Managerial Finance and Accounting for Non-Finance Managers

A comprehensive exploration into essential financial principles and practices to empower effective decision-making.

Course Description

This course equips professionals with vital accounting and finance skills necessary for decision-making. Through exploration of planning, decision-making, and controlling functions, attendees deepen their understanding of finance and accounting in a managerial context, including techniques like activity-based costing.

What Students Will Learn

• Basics of Accounting
• Process Costing
• Cost Allocation
• Activity-Based Costing
• Cost Analysis for Decision Making
• Budgeting and its importance in financial planning
• Variant Analysis

Prerequisites

No specific prerequisites are required for this course, making it accessible to anyone interested in enhancing their managerial skills through better understanding of finance and accounting.

Course Coverage

• Understanding financial statements and their impact on decision-making
• Learning different costing techniques, including activity-based and process costing
• Exploring methods of cost allocation and absorption
• Analyzing financial information for strategic planning
• Implementing budgeting processes and understanding their strategic importance
• Conducting variance analysis to monitor and control operational performance

Who This Course Is For

This course is ideal for non-finance professionals who aspire to gain a clearer understanding of finance and accounting principles to enhance their decision-making capabilities in managerial roles, or for anyone interested in the financial operations of businesses.

Real-World Application

Skills learned in this course can be applied directly to managing budgets, forecasting financial needs, making informed strategic decisions, and optimizing cost efficiency across various departments within an organization.