2-Day Program

Accounting for Non-Financial Managers

About the Program

This 2-day Program focuses specifically on the principles of business accounting covered in our 5-day Finance for the Non-Financial Manager program. It is designed to provide a deeper understanding of accounting for people from other functional areas. Our experienced faculty will de-mystify accounting principles, helping you to understand and analyze financial statements, and to use accounting tools to make better business decisions. Session leaders present the material in a straightforward and engaging format that makes complex accounting concepts easy to understand.

In this program you will learn to:

  • Interpret accounting reports
  • Use accounting tools to make better business decisions
  • Engage in more productive communication with accounting and finance managers
  • Understand the financial impact of business decisions

Who should attend:

Managers and executives from a non-accounting background who want to improve their ability to work with accounting and financial information and improve their decision-making skills.

Personal Benefits

  • Increased ability and confidence to include more analysis in your decision-making process
  • Greater familiarity with accounting terms and acronyms permitting more effective communication with accounting and financial colleagues
  • Better decision-making thanks to a more complete analytical skillset

Organizational Benefits

  • Improved communication functional managers and accounting/financial managers
  • Better decision-making with improved performance for the organization
  • Higher retention of high-potential managers thanks to investing in their development and growth

Day 1

Deciphering key accounting and financial statements

  • Understanding the essentials of accrual accounting
  • Learning how to read financial statements such as balance sheets, income statements, cash flow statements, and statements of retained earnings
  • Understanding financial concepts such as depreciation, sunk costs, retained earnings, and goodwill
  • Interpreting cash flow patterns and recognizing trends in financial performance to make better business decisions

Assessing your organization’s health and evaluating its future direction

  • Assessing working capital requirements
  • Using accounting ratios to improve liquidity, profitability, capital structure and asset utilization
  • Understanding how accounting fits into the broader decision-making framework
  • Assessing the financial health of competitors

Day 2

Modelling profitability against changing volumes and cost behaviour

  • Understanding cost behavior over a relevant range of activity
  • Employing sensitivity analysis, break-even analysis, keep/drop analysis, and scenario analysis to improve decision-making
  • Applying the principles of Target Costing to your operations
  • Applying the principles of Activity Based Costing and Target Costing to your operations
  • Employing sensitivity analysis, break-even analysis, keep/drop analysis, and scenario analysis to improve decision-making

Making more effective decisions on capital expenses, capital budgeting, and funding new initiatives

  • Appraising investment opportunities and ranking capital investment alternatives
  • Using financial tools such as Net Present Value (NPV), Internal Rate of Return (IRR), nominal and discounted payback to evaluate capital investment opportunities
  • Understanding how to use Discounted Cash Flow (DCF), Economic Value Added (EVA) for evaluating operating decisions

John Moore is an experienced and award-winning executive educator who is highly regarded in the accounting profession. He has conducted executive development seminars on financial tools for senior managers at Alcan, BMW, DuPont, Canon, Mitel, Shoppers Drug Mart, New Brunswick Power Corporation, Mountain Equipment Co-op, and Canada Post. He also works with members of senior management teams to integrate financial accounting concepts into strategic planning.  He is a 17-time winner of the MBA Teaching Excellence Award from Smith School of Business; a recipient of the Silver Medal from CMA Canada; Fellow of the Society of Management Accountants of Canada; and the author of five accounting textbooks, including a study guide for students preparing for the CA designation.

Danny Szpiro is an award-winning teacher and expert on financial management, including the areas of management accounting, capital budgeting, post-investment review, and the Balanced Scorecard.  In his research and consulting, he has worked with organizations on the use of post-investment reviews and strategic controls in capital investment systems and on developing the financial analytical skills of managers.

He is Dean of Executive Education at the Jack Welch Management Institute at Strayer University. From 2004 to 2012, he was a faculty member at the Johnson Graduate School of Management at Cornell University, where he held the position of Associate Dean for Executive Education. Prior to that, he was an Associate Professor with Smith School of Business and the John Molson School of Business at Concordia University.

Enroll Now
Cedric Atkinson

Speak to a member of our team.
Call 1.888.393.2338 or Chat live
Monday to Friday. 8:30 am - 4:00 pm EDT

Upcoming Sessions

    Toronto, Ontario, Canada

    Smith School of Business Toronto Campus
    200 Front Street West, Suite 3020
  • Oct 19 to Oct 20

Fees

$2,900 CAD (plus applicable taxes)

Located in Canada?

Offset part or all of program fees through the Canada Job Grant

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