Financial Fluency for Non-Financial Managers: Advanced

Financial accounting is the scorecard of any business – correctly understanding financial information will help you measure performance, plan future action and make better business decisions.

This course is designed for any leader who has received some basic exposure to accounting and financial statements, and wants to apply more advanced techniques into their everyday decision-making process.

Use financial analysis to support your key strategic business, management and resource allocation decisions. This course is an ideal introduction to financial accounting for leaders who make key financial resource decisions and require a formal process for conducting financial analysis. You will receive a detailed framework for analyzing financial statements which will allow you to apply your course learnings around your own planning and capital budgeting issues.

What You’ll Learn

• Understand how accounting reveals the ‘scorecard of a business’.
• Study operating costs to identify how a business is competing.
• Use a turn-key financial statement analysis framework.
• Introduce balanced scorecard measures to improve every departments’ performance.
• Support your business decisions with sound financial back-up.
• Develop a methodology in analyzing financial statements and the financial strength of an organization.
• Practice analyzing financial performance in a live case environment.
• Understand why managers need a balanced scorecard to manage value creation.
• Design an activity-based costing system that links resource costs to the key activities the organization performs.
• Understand the financial techniques used by an organization to assess capital projects.
• New innovations in strategic management accounting and decision-making.
• Identify what financial information you regularly need and a turnkey process to get it.
• Discuss new changes to financial reporting practices for businesses.