Fundamentals of Finance and Accounting for Non-Financial Managers

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Detailed Overview/Outline

Learn how to understand and apply the principles of finance and accounting

Today’s managers are required to understand and speak the language of finance and accounting in order to achieve their goals and get bottom-line results. In this real-world-oriented training, you’ll gain the finance and accounting savvy you need to plan budgets, justify requests and spot problems before they get out of hand. You’ll learn the practical financial skills that will help you make better management decisions. Our powerful program was developed to make you …

• more comfortable with financial terminology and reports
• more confident about making financial plans and decisions
• more productive and valuable as a member of your organization’s management team

We’ll show you how to interpret the financial reports that cross your desk and use them as valuable decision-making tools … how to gain faster approval of new plans and ideas by presenting them in the appropriate financial terms … and how “financial literacy” improves your professional credibility.

Attend these intensive two days of training and gain vital financial knowledge you’ll use throughout your career.

You'll learn…

• What every manager needs to know about the basic building blocks of accounting and finance
• 5 important ways understanding and applying Generally Accepted Accounting Principles (GAAP) will make you a more effective manager
• How to quickly decipher balance sheets, income statements and cash flow reports
• How you play a role in controlling cash flow even if your department is not a profit center
• 2 powerful financial concepts you’ll use throughout your career
• Which concepts of budgeting all managers need to understand
• Recognizing what personal computer software programs can do for you — and what they can’t
• How to present your ideas and plans in the appropriate financial terms

TOPICS

• How to understand and use the “language of business”
• What every manager needs to know about the basic building blocks of accounting and finance
• How to cut through the jargon to translate financial data into meaningful concepts and understandable terms
• The 15 financial terms your business vocabulary must include
• How to present your ideas and plans in the appropriate financial terms

• “Finance 101” for managers
• Which concepts of budgeting all managers need to understand
• The important differences between figuring expenses and revenues on a cash versus accrual basis
• 4 real-world examples of how to use depreciation to reduce taxable net profit
• “Profit” and “loss”—understanding the real meaning of each

• Generally accepted accounting principles—how to set up financial statements and reports
• How to compute net worth and stockholders’ equity
• Understanding the basic “T” accounting system
• How to understand and interpret the most common financial reports

• How to use the financial tools available to you to make better management decisions
• 3 measuring sticks for evaluating the financial performance of any endeavor
• How to report financial information in the proper format
• How to use accounting principles to make realistic growth projections

• Computers and financial management
• Overview of the available software packages: Accounts receivable and payable programs, budget tracking systems and more
• Recognizing what personal computer software programs can do for you—and what they can’t

Sponsor Background:
SkillPath's seminars, videos, audiocassettes, books and software packages offer expert guidance on everything from how to get the most from the latest version of your favorite computer programs to how to manage people, time, projects or priorities and just about everything in between. At current count, SkillPath's curriculum includes more than 60 different seminar topics and nearly 200 book, audio and video titles.

SKILLPATH GUARANTEES RESULTS If you're not happy, SkillPath is not happy. Go back to work and apply the new techniques you learned in any of SkillPath's seminars. If you're not absolutely delighted with the results you achieve, write to them right away. They will issue you a refund or arrange for you to attend another SkillPath seminar without paying another penny. That's the SkillPath Guarantee!

Cancellation Policy: Cancellations received up to five business days before the workshop are refundable, minus a registration service charge, which you may apply toward any future workshop. After that, cancellations are subject to the entire workshop fee, which you may also apply toward a future workshop. Please note that if you don’t cancel and don’t attend, you are still responsible for payment. Substitutions may be made at any time.

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