Finance for Nonfinancial Managers
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.
CPE Credits: 6 - The complete list of CPE courses can be found here.
| Program Level | Basic |
| Prerequisites | This course has no prerequisites |
| Advance Preparation | No advance preparation required |
| Recent Revision Date | May 27, 2014 |
| Instructional Delivery Method | QAS Self Study |
| Field of Study | Accounting |
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Duration : 1 hour
- What is Financial Management?
- Goals of Financial Management
- Definition of Profitability and Viability
- Definitions of Key Accounting Terms
Duration : 1 hour
- Balance sheet
- Income statement
- Statement of cash flows
- Notes to financial statements
Duration : 1 hour
- Generally accepted accounting principles
- The audit, including the management letter and auditor's report
Duration : 1 hour
- Recording financial events in journals and ledgers
- Using financial information to improve decision making, budget planning, proposals and communication of information
Duration : 1 hour
- 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
Duration : 1 hour
- Summary of total process
- Application of concepts and formulas
- Basic financial ratio analysis
- Time value of money