Fundamentals of Accounting for Non-Financial Managers
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$2,390
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Fundamentals of Accounting for Non-Financial Managers
Get a grasp on the meaning behind the numbers
You’ve come this far in your career through talent, initiative and a lot of hard work. But you may have missed out on the financial training you need to get to the next level.
This popular course for non-financial managers is your shortcut to financial literacy. Learn to “think finance,” and understand what the numbers are telling you. Read basic financial reports and ask probing questions based on the data they provide. Strengthen your finance and accounting skillset. Increase your financial fluency to make your business decisions pay off—in your career, and on the bottom line.
Note: see Financial Statement Analysis for Non-Financial Managers to take the next step in your financial literacy learning journey.
- Demystify the language, tools and techniques of accounting and finance
- Better comprehend your business from a financial point of view
- Acquire a toolkit of financial management techniques
- Get hands-on experience dealing with basic financial reports
- Grow confidence in working with financial specialists and senior managers
- Expand your professional expertise—and your opportunities
Impact on your organization, team or business:
- Improve business acumen and the quality of financial decision making at all levels
- Ensure smoother interactions between non-financial staff and members of the accounting/finance department
- Promote organizational sustainability by encouraging a more questioning outlook—i.e., why are we doing what we do? Is there a more effective way?
- Cascade learning downwards, by enabling department managers to share their knowledge with others on their team
Basics of Financial Literacy
- Accounting and financial terminology
- Generally Accepted Accounting Principles in Canada
- Roles and responsibilities of financial managers
- Characteristics of good financial information
Understanding the Balance Sheet
- What can the Balance Sheet tell you, and how can it mislead?
- Assets
- Liabilities
- Shareholders’ Equity
- Reading critical information hidden in the footnotes
Deciphering the Income Statement
- What does the Income Statement tell you about a business, and what does it leave out?
- Net income: revenues, expenses, gains and losses
- Cash vs. Accrual vs. Activity-based accounting
- Break-even analysis and depreciation
- Performance indicators
Sorting Through the Statement of Cash Flows
- The purpose of the Cash Flow Statement
- Types of cash flows
- Operating activities
- Investing activities
- Financing activities
Overview of the Statement of Changes in Equity
- What it is and how it is used
- Contributed capital
- Retained earnings
- Accumulated other comprehensive income
Other Critical Concepts to Know
- Reading public company annual reports
- Introduction to financial ratios and internal controls
Profile
Scott Sinclair
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Evan Lloyd
Client Development Specialist, Professional GrowthWhat other professionals think
I left this course with a greater understanding of financial statements and confidence to be able to read and interpret them accurately.
This was the best course I have taken in the past ten years; very interesting and enjoyable. The instructor was top notch. I definitely recommend this course to others.