practice their new-found knowledge.

 

Audience

  • Executives who make or contribute to decisions with significant financial implications
  • Managers with profit-and-loss responsibility in marketing, operations, human resources, engineering and other nonfinancial areas
Note: No background in finance required

 

Key Benefits

  • Read, understand and interpret financial statements
  • Make decisions using capital budgeting
  • Identify the business impact of changes in cash flow
  • Apply value creation principles
  • Understand financial metrics used by stakeholders to evaluate the health of the organization
Program Details
Cost: $3900.00
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The instructors have real world, practical knowledge that is key to making the content relevant. The scenarios used throughout the instruction, were exceptionally relatable, offered tools to take away, and provided immediate opportunity to be put into use.

– PLANT MANAGER, CHART INDUSTRIES

If you select only one development opportunity to invest in this year, this class is the one to pick. The content is relevant, the instructors are exceptional, and the hands-on approach provides immediate application. I highly recommend it.

– VP – GLOBAL COMPENSATION & BENEFITS, ECOLAB

The holistic view of finance taught in this course added tremendous value to my understanding of the hows and whys of financial decision making. I can now ask much better, more pointed questions with confidence.

– PROJECT ENGINEER, POLARIS

I learned a lot from Finance for Non-Financial Managers, and it clarified many concepts I encounter in my position.

– Engineering Superintendent / American Crystal Sugar Company

Finance for Non-Financial Managers

The goal of the Finance for Non-Financial Managers program is to provide leaders and decision-makers who do not possess a strong grounding in finance, an understanding of how money works inside their organization and how money can be used in making decisions. This program is filled with instruction and case studies and topped off with a financial simulation to ensure participants practice their new-found knowledge.

Additional Details

 

Day 1

Day 2

Day 3

Morning

Finance View of the Firm and the Valuation Principle

Time Value of Money and Value Added Financial Decision Making

Evaluating Financial Decision Rules

Value Added Cash Flows: the Key to Value Added Decisions

Case Study: Evaluating an Equipment Purchase

Case Study: Evaluating an IT Investment

Afternoon

Accounting Basics and the Accrual Method

Using Accounting Simulation to Understand Business Cash Flows

Identifying Value Added Cash Flows

Putting It All Together: Discounted Cash Flow Analysis

The CFO Perspective

Valuation Capstone Case Analysis

Schedule subject to change.

Contact Carol Roecklein
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