Mastered by over 100,000 managers across North America!

In today’s uncertain economy, when every manager is being held accountable for the bottom line, you have to be finance-savvy. Because no matter how effective your management style or how innovative your ideas, your performance will be measured in dollars and cents!

HOW YOU WILL BENEFIT:

• Get a firm grasp of the numbers side of your job
• Gain greater confidence with a working knowledge of business financials
• Learn how to think “finance” and translate performance into financial terms
• Cultivate proactive working relationships with finance professionals and enhance your value to the organization
• Understand the business dynamics of dollars and cents Take the guesswork out of your decision making and deliver a better bottom line

YOU WILL LEARN:
• Basic accounting principles
• Key finance terms: assets, liabilities, capital, depreciation, capitalization, current ratio and others
• The accounting process: journals and ledgers, debits and credits
• To use the balance sheet to examine assets and liabilities
• How to analyze the income statement to assess revenues and expenses
• The statement of cash flow: sources and uses of funds
• Debt vs. equity financing
• How to keep your plan on target with budgetary controls
• To use profit-planning tools, break-even analysis, financial forecasting
• Cash flow: where cash comes from and how it's applied
• Elements of cost accounting
• Personal financial planning tips

ADDITIONAL TOPICS:

Basic Accounting Concepts
• The significance of Generally Accepted Accounting Principles (GAAP)
• The difference between accounting profit and cash flow

Understanding Financial Statements
• Income Statement or Profit and Loss Statement (P&L)
• Balance Sheet
• Statement of Retained Earnings
• Cash Flow Statement

Reviewing an Annual Report
Understand the various components of an annual report
Understand the external auditor’s role

Evaluating a Company’s Financial Statements
• Calculate the key financial ratios using the financial statements
• Identify sources of financial information beyond the financial statements

Improving Profitability through Cost Analysis and Profit Planning
• Differentiate between fixed and variable costs
• Help your organization improve profitability through the use of break-even analysis, contribution margin analysis and direct costing in appropriate situations

Capital Expenditure Analysis
Distinguish between capital expenditure budgets and operating budgets and understand the function of the capital budget
Recognize and apply different methods of evaluating capital expenditure and monitoring project performance

Budgeting More Effectively
Understand the budgeting process
Identify different types of budgeting systems in use today

WHO SHOULD ATTEND:
This program is designed for non-financial executives and managers in every functional area of responsibility, and in all industry types, including private, public and non-profit sectors.

FACULTY (ONE OF THE FOLLOWING):
Karine Benzacar, Susan Diamond, Jason Orr, Jeffrey Sparling, CMA


PROFESSIONAL LEARNING CREDITS: 1.8 CEUs, 18 PDUs, CPSA Certification Maintenance .

SPECIAL FEATURE! Pre- and post-support and measurement are included. Free post-course tune-up modules are also available for six months after the program.

This course is made available through Excellence Canada's strategic alliance with the Canadian Management Centre (CMC).