Today’s unpredictable and fast-changing business world requires executives from every level to have a solid understanding of core finance and accounting principles to make impactful business decisions. Practical financial decision-making is critical to an organization’s ability to combat competition, make strategic growth decisions, and create shareholder value.

You’ll discover key concepts such as interpreting balance and income statements, cash flow principles, asset and liability analysis, and risk and forecasting tools - all to make more impactful financial decisions. You’ll acquire the tools to quantitatively evaluate choices and how these choices affect your institution’s incentives and resources. This program offers a practical guide to using financial instruments when making allocation decisions, and are immediately applicable to you and your organization.

By attending this program, you will:

• Build up your financial decision-making by learning core finance and accounting principles.
• Learn how to evaluate and identify red flags in financial statements and balance sheets.
• Discover how the relationship between profit and cash flow is crucial to the health of an organization.
• Learn how to gain insight into an organization’s efficiency and profitability by using tools such as ratios and liability analysis.
• Acquire the tools to financially forecast for proper business planning.
• Strengthen your finance and accounting terminology to better communicate across your organization.

This program is designed for mid- senior managers from across an organization, within a wide-range of industries, who do not have formal training in finance and accounting and wish to develop or update their knowledge of core finance and accounting principles.

This program will also benefit those in professions such as consultants, scientists, engineers, healthcare, small- medium size business owners, and other professionals who want to increase their financial acumen to make better business decisions.

Introduction to Accounting and the Accounting Process

• Introduction to the key financial statements (balance sheet, income statement and cash flow)
• Accrual vs cash accounting
• Deriving the formula for the cash flow statement Operating activities
• Investment activities 
• Financial activities

The Profit & Loss Statement

• Revenue recognition 
• COGS and operating expenses 
• Discontinued operations
• Corporate taxes

Asset Analysis

• Key asset groups analysis 
• Long-term asset 
• Brands, R&D and other intangibles
• Depreciation methods
• Inventory accounting methods 
• Other current assets topics