Upon successful completion of this course, participants will be able to: Chapter 1 Recognize the different types of accounting principles, and the nature of the realization concept. Cite the stages in the accounting cycle. Specify the activities that are part of the financing, purchasing, payroll, and sales cycles. Specify the requirements of the accrual method of accounting. Chapter 2 Identify the uses of each of the financial statements. Specify the sources of retained earnings. Chapter 3 Recognize how the different ratios and other analyses are used to interpret financial statements. Chapter 4 Recognize the contents of the cost of capital, and how it is calculated. Identify the reason why preferred stock is more expensive than debt. Specify the circumstances under which different debt values can be used in the cost of capital. Chapter 5 Specify the basis for the use of discounted cash flow analysis. Recognize the concept of an annuity. Chapter 6 Cite the uses for net present value analysis, the internal rate of return, the payback method, and real options. Specify the ranking of criteria used to evaluate investment proposals. Recognize the rules for investing in a complex environment. Identify the concerns with using the accounting rate of return. Chapter 7 Recognize why financial leverage can be so beneficial, as well as its dangers for a business. Specify the reasons why managers are more likely to use financial leverage. Identify the triggering events for a capital structure analysis. Recognize the effects of a tax shield, and how it works. Specify the different types of loan covenants. Chapter 8 Cite the different types of strategies that can justify an acquisition. Identify the sources of financial information about publicly-held businesses. Recognize the different documents used in the purchase and sale of businesses. Specify the motivations of a financial buyer. Chapter 9 Recognize the different methods used to value a business, and how each one can be adjusted. Chapter 10 Identify the effects of consistent earnings on a firm's stock price. Cite the characteristics of businesses that can retain risk. Identify the characteristics of an enterprise risk management system. Identify the types of information included in a risk profile. Chapter 11 Specify the steps involved to build a product within a target costing program. Recognize the uses to which the R&D waste measurement can be put. Identify the actions that can be taken to manage inventory levels. Chapter 12 Recognize the different types of pricing strategies. Specify the risks associated with marketing, and how they can be mitigated. Recognize the calculation for lifetime value. Chapter 13 Identify the methods used to aggregate information into a revenue budget, and the issues with an excessively detailed level of reporting. Recognize the risks associated with sales, and how they can be mitigated. Chapter 14 Specify the basic concepts that underlie constraint analysis, as well as the calculation of throughput. Cite the circumstances under which a product can be justifiably cancelled. Identify how a business can achieve a high quality of design. Recognize the different types of quality costs. Specify the components that comprise a material requirements planning system. Cite the methods used to achieve short production runs. Chapter 15 Identify the items to review as part of a supplier assessment. Recognize the issues to be addressed when considering a foreign supplier. Specify the advantages of a stable production schedule. Chapter 16 Cite the tools available for bulk hiring. Identify the methods used to examine a resume. Recognize the purposes of telephone screening. Specify the impact of the cloning effect on the hiring process. Chapter 17 Cite the essential components of a team. Rank the different levels of communication methods within a team. Chapter 18 Recognize the effects of the stakeholder perspective on ethical decisions. Specify the reasons why people tend to overlook ethical issues. Chapter 19 Identify the steps used in the development of a strategy. Chapter 20 Specify the characteristics of opportunity costs and implicit costs. State the situations in which price ceilings and price floors are imposed. Recognize the situations in which marginal analysis is used. Identify demand shifters and supplier shifters, and their impacts. Specify the situations in which demand can be elastic or inelastic. Identify the situations in which economies of scope can be employed.

Accounting Basics The interpretation of Financial Statements Discounted Cash Flow Techniques Capital Structure Analysis Business Valuation Product Development Supply Chain Management Building and Managing Teams Business Strategy