Leadership

Executive Education Courses

Custom Solutions

Courses can be conducted onsite at your organization or modified to suit your organization’s needs. We offer custom solutions in aerospace and defense, global supply chain management, healthcare and strategic leadership. Contact our industry representatives for more information.

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Module 4 - Finance for Non-Financial Managers

Course Description

Emerging Leaders Module 4

Managers oftentimes are promoted into their position based on their performance as an individual contributor or supervisor.  Many managers do not have business degrees or it’s been some time since they needed to use finance and/or accounting concepts.  Despite this, they are asked to make business decisions that impact the financial health of their organization.

Managers often struggle with understanding how their decisions impact their organization’s financial bottom line.  Leaders across the organization need to understand financial statements, contribution margin, working capital, and cost allocation to ensure that they make informed business decisions.  Finance for Non-Financial Managers uses easy-to-understand examples of typical business decisions and explains how each decision impacts overall company performance. Participants work in teams throughout the two days analyzing business scenarios to optimize financial outcomes.

Key Objectives

Participants will learn to:

  • Read and understand the balance sheet for service and manufacturing firms
  • Read and understand the income statement for service and manufacturing firms
  • Analyze financial statements
  • Perform a RONA analysis and apply to a supply chain
  • Use revenue, cost, and margin information for decision making
  • Apply process value analysis
  • Apply multi-level break-even and incremental analysis
  • Use Throughput Accounting and cost of capacity to optimize fixed resources

Available Industries: Leadership

Duration & Dates

2 Days

  • October 17, 2017 - October 18, 2017

Lea Anne Law, Director
+1 (865) 974-1622

Becky Powell, Program Coordinator

Location

This course is offered at the University of Tennessee, Knoxville.

Faculty

Jim Reeve

Jim Reeve joined the faculty of the University of Tennessee in 1980 after completing his BSBA and MBA from Drake University and the PhD from Oklahoma State University.   At ...

Cost

Individual two-day modules cost $1,600.