Finance for Non-Financial Managers

Description

Finance for Non-Financial Professionals is a sixteen hour session focused on explaining and understanding basic costing models, break-even point calculations and the general interpretation and use of the most common financial statements in any business. At the end of this workshop, participants will recognize the basic costing elements for a product or service, understand the difference between the absorption and variable costing methods and will be able to read an Income Statement, Cash Flow Statement and a Balance Sheet.

Training Information

Introduction to Finance and Accounting:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Retained earning Statement

Financial Analysis and Managing Operating Performance:

  • Ratio Analysis
  • Financial Information Analysis

Managing Short and Long-Term Assets

Capital Investment Decision Making

Managing Liabilities:

  • The Liabilities of the Business
  • Short - Term Liabilities

Equity and Financial Planning:

  • The Business Plan
  • Strategic Plan
  • Operative Plan / Annual Budget

Corporate Governance:

  • Major Corporate Scandals
  • Sarbanes-Oxley Act of 2002

Hector Ramirez worked for 33 years in the Supply Chain and Manufacturing areas for the steel, earth moving and automotive industries. An Industrial Engineer with a Masters Degree on International Management, he held several positions within the organizations he's participated, including: Purchasing Manager, Supply Chain Department Head, Manufacturing Manager, Operations Facility Manager. Through his career Mr. Ramirez worked in several different countries, and besides his operating experience has participated or led multinational teams on green field plant construction projects, global product sourcing projects and IT systems re-engineering or implementation projects. His latest responsibility was the rehauling and start-up of a 500 employees automotive Tier 2 stamping facility.

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