Finance for Non-Financial Managers

Finance for Non-Financial Managers: If you’re looking to grow your career and take on greater responsibility within your organisation, you’ll need to demonstrate a basic understanding of financial management—even if you’re not in a financial role. You don’t have to be a numbers person! You just have to appreciate their role in business. In this course, accounting professor Jim Stice helps you develop the financial acumen necessary to interpret financial reports and make decisions based on available data, manage inventory and receivables, create an accurate budget, and cost a product or service. Plus, learn how to analyse your customers, understand your income taxes, and communicate your contribution to the bottom line.

Learning Objective:

By the end of the course “Finance for Non-Financial Managers,” learners will be able to develop an understanding of fundamental financial concepts and principles, as well as learn how to apply these principles to decision-making in a business context.

The course aims to help non-financial managers gain a solid foundation in finance and accounting concepts, including financial statements, cash flow analysis, and financial ratios. Additionally, the course will help learners develop the ability to interpret financial data and make informed decisions based on financial information.

Specifically, upon completion of the course, learners will be able to:

1. Analyze financial statements: Learners will be able to interpret financial statements, including balance sheets, income statements, and cash flow statements, and understand the significance of various financial ratios.
2. Understand cash flow: Learners will gain an understanding of cash flow analysis and the importance of cash flow management in making informed business decisions.
3. Make financial decisions: Learners will be able to apply financial concepts and principles to real-world business scenarios, including budgeting, investment decisions, and financing options.
4. Understand risk and return: Learners will understand the relationship between risk and return, and how it impacts investment decisions.
5. Communicate financial information: Learners will be able to communicate financial information effectively to stakeholders, including investors, employees, and management.

Overall, the course aims to equip non-financial managers with the knowledge and skills needed to make sound financial decisions, communicate effectively with financial professionals, and contribute to the financial success of their organization.