This course is also offered in face-to-face courses, click on the course below.
Overview
Course Methodology
This course utilizes a workshop, hands-on approach to apply the learned material on real-life scenarios and exercises.
Course Objectives
By the end of the course, participants will be able to:
By the end of the course, participants will be able to:
- Identify the major accounts on the financial statements and their relationship with the key financial ratios
- Utilize breakeven and operating leverage concepts to evaluate operating decisions
- Calculate Net Present Value (NPV) to evaluate proposed investment opportunities and projects
- Compare various financing options and highlight the impact of each option
- Identify types of risks across various operating, investing and financing decisions
Target Audience
Managers, supervisors, department heads, and professionals who have taken the basic finance for non-finance course and would like to advance their financial skills to a higher level.
Target Competencies
- Analyzing financial ratios
- Calculating breakeven point
- Evaluating Net Present Value (NPV)
- Identifying risk factors
Note
This course is worth 25 NASBA CPEs
Course Outline
- Overview of Key Concepts in Accounting and Finance
- Key financial statements: Income statement, balance sheet and cash flow
- Summary of accounting considerations for major accounts:
- Key financial ratios:
- Profitability ratios
- Liquidity ratios
- Debt ratios
- Activity ratios
- Key financial ratios:
- The three pillars of finance:
- Operating, investing and financing decisions
- Operating Decisions
- Managerial accounting concepts:
- Types of cost behavior: Fixed costs, variable costs and step costs
- Relevant costs, sunk costs and opportunity costs
- Breakeven analysis
- Operating leverage
- Evaluating operation decision options:
- Extending credit to customers
- Hiring additional staff
- Outsourcing decisions
- Accepting special orders
- Managerial accounting concepts:
- Investing Decisions
- Overview of time value of money
- Cost of capital
- Evaluation methods:
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
- Evaluating investing decision options:
- Mid-term and long-term projects
- Contracts with customers and suppliers
- Valuation of companies
- Financing Decisions
- Characteristics of debt vs. equity financing
- Types of debt financing
- Evaluating financing decision options:
- Short-term vs. mid- and long-term debts
- Impact of interest rates
- Setting up company for an Initial Public Offering (IPO)
- Introduction to Risk Management
- Definition and importance of risk management.
- Enterprise Risk Management Process (Identify, Assess, Treat, Review)
- Types of financial risks: Operational, market, liquidity, credit, and strategic risks
- Identifying risks across financial activities
- Operating activities: Expense variability and inefficiencies
- Investing activities: Market volatility and Return on Investment (ROI) uncertainty
- Financing activities: Interest rate fluctuations and liquidity challenges
- Simple tools for risk assessment
- Risk prioritization using a basic impact vs. likelihood matrix
Schedule & Fees
Face-to-Face Courses
This course is also offered in face-to-face courses, click on the course below.
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