This course will introduce people with little or no financial studies background to the basics of finance that drive your company.
CEUs: .60 (6.0 Clock Hrs)
Objectives: This course will introduce and explain the basic finance terms, concepts, and tools. Participants will explore how to speak the language of finance as well as read and understand the typical reports used by the finance and business leaders in the company.
Who should attend: All individuals with experience working in a business environment
Learning Outcomes: Upon completion of this course, the learner will be able to:
- Define the purpose of the Income Statement, the Balance Sheet and the standard entries on these reports.
- Examine the critical nature of cash flow in the organization, and how it is often not well represented in the Income Statement and Balance Sheet
- Compare and contrast the operation of privately held and publically held companies, including the ways in which each is financed.
- Discuss the potential business impact that comes from investing in programs because of inflation, market conditions and overall risk
- Identify methods and considerations associated with tracking the costs of employment (wage and salary costs, benefits costs, and indirect costs)
- Estimate the return on the investment made in programs and projects in terms that appeal to the CFO