presents
Padgett Thompson
a division of Rockhurst University Continuing Education Center
Course Description
Finance
and Accounting Fundamentals For Nonfinancial Professionals
Dates/Locations, Pricing, Register
Are you fluent in the language
that every department in your company speaks in common? You see
it in the reports, budgets and plans that come across your desk
more and more frequently. It's the financial language of business,
and you need to be able to communicate in it clearly and effectively.
Chances are, you see more information about your business translated
into financial terms every day. Bottom-line results ... ROI ...
contribution margin ... break-even ... full-cost absorption ...
the jargon gets thrown about fast and furious. You hear it in meetings,
you see it in reports and your boss expects you to understand it
and translate your activities into the same terms.
You need to understand the concepts behind the terms. You can't
afford to be left behind. Your career and your company's financial
health depend upon it.
During the two days you invest in this seminar, you'll participate
in an interactive learning experience that will let you apply the
concepts you learn to a business case study. You'll follow a simplified
business from start-up through advanced analysis and decisions.
You'll develop and justify a proposal for a capital expenditure
... make decisions about how you can cut costs and improve cash
flow ... determine the full cost of a product, including allocating
the right level of overhead ... and more.
How
You Will Benefit ...
- Find out how to communicate better with your
companyís financial professionals
- Decipher financial terminology so you can clearly
represent your plans and goals in the language of business
- Examine the 4 major financial statements businesses
use, and find out what information each one reveals
- Make better decisions when you understand how
your activities show up on the financial statements
- Discover how important cash is to your business,
and how you can help guarantee a healthy cash flow
What
You Will Cover ...
Understanding The Financial Side Of Business
- Understand the basics of finance and accounting
so you can communicate better with your company's financial professionals
- Don't be confused by the jargon - terminology
you need to know to figure out what your accountant is talking
about
- Make better decisions when you understand how
day-to-day activities translate into revenues and costs
- Determining the real value of your product or
service ... adding direct and indirect costs to come up with the
full cost
- Operating profit ... net income ... what management
really means when they refer to the "bottom line"
- Examine the 4 major financial statements businesses
use, and learn easy ways to remember what transactions are recorded
on each one
- Identify the purposes of income statements and
balance sheets, and what information they will and will not tell
you
- Reading between the lines of financial statements
- learning about expenses that don't affect your company's cash
position
- Find out why profits are not the same as cash,
and why adequate cash reserves are so important to any business
Making Better Business Decisions Using Financial
Information
- Discover the difference between finance and accounting
information, and which gives you the facts you need to make decisions
- Understand how modifying or timing the decisions
you make will contribute to your firm's financial health
- Cash is one of your company's most valuable assets.
Find out how your company manages it and plans for enough reserves
so you can seize new business opportunities
- Using the cash flow statement to predict problems
before they occur, and head them off before they become crises
- Recognize the red-flag areas where cash can disappear
if it's not properly managed
- You can help your company maintain a healthy
cash flow! Buy from vendors offering longer payment or consignment
terms and other proven techniques
- Discover all the costs that go into your products
or services - how to track and assign direct and indirect costs
to get an accurate cost of goods sold
- An overview of cost systems ... find out why
different businesses use different cost systems and why
- How to account for the often-maligned expense
of overhead, and why overhead is a necessary cost of doing business
Tools And Techniques To Manage The Business Better
- Understand the way your vendors, customers and
competitors are structured financially ... sole proprietorships,
partnerships and corporations will have different terms and cash
requirements
- Learn how to develop and use ratios to compare
your business to industry averages, and see where you have a competitive
advantage and where you can improve your position
- Did you know money you receive today is worth
more than the same amount received tomorrow? How to use present
value computations to maximize your company's return on investment
- Get new project ideas approved using proven payback
calculations
- Leverage your knowledge to figure out how much
and when different types of businesses need cash to maintain an
even cash flow
- How to build an assumption statement for the
sales from a project that is specific, accurate and in alignment
with the company's financial goals
- Revenue forecasting techniques that are accurate
and take into account your company's financial objectives
Meeting Financial Goals And Ensuring Growth
- How to develop a realistic budget that considers
your resource needs and your company's revenue requirements
- Work more effectively with your company's financial
professionals by providing them with clear and accurate budget
assumptions and calculations
- Consider external factors when you develop budget
assumptions ... issues like new government regulations, changing
demographics and technological advances, among others, can significantly
affect your internal budget
- Discover new opportunities! Identify and analyze
budget variances to find new ways to grow your business
- Areas to look at when developing a sound forecast,
including seasonal variations in sales, your product's position
in the product life cycle, new competitive actions, changes in
your product's features and more
- How to use return on investment to get capital
expenditures approved
- The effect that the depreciation of capital purchases
has on financial statements
- Improve the performance of your department using
"gap" analysis
Who
Should Attend ...
Managers, supervisors, professionals, specialists,
support staff and anyone who works with financial information must
attend this seminar. It doesn't matter whether you work in manufacturing,
customer service, marketing, purchasing, warehousing, human resources,
sales, management or another area, you will leave this seminar with
the skills to understand and translate your company's financial
information quickly and easily.
Don't worry if you don't have a financial background
- we know you're not an accountant, and we won't make you one. We
will use interactive exercises and proven adult learning techniques
to make the concepts crystal clear to you.
Spend
Just One More Day With Us...
Building
Budgeting Skills
Your
Guarantee of Complete Satisfaction
We stand behind our seminars
with a 100 percent , iron-clad, money-back guarantee
of satisfaction. If for any reason you’re not completely satisfied
with the solid skills, the tips, tools and shortcuts, and the crucial
information you receive during this workshop, we’ll refund your money
in full. Every penny. Guaranteed!
Program
Hours:
9:00 a.m.
to 4:00 p.m. Registration begins at
8:30 a.m.
Group
Discount: When 3 enroll from your organization, a 4th attends
FREE!
Lunch:
Lunch is on your own.
Continuing
Education:
Continuing education credits may be recognized by your professional
board. Contact your own board to find out what's required.
Cancellation
Policy:
If you cannot attend a workshop for which you are registered,
you may send a substitute or receive a credit memo toward a future workshop.
If you cancel your registration up to five business days before the workshop,
your registration fee will be refunded less a $10 enrollment charge.
Bring a seminar to your site! For information about bringing a course to your site please call 1-919-847-0331 or email the registry at
.
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** Register Online**
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Additional Information:
National Seminars Group will e-mail confirmation soon. If you are not paying via credit card, you will receive an invoice with payment instructions.
Cancellation Policy:
If you cannot attend a workshop for which you are registered, you may send a substitute or receive a credit memo toward a future workshop. If you cancel your registration up to five business days before the workshop, your registration fee will be refunded less a $10 enrollment charge.
You can also register by emailing your registration information to us at
or calling us at 919-847-0331.
Please mention the meeting number specified above and BE SURE TO STATE VIP CODE "919-120001-000 -- Training Registry".