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Finance for Non-Finance Professionals |
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1/2 day
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Roxanna Dunn
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This class provides employees and managers an understanding of basic financial terms and concepts, enabling them to connect their activities and work products with the company’s bottom line. We survey five analysis techniques for evaluating projects, emphasizing what critical question each techniques seeks to answer so that project engineers and managers can work more intelligently with reps from company finance to assess their project’s potential. We then review the company’s Income Statement and Balance Sheet, applying financial ratios to compare our company’s financial performance with that of several competitors. The course concludes with a case study that asks participants to apply what they have learned and analyze reports as executives would.
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Apply time value of money calculations and concepts – interest rate and discount rate. Examine how schedule delays affect revenue streams and project assumptions. Use net present value techniques to normalize cash flows over time. Use cost/benefit analysis to ensure that a project’s returns exceed its costs. Use Return on Investment (ROI) to see what options give the biggest bang for the buck. Use payback period to determine when we will see a profit. Use breakeven analysis to determine the minimum number of units to be sold. Understand line items on the income statement: revenue, cost of good sold, gross income, operating expenses, depreciation expenses, operating income, interest expense, taxes, profit/loss. Understand line items on the balance sheet: current assets, inventory, long term assets, current liabilities, long term debt equity, retained earnings. Use ratios to compare our company’s financial situation with that of our competitors (or ourselves in a previous period): current ratio, daily sales outstanding, gross profit margin, operating margin, net margin.
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Excellent course! It provided a lot of conceptual ideas that we don't get in one day-to-day work routine.
-Cypress Semiconductor, Operations Engineer
This course was straightforward with concepts clearly explained and good examples given during the whole class.
-Interwoven, Inc., Engineering Manager
Excellent class that focused on applying to daily life in management, justifying your project and understanding the health of your company.
-Hitachi GST, Senior Division Lead
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