MDP201B - Finance & Accounting for Non-Financial Managers
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Course description
Increasing profits and performance are two of the major responsibilities of every manager. This 2-day course will enable you to communicate confidently using financial data and gain practical insights into the crucial financial measurements used by top management.

Who should attend
All non-financial managers and executives (regardless of industry or profession) who want to expand their knowledge and understanding of accounting and finance.

What you will achieve

• The skill, confidence, and competence to master the numbers side of your business


• An understanding of how your decisions impact the bottom line


• The ability to focus clearly and concisely on critical financial indicators


• Better decision-making based on hard financial data


• The know-how to improve your understanding and working relationship with your company’s financial department.

What you will learn

• The Basics of Accounting - linking the accounting equation to business applications


• The Accounting Cycle - documenting and tracking business transactions and understanding how those transactions are reflected on financial statements


• The Balance Sheet - understanding its managerial objectives and usage


• The Income Statement - how to define revenue and expense and effectively use income statement ratios to evaluate profit and loss


• The Statement of Cash Flow - an understanding of cash flow and non-cash expenses, and the differences between cash and profit levels


• Cost Accounting - why it is necessary and how to use it as a management tool


• Fixed Assets - what they are and how to evaluate and account for them


• Budgeting - the basic budgeting process, cost/price/volume relationships and how they impact the bottom line, break-even analysis, and more.