EXECUTIVE EDUCATION

Key Topics
Fundamental Accounting and Finance Concepts
- Learning the basic terms and concepts necessary to grasp the numbers side of your business
- Understanding the accounting process, its role in the organization and its role in the overall economy
- How accounting and finance procedures impact business decisions
An Introduction to Financial Statements
- Understanding the three primary financial statements: the Balance Sheet, the Income Statement, and the Statement of Cash Flows
- Understanding the uses and importance of these statements and how they interact
- Understanding "Generally Accepted Accounting Principles" (GAAP) and how they are applied
Using Accounting and Financial Data to Evaluate Performance
- Defining and using key financial ratios to assess firm performance
- Learning how those outside your firm use accounting and other financial data to measure the health and performance of your company
- Finding and using benchmark industry and firm data for performance comparison
Using Accounting and Financial Data to Plan for the Future
- Using forecasting techniques to develop "pro forma" financial statements
- Using forecasting to predict cash and resource needs and to address critical planning issues
Using Financial Analysis to Pick Projects and Investments
- Understanding commonly used investment analysis techniques: payback, NPV, IRR, etc.
- Using capital budgeting as a project evaluation tool
Accounting Data Used for Managerial Decision Making
- Understanding cost/volume/profit relationships
- Identifying fixed and variable costs and determining break-even levels
- Using relevant cost analysis to improve managerial decision making
Management Control Systems
- Performance metrics and how they offer a measurement-based approach to strategy implementation and performance evaluation