Finance & Accounting for the Non-Financial Manager
Overview
You don’t have to be a finance manager or an accounting manager to benefit from financial and accounting training. Chances are good that financial strategies are an important part of making better business decisions that affect your bottom line.
The Finance & Accounting for the Non-Financial Manager course can help you understand accounting processes and methodologies, enhance your ability to forecast financial performance, spot trends and better study your competition. Participants who successfully complete this multimedia course learn to develop the financial skills necessary to evaluate proposed business projects, analyze company performance and apply finance and accounting principles with confidence.
42 PDUs | 8 Continuing Education Units
80 Military Clock Hours | 10 Military Clock Hours Per Week
Who Should Register?
The course helps managers from areas such as marketing, sales, IT, project management, manufacturing or engineering, as well as general managers, discover how financial data is generated, reported and used for decision making, analysis and valuation.
Course offerings and associated prices are subject to change without prior notice. Pricing for multi-course certificate programs varies depending on course selection. View the Professional Education Catalog for more information on the courses and programs.
What You’ll Study
Understanding the Role of Finance and Accounting
- The Role of Accounting in Credit and Investment Decisions
Taxes Individual and Corporate
- Understanding the Impact of Taxes on Financial Decisions
- Worksheet for Case Study – Calculating the Federal Income Tax for an Individual
- Computing Individual Income Taxes
- Computing Income Taxes for Business Entities
The Foundation of Accounting
- Understanding Major Accounting Concepts
- Defining the Elements of Financial Statements
- Understanding the Key Financial Statements
- Explaining the Role of Audits and Internal Control
- Financial Reporting
Making Strategic Financial Decisions
- Developing a Financial Strategy
- Preparing a Business Plan
- Determining the Optimal Capital Structure
- Obtaining Capital Resources
- Creating Shareholder value
Working Capital Management
- Managing Current Assets & Liabilities
- Computing the Cost of Inventory
- Estimating the Cost of Inventory
Designing Cost Systems for Strategic and Tactical Advantages
- Cost Accounting Systems
- Developing and Marketing New Products
- Measuring Quality Costs to Improve Quality and Reduce Costs
Evaluating Managerial Performance
- Evaluating Performance with Responsibility Accounting
- DuPont Analysis: Decomposing Return On Equity (ROE)
Personal Financial Management
- Developing Financial Goals and Controlling Debts
- Reducing Taxes and Investing Wisely
- Using Insurance and Estate Planning to Safeguard Assets
Applying the Course Content
- Investment Decisions: Discounted Cash Flow Valuation
- Credit Decision
Curriculum
8 Week Course
Course Introduction and Topic Overview
- Define accounting, finance, financial management, liquidity and solvency
- Discuss how a growing firm can go bankrupt
- Explain the importance of cash flow projections
- Describe the major categories of investors and creditors
- Discuss the role that analysts play in making investment decisions
The Foundation of Accounting
- Define the role of a balance sheet, an income statement, a statement of retained earnings and a statement of cash flows
- Complete a case study on preparing financial statements
- Describe the use of audits, internal control and valuations
- Post journal entries to a general ledger
- Compute the balance of an account and prepare a trial balance, a financial statement and a closing journal entry
Making Strategic Financial Decisions
- Describe the two major types of capital and how to compute the cost of capital
- Identify the elements of capital structure
- Explain how to use public stock offerings and private placements and how to issue bonds and lease assets
- Develop a long-range strategic plan
- Describe the factors that drive shareholder value
Making Strategic Financial Decisions, continued
- Describe the two major types of capital and how to compute the cost of capital
- Identify the elements of capital structure
- Explain how to use public stock offerings and private placements and how to issue bonds and lease assets
- Develop a long-range strategic plan
- Describe the factors that drive shareholder value
Making Tactical Financial Decisions
- Prepare a flexible budget and calculate flexible budget variances and standard cost variances
- Define operational leverage, financial leverage, working capital, and derivative
- Calculate a unit contribution margin and a total contribution margin
- Compare relevant costs with relevant revenues, and incremental costs with incremental revenues
- Discuss how changes in interest rates and exchange rates affect risk
Designing Cost Systems for Strategic and Tactical Advantages
- Describe pricing strategies and the traditional approach to pricing
- Explain target costing and cost tables
- Define the four categories of quality costs and how companies can use a cost of quality report
- Explain how to use Kaizen costing to reduce costs
- Describe the use of standard costs
Evaluating Managerial Performance
- Use common size ratios, liquidity ratios, and efficiency ratios
- Use solvency ratios and probability ratios
- Complete the case study on ratio analysis
- Define ROE and ROA
- Evaluate a business by breaking down ROE into its components
If you’re going to pay by credit card, you can either get started with installment payments or pay in full. Just let your enrollment representative know the option that works best for you.
Corporate Tuition Assistance
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Corporate TA
Corporate tuition assistance is paid by your employer. You will need to provide appropriate forms for processing, prior to enrollment. Subject to employer benefit policies.
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Deferred Corporate TA
Pay tuition now and have your employer reimburse you. Additional documentation will be needed to process this payment. Subject to employer benefit policies.
Military Benefits
Active Duty
Villanova offers a 15% savings, per certificate course, to active-duty servicemembers, Guardsmen and Reservists (upon verification of military status).
Veterans
Villanova offers a 15% savings, per certificate course to veterans (upon verification of military status). You may also use your Department of Veterans Affairs (VA) education benefits for many of Villanova’s 100% online non-credit programs, based upon your individual eligibility.
Spouses and Dependents
Villanova offers a 15% savings, per certificate course, to active-duty servicemembers, veterans, Guardsmen, Reservists and their spouses and dependents (upon verification of military status).
This reduction is valid off the standard tuition fee rate of the listed courses offered by Villanova University with online administration by Bisk. This reduction is not stackable with other reductions, and you may not use this reduction in conjunction with other reductions.
