Finance for Non-Financial Managers - Online

This introductory curriculum provides managers with a basic understanding of financial management. It demonstrates how to read and understand key elements of financial statements and reports, such as balance sheets, income statements and cash flow statements. Participants also learn how to apply basic financial and accounting principles to budget preparation and analysis.

Please note that this is a curriculum of individual course modules. You will need to pass each module exam in order to qualify for a certificate of completion.

This is an asynchronous eLearning program that can be accessed 24/7 from any internet enabled computer.

Available TodayOnlineUSD$299
Instructional Method:
Self-Study
Level: Basic

CPE CREDITS
6
Managers, analysts, consultants, project leaders, accountants, auditors, and others who seek a broad, yet comprehensive understanding of managerial financial tools and analytical methods used by successful operating managers to make better business decisions.
Students will be able to:
  • Recognize the goals of financial management
  • Define key accounting concepts
  • Recognize the use and characteristics of a balance sheet
  • Recognize the use and characteristics of an income statement
  • Identify a cash flow statement and how to use it
  • Recognize the use and characteristics of the notes to financial statements
  • Recognize the purpose and characteristics of Generally Accepted Accounting Principles (GAAP)
  • Identify the importance and characteristics of an audit and that of its primary documentation
  • Define double entry bookkeeping concepts in relation to the accounting equation
  • Compare the functions and contents of a ledger and a journal
  • Identify the different types of budgets
  • Describe the elements necessary to prepare a basic budget
  • Identify specific tools for analyzing and benchmarking financial information
  • Discuss the time value of money
None
  • Money & Banking - Online
  • Corporate Finance - Online
  • Business Valuation - Online
  • Financial Statement Analysis - Online
    • Review
    'This course offers basic but thorough information and has a nice balance of professionalism and personability,' says LGuide, an independent e-learning research and consulting organization.
    Module 1: Introduction to Financial Management - Online
    • What is Financial Management?
    • Goals of Financial Management
    • Definition of Profitability and Viability
    • Definitions of Key Accounting Terms

    Module 2: Key Financial Statements - Online
    • Balance sheet
    • Income statement
    • Statement of cash flows
    • Notes to financial statements

    Module 3: GAAP and Audits - Online
    • Generally accepted accounting principles
    • The audit, including the management letter and auditor's report

    Module 4: Recording Financial Information - Online
    • Key concepts
    • Recording financial events in journals and ledgers
    • Using financial information to improve decision making, budget planning, proposals and communication of information

    Module 5: Budgeting for Nonfinancial Managers - Online
    • Elements of a budget
    • Using a budget to set goals, evaluate results and improve decision-making effectiveness, communication and coordination
    • Preparing a budget
    • Break-even analysis
    • Reading, understanding, organizing and using departmental budgets

    Module 6: Analyzing and Benchmarking Financial Information - Online
    • Summary of total process
    • Application of concepts and formulas
    • Basic financial ratio analysis
    • Time value of money