In this course you will learn to interpret and analyze financial data, communicate financial information, and evaluate corporate performance.
Do you know enough about finance to make decisions that have a positive impact on the bottom line?
If not, enrolling in the Finance and Accounting for Non-Financial Executives seminar will provide you with a strong foundation for analyzing and using financial information.
In this three-day seminar taught by award winning faculty you will learn to:
• Prepare and analyze financial statements.
• Incorporate the right data into your decision-making.
• Manage costs and volume to maximize profitability.
• Evaluate current and projected financial performance.
• Choose the best financing options for your company.
• Communicate clearly with financial professionals.
• Assess risk and required return to select the most valuable projects.
Note: Registration deadline is one week prior to start date.
Who Should Attend
Finance and Accounting for Non-Financial Executives is designed for executives, managers and professionals in general management, sales, marketing, or other areas who have little or no academic training in finance or accounting.
Understanding Financial Statements
- Key concepts including assets, liabilities, equity, revenues, and expenses.
- How to use the Income Statement, Balance Sheet and Cash Flow Statement to understand a company’s financial position and performance.
- Framework for basic financial statement analysis including ratio analysis.
Using Accounting Data in Decision-Making
- Finding the best data to use when analyzing an important business decision.
- Finding relevant cost data for common decisions — e.g. adding or dropping a product, product pricing, etc.
Cost-Volume-Profit Analysis and Business Risk
- How cost structure decisions affect profit potential and business risk.
- Using cost-volume-profit analysis to make cost structure choices.
- Alternative frameworks for evaluating performance.
- Setting strategic objectives, measuring performance, and defining targets using the Balanced Scorecard.
Financing the Business
- Alternative sources of capital, including equity financing, loans and trade credit.
- Selecting the best financing mix taking into account risk, taxes, timing, and out-of-pocket costs.
- Financing options to handle seasonal demand.
- Organizing the capital budgeting process.
- Setting the minimum acceptable rate of return on an investment.
- The impact of inflation, taxes, allocated costs, and other factors on an investment decision.
- Understand NPV and IRR, and how they are used to evaluate projects.
David Burgstahler, Ph.D. – Professor of Accounting, Julius A Roller Endowed Professor, University of Washington
Jarred Harford, Ph.D. – CHair, Department of Finance and Business Economics, Marion Ingersall Endowed Professor, University of Washington.
Frank Hodge, Ph.D. – CHair, Department of Accounting, Harrington Family Endowed Professor, University of Washington
Customize this Seminar for Your Company
We can tailor this seminar to meet your key strategic business needs. That way, your employees stay focused on your mission and goals as they learn from University of Washington faculty. We can create in-house versions of any of our three seminars in Finance and Accounting, Business Communication Strategies and Leadership. Or work with Executive Education staff to develop a new program specifically for your company.