2008 Dates:   October 1-3   2008 Cost:   $3,700

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Overview

This seminar teaches the financial skills and concepts you need to define and measure your organization's financial performance. You will learn to make decisions based on financial reports and interface more effectively with financial managers.

Who Should Attend

• Managers who have little, if any, training in finance
• Managers in areas such as marketing, sales, manufacturing, R&D or human resources management, as well as general managers and other professionals who come frequently into contact with their firm's financial functions

Key Benefits

• Gaining new skills in understanding and interpreting annual reports, financial reports and budgets
• Learning to use financial information in making decisions.
• Knowing how to communicate effectively about your firm's financial posture
• Understanding how to interface more effectively with your firm's financial managers
• Developing the ability to apply financial concepts in strategic plans and proposals
• Becoming more accountable for your organization's financial performance

Program Content

Accounting and the Organization

Corporate Strategy Industry Analysis Stakeholder Expectations Marketing/Production/Management Macro and Micro View of Financial Control Capital Markets Role of the Financial Officer

Financial Statements and the Accounting Process

Balance Sheet Income Statement Statement of Retained Earnings Statement of Cash Flows Interaction of Financial Statements The Accounting Equation

Interest, Risk and Decision-Making

Credit, Taxes and Inflation Time Value of Money Risk and Return Cost of Capital

Capital Budgeting

Analyzing Investment Alternatives Payback Period Working with the Different Approaches Dealing with Income Taxes

Investment Decisions

Types of Investments Fundamental Tools Estimating Cash Flow

Financial Statement Analysis

Horizontal and Vertical Analysis (Standardization) Ratio Analysis Returns on Assets, Liabilities and Equity Return on Common Equity Industry Data

Everything You Wanted to Know About Accounting but Were Afraid to Ask

Accounts Receivable Inventory Other Assets

Cash Flows (Cash Is King)

Reason for Cash Flows Cash Increases Cash Decreases

Faculty

Joe Bylinski
David Hartzel

Participant Comments

"Practical, easily applied to any business. Well thought out and fantastic teachers!"

"Excellent overview of financial concepts"

"It was an incredibly relevant (real life discussions/examples) class and exceeded my expectations! I've never had so much fun talking accounting."

"Engaging/fascinating professors, tremendous classroom discussions of real life examples, easy to understand analogues."