Accounting, Decision Making & Financial Communication

Course Description

(Objectives)        

Understand the content of and relationships between financial statements (income statement, balance sheet, and statement of cash flow

• Understand how to use financial statements to evaluate the financial performance of an organization
• Understand discounted cash flow (DCF) techniques and their application to financial decision making
• Understand how profit margin, asset utilization, and financial leverage are used by managers to maximize the return to investors
• Understand the budgeting process, including performance evaluation
• Understand cost behavior and its impact on management decisions
• Understand the need for and the methods used to allocate overhead
• Communicate and to question financial information effectively

(Participants)        

Attendees are expected to be intellectually curious with a commitment to learning that requires significant personal effort. The nature of the course and of the materials dictate that interaction, commitment, and debate are the core components of the learning process. While no particular level of prior knowledge is needed, there is an assumption that the attendees are committed to immersing themselves in a learning situation.