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 Contacts
- Email: [email protected]
- Phone: 612-850-6731
- 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
Additional Ways to Participate
Attend as a Group
Maximize the return on your organization’s development investment by attending as a group. When you send three of your employees to the same course, a fourth employee may attend the course at no charge. Additional group pricing benefits are also available for larger cohorts through our Talent Development Partnerships.
Customize This Program For Your Organization
We can customize this course's content, format, and delivery to meet your organization’s specific learning objectives. Whether you are looking for a highly effective program that you can deliver quickly or a fully customized program built from the ground up, our team of experts will work with you to deliver the right approach for maximum impact.
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
- The Finance View of the Firm & The Valuation Principle: Discover the core concepts that provide a basis for financial analysis, valuation, and value creation for your firm.
- Time Value of Money & Value Added Financial Decision Making: Learn how to value uncertain cash flows over time and build the tools to make better financial decisions.
Session Overview
- Financial Accounting Simulation: Compete in a team simulation as you gain clarity on key accounting and financial concepts, including the difference between income and cash flow.
Session Overview
- Introducing Free Cash Flow & Financial Statements: Learn how to read basic financial statements, interpret key accounting metrics, and calculate changes in cash flows.
- Using Financial Statement Metrics to Identify Value Added Cash Flows: Explore key financial metrics that drive ROIC and learn to create pro-forma financial statements to project cash flows.
Session Overview
- Value Added Discounted Cash Flow Analysis: Use a business case to develop pro-forma statements, calculate cash flows from changes in invested capital, and identify incremental cash flows.
- Evaluating Financial Decision Rules: Take a closer look at the most commonly used financial valuation methods and metrics. Highlight the benefits and weaknesses of these methods.
Session Overview
- Case - Evaluating an Equipment Purchase: Decide whether to replace a piece of manufacturing equipment by weighing its costs against the cash flows it will generate.
- Case - Evaluating an IT Investment: Analyze a proposed IT investment in software to improve administrative efficiency, and decide whether it creates value.
Session Overview
- New Product Valuation Case Analysis: Value a proposed new product, including how it affects the company’s current product, and recommend whether to move forward.
Instructors
Senior Lecturer, Finance (Ret.)
Senior Lecturer, Accounting