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Executive Education

Finance for the Non-Financial Manager

One Day Overview

The ability to properly interpret and effectively use financial information is key to making informed managerial decisions. For non-financial managers, untangling the web of terminology, financial statements, and practices is an essential and sometimes difficult task. Gain the advantage you need by attending this program.

In six hours, we will work through the terminology, statements, reports, and practices that stand between you and an understanding of this topic. This program is designed to provide an understanding of the key concepts in finance and financial reporting, and the vocabulary to discuss it with colleagues by blending broad financial principles with the practical information you need.

5 Day Program

The West Virginia University Center for Executive Education's Finance for the Non Financial Manager Course is designed to teach the fundamentals of basic finance and accounting and provide a working knowledge to executives or managers who are either new to financial concepts or who wish to update their knowledge. This course is taught from the perspective of a reader of financial documents and budgets versus the perspective of one who would generate the data. Mid to upper level managers and executives from all functional areas who want to improve communication with people in financial areas, contribute to financial decisions, and better understand the impact of strategic decisions on shareholder value should attend. This course addresses the needs and concerns of managers of non-financial areas who may not have formal training in the uses and reporting of financial information. Prior knowledge of accounting or finance is not necessary.

As a participant you will become familiar with financial statements, learn where the information on those statements originates and how that information is captured. You will learn how to use and analyze financial and accounting information to run your department more efficiently and effectively. We will begin with an overview of the accounting cycle, not to teach you to become accountants, but rather to make you aware of the accounting cycle, and how that cycle builds the financial statements. We will use examples and models to explain the concepts.

As a result of attending participants will:

  • Communicate more effectively with the financial executives
  • Learn how financial data is generated
  • Learn how financial data is reported
  • Learn how to use financial data for decision-making, analysis, and valuation