Finance & Accounting for Non-Finance Managers

Finance & Accounting for Non-Financial Managers

The Language of Business.

As a manager, leader or professional in your organization, the knowledge of accounting and finance principles is crucial to achieving business and career success.  Accounting is often called, “the language of business”.  Regardless of function, professionals wanting to provide more value in their organization and career need a strong foundation in accounting and finance. This program is for non-financial professionals from all functional areas of any industry, for-profit and non-profit.


8 Module Program & Capstone Project

This program has been postponed. More information to come. 

Questions? 

Please contact: Pamela Preston | Program Specialist

ppresto2@uccs.edu | 719-255-4725

     

    Who should attend?

    This program is designed for non-financial managers in all functional areas of for-profit and not-for-profit organizations.

    • Mid- to senior-level professionals in general management, corporate planning, marketing and sales, engineering or other relevant functional areas from any size company, any industry, for profit and not-for-profit
    • Anyone in a mid to upper level position who would like a stronger handle with reading financial statements and making financially based decisions.

    Learning Objectives: The participant will be able to

    1. Understand the number side of your business or organization

      See the dollars and cents of your business or organization and how business decisions affect every penny.

    2. Comprehend how short-term assets & liabilities, long-term assets & methods work and how to finance these assets
    3. Develop competency to improve financial performance and efficiency

      Enhance your capabilities to understand and work with finance specialists.

    4. Learn about ethical behavior in reporting financial information
    5. Understand conservatism & discretion in the preparation of financial statements
    6. Develop a fundamental knowledge of financials

    Application of Learning

    This program is an executive education offering, meaning that it includes theory, research and evidence-based practices on the topic of Financial Management. The program will also cover strategies of how to apply the theory and evidence-based practices into your own organization and specific industry. Participants of this program will immediately apply learning and new skills through an individual capstone project.

     

    What you will Learn

      1. What is the language of Business?
      2. Business Objectives
      3. Accounting Principles & Assumptions
      • GAAP
      • Cash vs. Accrual
      • Revenue Recognition
      • Matching Principle
      • Conservatism
      • Estimates & Accruals
      1. Purpose
      2. Structure
      3. Analysis
      • Irregularities & Red Flags
      • “It’s in the footnotes”
      1. Proforma Financial Statements
      2. Cash Budgets
      3. Planning & Control: Identify Strengths and Weaknesses
      4. Why everyone loves hates budgeting.
      5. How to create a budget
      1. Costs: Variable vs. Fixed
      2. Shared vs. Support Costs
      3. Decision-Making
      4. Break-Even Analysis
      5. Variance Analysis
      1. Managerial Decision-Making
      2. Finding Problems
      3. Knowing your liquidity, debt & performance activity
    • Session 6) Working Capital Management

      1. Understanding:
      • Cash
      • Receivables
      • Payables
      • Inventory
      • Cash Conversion Cycles
      • Holding cash
      • Short-term Loans
      1. Working Capital Strategies
      • Matching assets vs. liabilities
      • Aggressive vs. Conservative approaches
      • Strategies: pros vs. cons
      1. Introduction to Methods of Analysis
      2. Cash Flows
      3. Incremental outflows vs. inflows
      1. Estimating your cost of capital
      • Cost of Debt
      • Cost of Equity
      1. Pros and Cons of Leverage
     

    Program Details

    Schedule
    • This program has been postponed. Please check back for program dates at a later time. 

     

    Format

    This professional development program consists of the following elements to create a strong learning environment:

    • Lecture
    • Discussion
    • Interactive exercises
    • Real-world examples
    • Real-time implementation of tools and strategies
    Fees

    Regular Registration: $2,500

    Discounted Registration (CU Students, Staff, Faculty, and Alumni): $2,300

    *Alumni from any CU institution and/or OPED executive education programs are eligible for Discounted Registration rates.

    *Email Pamela Preston at ppresto2@uccs.edu for discount code to enter at registration.

     

    What You Will Receive

    Participants who successfully complete the Finance & Accounting for Non-Financial Managers program and capstone project will receive a Certificate of Completion from the University of Colorado Colorado Springs, signed by the dean of the UCCS College of Business. Participants will only receive a Certificate of Completion from the UCCS College of Business if all sessions are successfully completed.

    Program Fees Include

    This program includes the following:

    • Program materials and handouts
    • Book(s)
    • Light breakfast, snacks and beverages
    • Parking at the university
    • Certificate of completion
    Cancellation Policy

    We understand that professionals occasionally have changes in plans or schedules that will result in their not being able to attend the program as planned. If you wish to cancel and receive a full refund, you must submit your request in writing via email to OPED@uccs.edu at least 5 business days prior to the program start date.

    Meet the Facilitator - Tom Zwirlein, PhD
    Thomas J. Zwirlein is Emeritus Professor of Finance at the University of Colorado Colorado Springs. He was also the previous Director of the Southern Colorado Economic Forum (now the UCCS Economic Forum). In his role as Forum director, Tom had responsibility to monitor the regional economy in El Paso County and the greater Pikes Peak region. His teaching experience includes stints in England at Aston University, in Finland at the Helsinki School of Economics and Business Administration (now Aalto University School of Business) and Germany at the Frankfurt School of Finance and Management.
    Meet the Facilitator- Lisa Stein, MA & CPA
    Lisa Stein currently serves as a Business Lecturer for the University of Colorado Colorado Springs, instructing Accounting and Internal Audit courses as well as a Financial Risk Management Consultant. The culmination of her Public Accounting experience occurred as a Senior Auditor at Arthur Andersen serving on the Enron Corporation engagement, where she witnessed the procedural and ethical failings of the financial audit. She went on to serve as the Director of Internal Audit for an international not-for-profit, where she established the audit processes, performed risk management services and fraud investigations, and advised management regarding the stewardship of resources.

    Finance & Accounting for Non-Financial Managers