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Finance And Accounting For Nonfinancial Managers

This web-based training course on Finance and Accounting for Nonfinancial Managers functionality, administration and development, is available online to all individuals, institutions, corporates and enterprises in India (New Delhi NCR, Bangalore, Chennai, Kolkatta), US, UK, Canada, Australia, Singapore, United Arab Emirates (UAE), China and South Africa. No matter where you are located, you can enroll for any training with us - because all our training sessions are delivered online by live instructors using interactive, intensive learning methods.

This course helps trainees to apply the basics of finance to increase potential profits, improve budget management, transform the accounting concepts into decision making tools and assess the financial performance of business activities. This course explains the financial concepts and accounting processes used in businesses and provide techniques that transform the effectiveness of trainees as a manager. The main objective of this training program is for trainees to gain the essential knowledge of tools and understanding to incorporate financial considerations into the strategic decision making process. The business environment makes it most important to understand how to use financial system to control costs and identify customers with potential financial problems.


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Course Details

This course helps Non-finance managers and professionals at all levels to develop an understanding of business finance. With this course trainees will learn Generally Accepted Accounting Principle, the key building blocks to financial control, to connect cash management and advantages as well as disadvantages of various key methods. This course educates trainees how to select the best costing method, the unique features of project costing, relationship between a well designed budget and how others measure your performance. Furthermore, trainees will learn how to apply financial tools and concepts in real world, evaluating a company’s health through its annual report and comparing public and private sector practices. This course is beneficial for both beginners and professionals who want to enhance their skill and knowledge. There are no prerequisites for this course.


Finance Matters

  • Explaining Generally Accepted Accounting Principles (GAAP)
  • To define Public versus private financial methodologies
  • Differentiate Accountability and responsibility

Key Building Blocks of Financial Control

    To decode the income statement

    • Explaining income, operating and capital expense items
    • To put the pieces together to measure profit and business success
    • Defining sales recognition

    To analyze the balance sheet

    • Explaining the worth of an established business
    • To distinguish between fixed and current assets and liabilities
    • Explaining depreciation and amortization
    • To link the income statement to the balance sheet

Cash Flow: Bloodline of Organizations

    To makes the key connection between business activity and cash flow

    • Explaining between cash flow, profit and net worth
    • Top connect cash management to line management
    • Credit and cash flow
    • Explaining much cash is enough?

    Importance of depreciation and amortization

    • Explaining depreciation impacts budget over time
    • Different methods for calculating depreciation
    • Explaining Advantages and disadvantages of key methods
    • Explaining Impacting of the management budget

Managing a Profit or Cost Center

    Select the best costing method for your situation

    • Absorption, marginal, activity-based costing
    • Determining costs in service businesses
    • Avoiding costing traps

    Unique features of project costing

    • To estimate project duration and future costs
    • To leverage debt to your advantage
    • Anticipating problems using cost control
    • To make estimates based on incomplete information

    To choose projects that optimize shareholders' interests

    • To make the financial case using ROI
    • Advantages and disadvantages of ROI, payback, discounted cash flow (DCF)
    • Various NPV techniques
    • To select viable projects

Explaining Manager's Guide to Budgeting

    To recognize that budgets are more than numbers

    • Explaining budgeting as sociology, not accounting
    • Politics of getting a budget approved
    • Relationship between a well-designed budget and how others measure your performance
    • To manage effectively within budgeting constraints

    To compare budget approaches

    • Top-down
    • Explaining Bottom-up

    Various Types of budgets

    • Incremental
    • Explaining Zero-based
    • Rolling
    • How to Developing the budget numbers?

    Budgeting as a planning and control tool

    • To use the budget to control the business
    • Various Limiting factors
    • Explaining Budget process and coordination
    • Explaining sales revenues and expenses
    • How to adjust the budget to reality?

Pulling It All Together

  • To apply financial tools and concepts in the real world
  • To evaluate a company's health through its annual report
  • Comparing public and private sector practices
  • To recognize potential traps in creative accounting

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