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

• Become familiar with accounting, the language of business
• Prepare basic financial statements
• Understand how to apply the formula for the Statement of Cash Flows

The Profit & Loss Statement

• Understand the five concrete steps involved in applying the revenue recognition principle
• Become familiar with inventory accounting and the key issues related to accounting
• Be able to record discontinued operations under both U.S. GAAP and IFRS standards, and to understand corporate taxes

Asset Analysis

• Distinguish between tangible and intangible assets
• Understand the concepts of depreciation and amortization
• Become familiar with the general rules for asset impairment.

Introduction to Valuation

• Understand the concepts of Net Present Value (NPV) and Internal Rate of Return (IRR)
• Calculate the Free Cash Flow (FCF), the Weighted Average Cost of Capital (WACC), and the Appropriate Discount Rate
• Articulate on other valuation methods, such as Market Multiples and Comparable Transactions