Financial Skills for Non Financial Managers (Extended Version)

A three module seminar designed to enhance the understanding financial markets (what they are and the role they play); introduction to municipal bonds; structures, rating agencies, etc.; overview of FASB regulations; interpreting financial reports; conducting benefit/cost analysis; basic techniques in cash and capital budgeting; using financial information to make business decisions.

Who will benefit most from this seminar?

Employees who have been identified for promotion to managerial or supervisory positions through your corporate development program but have little or no financial training or back ground.

Newly promoted managers who have little or no financial and accounting training.

Seasoned managers with little or no financial or accounting training or back ground.

Seminar Overview

Session 1 (approximately 4 hours of instruction)

Financial accounting, managerial accounting, and tax accounting
The role of FASB and GASB
Accrual versus cash basis accounting
The accounting process – elements of financial reporting
Financial statements – what they are and what they are not
Cost behavior: fixed costs versus variable costs
Cash budgeting (O & M) vs. capital budgeting
Activity drivers

Session 2 (approximately 4 hours of instruction)

Introduction to the time value of money
Introduction to financial ratio analysis
Financial ratio analysis – advanced concepts
The income statement and balance sheet
Internal control
Time value of money – advanced concepts

Session 3 (approximately 4 hours of instruction)

Capital budgeting tools
Cost of capital
Financial markets
Municipal bonds, structures, and rating agencies
Capital budgeting– advanced concepts
Estimating project cash flows

Basic Financial Skills for Non Financial Managers (Abbreviated version)

Single Session (approximately 4 hours of instruction)

Accurately assess the liabilities and payoffs of new ventures with formulas to determine profitability, activity, liquidity, and more
Master financial lingo with an extensive glossary (presented in clear, easy-to-understand layman's terms)
Learn the key benefits and drawbacks of purchasing or leasing capital items.
Use a 7-point outline to prepare a budget that becomes a "road map" for future growth in your department
Learn how to spot trends and growth areas in balance sheets, P&L statements, and other financial documents
Use 10 ratio analysis formulas to judge how well your organization or department is managed Bring the bottom line into clear focus with 5 expert methods to determine profitability
Express your ideas to senior managers, bankers, comptrollers, and other financial professionals with confidence and ease
Slash expenses and enhance revenue - you'll learn what you can do to operate more profitably without sacrificing important items
How to decipher general accounting terminology and gain a clear understanding of the language of finance and accounting
Gain insights to vastly improve your working knowledge and interpretive ability for balance sheets, income statements, and cash flow statements
How to use your enhanced knowledge of financial statements to develop better budgeting, projection, and forecasting skills
Interpreting annual reports: how to translate their deluge of information into knowledge that can help you make informed decisions
How to better communicate with accountants, bankers, comptrollers, and other finance professionals
Using financial ratios to analyze trends, conduct industry comparisons, and predict financial problems before they become insurmountable
Developing and Managing Budgets
Solid reasons why good budgets lead to better, more effective management
Simple techniques to classify costs
Proven procedures that pinpoint budget goals and objectives
Insightful advice on understanding your organization's budget philosophy

To find out more about Financial Skills for Non Financial Managers contact Dr. J. T. Tisdale at jtisdale@bus.olemiss.edu or by phone (662) 915-6708.