Accounting and Finance for Non-Financial Managers — Online

Master the tools for making smart financial decisions

Overview

Through this highly successful program, managers with little or no financial training or experience can learn to use the language, tools, and techniques of accounting and finance. Complex principles are presented in practical, understandable terms and in a friendly, supportive environment. You will return to your organization with the confidence to analyze financial information and participate fully in making business decisions.

Key Benefits and Takeaways

  • Read and analyze financial reports to assess customer, competitor, supplier and company performance
  • Use discounted cash flow, internal rate of return, Economic Value Added, payback and break-even analysis to make better investment decisions
  • Maximize shareholder value
  • Understand and evaluate financing strategies
  • Apply the principles of activity- based costing, target costing and open-book management
  • Prepare and present business cases
  • Use critical numbers and the Balanced Scorecard to create a high performance organization

This program is designed for managers at all levels, including those in technical and non-financial areas, who are seeking to make better business decisions by understanding financial information. This diversity is one of the program’s strengths – it builds on the experiences of participants from all types of companies, not-for-profit organizations, and government services.

The registration fee includes facilitation by our highly-rated faculty members, a comprehensive digital workbook, results-oriented exercises, and a certificate of completion from the McGill Executive Institute.

This course is pre-approved approved for CPD hours under Section A of the Continuing Professional Development (CPD) Log of the Human Resource Professionals Association (HRPA). Learn more.

Topics covered during the program

  • Define accounting and finance terms
  • Follow the complete accounting cycle, from recording transactions to reporting results
  • Interpret balance sheets, income statements, and cash flow statements
  • Reading annual reports
  • Learning Generally Accepted Accounting Principles (GAAP)
  • Identifying key limitations of financial reporting
  • Understand the rationale and pitfalls of cost allocations and cost-plus pricing
  • Use activity-based costing, activity-based management, and target-costing
  • Apply the cost-volume-profit model to business decisions
  • Identify and manage structural cost drivers and life-cycle costs
  • Evaluate the contracting-out option
  • Define and use performance metrics and the balanced scorecard
  • Apply the principles of open book management
  • Understand budget preparation and interpret results of financial reporting
  • Use multi-attribute, accounting, and financial models to analyze investment decisions
  • Understand risk, inflation and opportunity, and weighted average cost of capital
  • Calculate and interpret net present value and internal rate of return
  • Apply sensitivity analysis
  • Grasp the role of finance and finance staffing in an organization
  • Evaluate and manage financial risk
  • Use the capital asset pricing model and beta to assess cost of equity
  • Acquire the fundamentals of financial derivatives such as options, swaps, and futures
  • Calculate and understand financial ratios
  • Learn about financial and operating leverage
  • Appreciate the role of the auditor
  • Employ strategic evaluation tools
  • Determine limitations of financial analysis
  • Connect financial information to other strategic measures
  • Financial and strategic evaluation
  • Recommendations and presentation
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Programs to Consider

Upcoming Online Sessions

Fee

$3,295.00 + applicable taxes

Location

Online Course


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This was one of the best courses I have taken. I feel like I learned so much in four days. The leaders were great and communicated the material very well.
Derbhla Dunne
Canadian National Railway Company (CN)

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