Financial Analysis for Managers I
Course Description
This course is designed to frame financial issues for non-financial managers. Basic accounting and financial terminology and concepts are introduced and practiced. Topics covered include the accounting environment, financial statements, financial markets, working capital management and financial planning, and internal controls.
Topics and Objectives
Accounting Principles
- Define basic accounting concepts, terminology, and transactions.
- Illustrate the accounting cycle.
- Identify the four types of financial statements.
- Describe the impact of the regulatory and compliance environment on accounting.
Principles of Financial Statement Preparation
- Prepare financial statements from a trial balance.
- Assess the key relationships between the basic accounting equation and the financial statements.
- Assess the key relationships between the four financial statements.
- Determine the importance of ethics and internal control programs and describe effective control techniques.
Financial Statement Analysis
- Analyze financial statements using financial ratio analysis.
- Recognize the impact of variable costs, margins and profitability.
- Determine fixed and operating costs and the application of operating leverage.
Managerial Accounting
- Describe the elements of working capital and the cash conversion cycle.
- Identify various inventory management concepts.
- Examine the concepts of receivables, payables management, and cash management.
- Explain the importance of TVM (Time Value of Money) analysis within the organization.
Principles of Finance
- Describe the different sources of capital used by organizations.
- Examine the functions of financial markets, intermediaries, and regulatory bodies.