Finance for Non-Financial Managers (FNFM8)

Many people advance to a management level based on subject-matter expertise, and quickly assume financial responsibilities such as departmental budgets and financial statements. This course is for the manager or engineer who does not possess a significant financial background, but whose performance would improve with a better understanding of departmental monthly financial reports and the transactional origins behind the numbers.

This course introduces participants to commonly used financial terminology and performance measures so they can make sense of the “dollars and cents,” and learn to make better use of financial information in everyday work life. Material includes:

  • Economic decision-making concepts
  • Construction and interpretation of the three types of financial statements: balance sheet, income statements and cash-flow statements
  • The importance of financial ratios and other performance measures, what they mean, and how to use them
  • Use of financial statements to assess the enterprise’s operational and financial health
  • Project cash flows and return on investment

Hours: 8

Learning Outcomes

  • Gain familiarity with finance and accounting terminology
  • Be better equipped to seek out and understand financial information, use financial information day-to-day, and interact effectively with finance department personnel

Intended Audience

The manager or engineer who does not possess a significant financial background, but whose performance would be improved with a working knowledge of financial statements and related concepts

Prerequisites

None

Course Schedule

8 a.m. to 5 p.m.

November 19, 2019

UB Baird Research Park

Instructor Bio: Julie Stiles, CLP

As a Certified Lean Professional and activity-based cost management expert, Julie helps all types of organizations improve their business performance and profitability. She does so through a variety of means: diagnosing and solving problems, guiding leaders toward specifying and quantifying previously unstated goals and objectives, cultivating the identification of priorities and related metrics, and inspiring clients to see their work with a fresh perspective. Julie’s agility and flexible approach enables her to apply business concepts in a creative way that meets unique customer needs. 

Cost

$495 early bird until August 28

Registration

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