Accountants Guide to Financial Management
Field of Study:
This course is designed for accountants who must have financial knowledge but has not had formal training in finance. Topics include:
The Sarbanes-Oxley Act financial reporting requirements, uses and analysis of financial statements, financial forecasting and cash budgeting,
risk and return, valuation of stocks and bonds, time value of money, investing and financing, leverage, optimal capital structure, portfolio
selection, management of financial resources, and international finance. The goals of the course are fourfold:
1. It provides an understanding and working knowledge of the fundamentals of financial decision making and strategy that can be put to
practical application in day-to-day jobs of accountants and managers.
2. It also concentrates on providing a working vocabulary for communication.
3. It uses examples and illustrations, with emphasis on the practical application of financial concepts, tools, and methodology.
4. It also includes checklists, guidelines, rules of thumb, diagrams, graphs, and tables to aid your comprehension of the subjects discussed.
Program content and Learning objectives:
After completing this course you will be able to:
- Identify the objectives of managerial finance.
- Recognize the role of financial managers.
- Identify the basic financial statements used by a firm.
- Identify which factors are used in evaluating a firmís stock.
- Recognize a comprehensive set of financial ratios and how to interpret them.
- Identify major steps in preparing the master budget.
- Recognize the concept and use of the time value of money.
- Recognize the components required to compute the return of an investment.
- Identify the types of risks reported by beta in its use in designing a portfolio.
- Recognize the various methods of common stock valuation.
- Identify the overall cost of capital.
- Define the capital budget.
- Recognize the types of depreciation methods.
- Identify how operating leverage affects a firm and compute total leverage.
- Recognize the primary objective of capital structure decisions and the influences on capital structure decisions.
- Understand the components of working capital and how to compute work capital.
- Recognize the advantages and disadvantages of the different kinds of stock and other equity securities.
- Identify the types and characteristics of equity financing.
- Recognize the key features of the financial management of a multinational corporation (MNC), including foreign exchange issues.
- Recognize different types of foreign exchange exposure.
- Identify various international sources of financing.
Amount of recommended CPE credit:
Final examination expiration date:
The program participant will have one year from the date of purchase to complete the course and final examination.