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Finance for Nonfinancial Managers
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Provider:
Cornell University-ILR (View Profile)
Topic(s):
Finance & Accounting > Fundamentals
Who Should Attend?
Managers, supervisors, professionals in nonfinancial positions
Full Seminar Description
This two-day workshop will help participants increase their understanding of revenue or expense budgets and financial statements and build an appreciation for the financial impact of their business decisions. Topics include how to identify the factors influencing a company's cash flow and profitability and describing key financial and accounting terms and principles. Keywords: finance, financial. Fee per person: $1495. Fee includes breakfast, lunch and refreshments.Revenue or expense budgets and financial statements are primary tools by which an organization determines, measures, and reports its financial performance. Many managers in nonfinancial positions are familiar with financial statements and their relationship to budgets.
This workshop will help participants increase their understanding of these tools and build an appreciation for the financial impact of their business decisions. You will learn to:
- Identify the factors influencing a company's cash flow and profitability
- Describe key financial and accounting terms and principals
- Explain the relationship among the major components of the basic financial statements
- Use financial statements to analyze a company's overall financial performance
- Prepare departmental budgets that support business goal and objectives
KEY TOPICS
- Who uses financial information?
- Financial reporting rules and the rule making bodies
- What it takes to run a business
- Factors affecting cash flow
- Components of the income statement and balance sheet
- How transactions are recorded in the income statement and balance sheet
- How the statement of cash flow links to the income statement and balance sheet
- Key financial statement ratios and what they tell us
- Types of budgets and their relationships to the financial statements
- Developing departmental budgets
- Interpreting budget to actual results
- Reflecting changes in budget assumptions
WHO WILL BENEFIT
Managers, supervisors and professionals in nonfinancial positions who want to increase their skill and comfort level in working with financial information.Sponsor Background:
- Over 50 years ago, Cornell University's School of Industrial and Labor Relations was formed to provide training to employers to improve workplaces and workplace life.
- Cornell workshops have a reputation for being current in subject theory and application as well as on legal or regulatory issues.
- Classes are highly interactive…between student and instructor and student to student.
- Discussion groups, case studies, role plays, and other exercises provide practice for your learning.
- Your instructors are skilled communicators and experienced professionals committed to providing the finest in real world, practical education.
- The majority of our clients are repeat users…a testimony to the quality and value received.
Substitution and Cancellation Policy
Substitutions of registrants can be made at any time. Cancellations and transfers are subject to a 25% charge unless received in writing one week prior to the program. Registrants who do not cancel in writing prior to the program date and who do not attend are responsible for the entire fee.
PLEASE NOTE: CORNELL NO LONGER ACCEPTS REGISTRATIONS WITH THE "BILL ME" OPTION. ALL WORKSHOPS MUST BE PAID IN ADVANCE EITHER BY CREDIT CARD OR PROOF OF PAYMENT SUCH AS A PO NUMBER.
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