Finance for Non-Financial Managers (FNFM8)

Many people advance to a management level based on subject-matter expertise, and quickly assume financial responsibilities such as departmental budgets and financial statements. This course is for the manager or engineer who does not possess a significant financial background, but whose performance would improve with a better understanding of departmental monthly financial reports and the transactional origins behind the numbers.

This course introduces participants to commonly used financial terminology and performance measures so they can make sense of the “dollars and cents,” and learn to make better use of financial information in everyday work life. Material includes:

• Economic decision-making concepts
• Construction and interpretation of the three types of financial statements: balance sheet, income statements and cash-flow statements
• The importance of financial ratios and other performance measures, what they mean, and how to use them
• Use of financial statements to assess the enterprise’s operational and financial health
• Project cash flows and return on investment

Hours: 8

• Gain familiarity with finance and accounting terminology
• Be better equipped to seek out and understand financial information, use financial information day-to-day, and interact effectively with finance department personnel

The manager or engineer who does not possess a significant financial background, but whose performance would be improved with a working knowledge of financial statements and related concepts

None

8:30 am to 12:30 pm

December 10-11, 2024

Baird Incubator, Room 206/208

1576 Sweet Home Road

Amherst, NY 14260

Click here for a map.

As a business strategist, Julie builds bridges between operations, sales, marketing and finance to better support business objectives and drive profitable growth. Her background includes 25 years of experience in corporate finance and management consulting, with a particular expertise in cost and profitability modeling. Clients value her perspective, and her ability to seamlessly transition from discussing process waste or production defects with personnel on the shop floor to discussing strategy with executive leadership.  “C-level” executives, especially in smaller companies, value her business acumen and extensive experience in multiple industries. She has worked with clients from many different industries, including manufacturing (engineer-to-order industrial products, food/beverage, pharmaceutical, medical device manufacturers, packaging materials, automotive, aerospace/defense), not-for-profit, healthcare delivery, health insurance, warehousing & distribution, real estate development, higher education, and banking. Her most notable consulting assignments include the identification of over $4 million in cost savings for a heavy equipment manufacturer, and the development of a strategic product costing model for a beverage manufacturer and distributor.

$495

To register for this course, the fields below must be filled in before proceeding to payment.