Upon successful completion of this course, participants will be able to: Chapter 1 • Identify the non-financial manager's concern with financial planning; and

• Recognize the responsibilities of financial managers; and

• Distinguish between different business entities. Chapter 2

• Identify the importance of cost data; and

• Define different types of costs and their allocation. Chapter 3

• Recognize financial components critical to decision analysis; and

• Identify the concept of contribution margin; and

• Recognize the contribution margin ratio. Chapter 4

• Recognize the relationships between costs, volume, and profit; and

• Identify the computation used for break-even sales; and

• Identify key financial ratio concepts. Chapter 5

• Identify relevant costs in the manufacturing process; and

• Recognize components for making financial decisions; and

• Identify costs used in future business directions. Chapter 6

• Identify the importance and value of sales forecasts; and

• Recognize how sales forecasts and budgets affect other operational budgets. Chapter 7

• Identify variance analysis and its usefulness to financial analysis; and

• Recognize when variance analysis should be applied; and

• Identify cost variances. Chapter 8

• Identify components of working capital; and

• Recognize methods to finance an asset; and

• Identify ways to improve cash management; and

• Recognize ways to accelerate cash receipts or delay cash payments. Chapter 9

• Recognize ways to improve the rate of return with accounts receivable and credit; and

• Identify and analyze accounts receivable values. Chapter 10

• Recognize inventory management considerations; and

• Identify ways to optimize the economic order quantity. Chapter 11

• Recognize future values and different loan types; and

• Recognize the concept of the time value of money; and

• Identify capital rationing decisions. Chapter 12

• Recognize each of the basic capital investment analysis techniques; and

• Recognize the various types of depreciation methods; and

• Compute the ROI on an investment. Chapter 13

• Recognize effects on the rate of return on investments (ROI); and

• Identify the basic components of the Du Pont formula used to improve profit. Chapter 14

• Recognize the types of responsibility centers; and

• Recognize the value of transfer pricing. Chapter 15

• Identify sources of short-term financing; and

• Recognize the value and process of issuing commercial paper and other financing activities. Chapter 16

• Identify intermediate-term bank loans; and

• Recognize the advantages of revolving credit. Chapter 17

• Identify the process of investment banking; and

• Recognize issues for venture capital financing; and

• Recognize examples of types of long-term debt and their usefulness; and

• Identify examples of equity securities. Chapter 18

• Recognize the different financial statements and their uses; and

• Identify the major components of the balance sheet. Chapter 19

• Recognize the double-entry system and the accounting equation; and

• Recognize how to apply transaction analysis to simple business transactions in terms of the accounting model: Assets = Liabilities + Equity; and

• Identify the entries entered into the journal; and

• Recognize how certain transactions affect the balance sheet. Chapter 20

• Identify different financial ratios and how they are used.

Essentials of Accounting and Finance Types of Cost Data and Cost Analysis Contribution Analysis Break-Even and Cost-Volume Profit Analysis Cost Data Analysis Forecasting Cash Needs and Budgeting Cost Control and Variance Analysis Financial Assets Accounts Receivable and Credit Inventory Time Value of Money Capital Investment Decisions Managerial Performance Measures Short-Term Financing Options Intermediate-Term Financing Long-Term Debt and Equity Financing Uses of Financial Statements Accounting Conventions and Recording Financial Data Financial Health and Fitness