Accounting and Finance for Business Analysis

Course Description

This course covers what everything business people and managers need to know about accounting and finance. It is directed toward the businessperson who must have financial and accounting knowledge but has little formal training in finance or accounting. This could include a newly promoted middle manager or a marketing manager of a small company. The entrepreneur or sole proprietor also needs this knowledge; he or she may have brilliant product ideas, but not the limited ideas about financing. The goal of the course is to provide a working knowledge of the fundamentals of finance and accounting that can be applied, regardless of the firm size, in the real world. It gives managers the understanding they need to function effectively with their colleagues in finance.

Learning objectives

• a:8:{i:0;s:71:"Identify the non-financial manager’s concern with financial planning.";i:1;s:53:"Recognize the responsibilities of financial managers.";i:2;s:48:"Distinguish between different business entities.";i:3;s:37:"Identify the importance of cost data.";i:4;s:53:"Define different types of costs and their allocation.";i:5;s:61:"Recognize financial components critical to decision analysis.";i:6;s:44:"Identify the concept of contribution margin.";i:7;s:40:"Recognize the contribution margin ratio.";}
• a:9:{i:0;s:60:"Recognize the relationships among costs, volume, and profit.";i:1;s:46:"Identify the what and why of break-even sales.";i:2;s:37:"Identify key financial ratio concept.";i:3;s:49:"Identify relevant costs in manufacturing process.";i:4;s:52:"Recognize components for making financial decisions.";i:5;s:52:"Understand costs used in future business directions.";i:6;s:50:"Identify costs used in future business directions.";i:7;s:49:"Identify importance and value of sales forecasts.";i:8;s:75:"Recognize how sales forecasts and budgets affect other operational budgets.";}
• a:7:{i:0;s:68:"Identify variance analysis and its usefulness to financial analysis.";i:1;s:51:"Recognize when variance analysis should be applied.";i:2;s:24:"Identify cost variances.";i:3;s:39:"Identify components of working capital.";i:4;s:38:"Recognize methods to finance an asset.";i:5;s:41:"Identify ways to improve cash management.";i:6;s:66:"Recognize ways to accelerate cash receipts or delay cash payments.";}
• a:8:{i:0;s:77:"Recognize ways to improve rate of return with accounts receivable and credit.";i:1;s:35:"Analyze accounts receivable values.";i:2;s:46:"Recognize inventory management considerations.";i:3;s:54:"Identify ways to optimize the economic order quantity.";i:4;s:54:"Identify ways to optimize the economic order quantity.";i:5;s:49:"Recognize future values and different loan types.";i:6;s:49:"Recognize the concept of the time value of money.";i:7;s:37:"Identify capital rationing decisions.";}
• a:7:{i:0;s:67:"Recognize each of the basic capital investment analysis techniques.";i:1;s:52:"Recognize the various types of depreciation methods.";i:2;s:33:"Compute the ROI on an investment.";i:3;s:61:"Recognize effects on the rate of return on investments (ROI).";i:4;s:76:"Identify the basic components of the Du Pont formula used to improve profit.";i:5;s:46:"Recognize the types of responsibility centers.";i:6;s:40:"Recognize the value of transfer pricing.";}
• a:8:{i:0;s:41:"Identify sources of short-term financing.";i:1;s:91:"Recognize the value and process of issuing commercial paper and other financing activities.";i:2;s:38:"Identify intermediate-term bank loans.";i:3;s:45:"Recognize the advantages of revolving credit.";i:4;s:43:"Identify the process of investment banking.";i:5;s:47:"Recognize issues for venture capital financing.";i:6;s:67:"Recognize examples of types of long-term debt and their usefulness.";i:7;s:39:"Identify examples of equity securities.";}
• a:7:{i:0;s:60:"Recognize the different financial statements and their uses.";i:1;s:51:"Identify the major components of the balance sheet.";i:2;s:62:"Recognize the double-entry system and the accounting equation.";i:3;s:140:"Recognize how to apply transaction analysis to simple business transactions in terms of the accounting model: Assets = Liabilities + Equity.";i:4;s:46:"Identify the entries entered into the journal.";i:5;s:60:"Recognize how certain transactions affect the balance sheet.";i:6;s:58:"Identify different financial ratios and how they are used.";}

Final examination expiration date:

The program participant will have one year from the date of purchase to complete the course and final examination.