Financial
Concepts for Non-Financial Managers
This program helps managers understand their
company’s financial “big picture” through
hands-on learning that is both insightful and fun. Our
non-intimidating approach to teaching the practicalities of
financial reports and concepts gives participants a
meaningful foundation for understanding company financial
reports, as well as financial information about personal
investments.
This program is designed for individuals who need to or
simply would like to learn how to understand and interpret
financial statements. The program is tailored to those who
have no prior training in financial analysis, and it
assumes no knowledge of accounting or financial concepts.
The program’s primary purpose is to demystify
accounting and finance, and to offer a practical approach
to understanding how financial statements are created, what
they measure, and what they mean.
Participants will explore:
• Basic Financial Concepts
Why do we need to understand financial concepts and what
does this have to do with my job? Explore the basics of
financial statements, including Income Statements, Balance
Sheets, and Cash Flow Statements, and what they are trying
to tell you.
• What Do All These Numbers Mean?
Numbers are only useful if they actually tell you something
valuable. Explore tools such as Ratio Analysis, for
“getting behind the numbers,” and understanding
what the numbers can tell you about both your company and
your competitors.
• Understanding Your Industry And The Business Cycle
We look at different financial structures and ratios by
using comparative analysis and discussion of industry
information. To fully understand your business, you need to
also understand your industry, and where you fit in it.
• Budgets And Expenses
Understanding how budgets work can be a valuable management
tool along with how to use them more effectively.
Participants will examine the differences between Capital
and Operating Budgets, Fixed Costs versus Variable Costs,
and will take a “quick and dirty” look at their
cost center’s P&L.