Finance for the Non-Financial Manager
Develop Your Financial Acumen5-Day Program
Make a significant impact on your organization’s financial performance
- Use proven financial management tools to improve operating performance
- Improve the evaluation and justification process for capital spending proposals
- Increase managerial collaboration on business planning and decision-making
- Make more effective and profitable use of cash resources
- Use financial management tools to make more informed decisions on product discontinuations, product launches, outsourcing, and organizational restructuring
Gain understanding of accounting and financial concepts, and the tools with which to make better business decisions. Enhance your management effectiveness and increase your value to the organization.
- Improve your decision-making skills by integrating financial management concepts into your thinking
- Become conversant with financial statements to better understand how business decision outcomes are reflected in your organization’s financial reports
- Improve your communication with financial managers within your organization and learn how to ask the right questions
- Heighten your financial insights into many business issues such as investments, lease/buy options, investor relations, and financial risk management
- Learn how to go beyond accounting figures to demonstrate your unit’s real economic performance and potential
- Network with a group of experienced managers from a variety of industries and functions
- Learn how to lead a healthy and balanced life through the program's optional Lifestyle Component
Finance for the Non-Financial Manager will help you make better management decisions by improving your financial skills and providing proven financial tools for measurement and evaluation. Session leaders have broad experience in industry and years of executive development experience.
The Program is built around four themes:
Interpreting Financial Reports
Deciphering key financial and accounting 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
Using Financial Tools To Make Better Business Decisions
Assessing your organization’s health and evaluating it's future direction.
- Assessing working capital requirements
- Using financial ratios to improve liquidity, profitability, capital structure and asset utilization
- 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
- Calculating the value of a business
Analyzing Business Investments
Making more effective decisions on capital expenses, capital budgeting, and funding new initiatives.
- Deciding how to finance operations
- 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, and Return on Assets (ROA) to evaluate capital investment opportunities
- Understanding how to use Discounted Cash Flow (DCF), Economic Value Added (EVA), and Cash Value Added (CVA) for operating decisions
Developing a Financial Strategy
Understanding the link between finance and business strategy.
- Understanding how financial analysis fits into the broader decision-making framework
- Reviewing alternate sources and forms of financing
- Creating competitive advantage through tax planning
- Using financial instruments such as swaps, forwards, futures, options and derivatives
- Assessing the financial health of competitors
Session leaders include senior professors from Queen's School of Business and knowledgeable experts from industry. These outstanding teachers are constantly in touch with today's business world through real-world business experience, Board memberships and their own consulting practices.
Dr. Tony Dimnik - Management Accounting and Control, Queen's School of Business
Tony Dimnik is an authority on strategic control systems and the relationship between capital budgeting and strategy. He has contributed to the understanding and practice of Activity-Based Costing and the Balanced Scorecard and his current research is on Open Book Management. He was recently named one of the best university lecturers in Ontario and has served as the chair of the audit committee of several companies. One of his interests is cinema and he often writes and speaks on how accountants are portrayed in the movies. Past clients have included Microsoft, Financial Executives International, Alcan, VIA Rail, Canada Post, Atomic Energy of Canada Ltd., Royal Bank, and Cirque du Soleil.
Dr. Louis Gagnon - Financial Strategy & Risk Management, Queen's School of Business
Louis Gagnon is an expert on capital markets and risk management. His research is published in leading academic journals including the Journal of Financial and Quantitative Analysis and the Journal of Empirical Finance. He is a seasoned practitioner who, while as senior manager at the Royal Bank Financial Group, oversaw global interest rate derivatives exposures and developed risk-management methodologies and policies. He consults for a number of organizations in the finance and non-finance sectors and is actively involved in executive development both in Canada and abroad. He has been quoted extensively in The Globe and Mail, National Post and Toronto Star and featured on national television and radio programs. His recent National Post editorial, “Fees and Leverage”, explains the origins of the credit crisis and provides a five-point plan to reform the financial system.
Mr. John Moore - Financial Accounting, Queen's School of Business
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 six-time winner of the MBA Teaching Excellence Award from Queen’s School of Business; a recipient of the Silver Medal from CMA Canada; a 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.