Certificate in Advanced Finance for Non-Finance Professionals - Virtual Learning

Certificate in Advanced Finance for Non-Finance Professionals - Virtual Learning

Why Attend

Many non-financial professionals and managers find themselves required to make decisions that have significant financial implications. Such decisions vary from operating decisions (e.g., hiring staff, evaluating special orders) to investing decisions (e.g., opening new branches, adding a new service or product line) to financing decisions (e.g., securing financing for new initiatives or projects). Whereas non-financial managers provide the technical and operational expertise necessary to make informed decisions, they must be able to evaluate these decisions financially as well. This course presumes that participants have already taken the Finance for Non-Finance Professionals course and/or are aware of the basic financial concepts. 

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Overview
Course Methodology

This course utilizes a workshop, hands-on approach to apply the learned material on real-life scenarios and exercises.

Course Objectives

By the end of the course, participants will be able to:

By the end of the course, participants will be able to:

  • Identify the major accounts on the financial statements and their relationship with the key financial ratios
  • Utilize breakeven and operating leverage concepts to evaluate operating decisions
  • Calculate Net Present Value (NPV) to evaluate proposed investment opportunities and projects
  • Compare various financing options and highlight the impact of each option
  • Identify types of risks across various operating, investing and financing decisions
Target Audience

Managers, supervisors, department heads, and professionals who have taken the basic finance for non-finance course and would like to advance their financial skills to a higher level.

Target Competencies
  • Analyzing financial ratios
  • Calculating breakeven point
  • Evaluating Net Present Value (NPV)
  • Identifying risk factors
Note

This course is worth 25 NASBA CPEs

Course Outline
  • Overview of Key Concepts in Accounting and Finance
    • Key financial statements: Income statement, balance sheet and cash flow
    • Summary of accounting considerations for major accounts:
      • Key financial ratios:
        • Profitability ratios
        • Liquidity ratios
        • Debt ratios
        • Activity ratios
    • The three pillars of finance:
      • Operating, investing and financing decisions
  • Operating Decisions
    • Managerial accounting concepts:
      • Types of cost behavior: Fixed costs, variable costs and step costs
      • Relevant costs, sunk costs and opportunity costs
    • Breakeven analysis
    • Operating leverage
    • Evaluating operation decision options:
      • Extending credit to customers
      • Hiring additional staff
      • Outsourcing decisions
      • Accepting special orders                                   
  • Investing Decisions
    • Overview of time value of money
    • Cost of capital
    • Evaluation methods:
      • Net Present Value (NPV)
      • Internal Rate of Return (IRR)
    • Evaluating investing decision options:
      • Mid-term and long-term projects
      • Contracts with customers and suppliers
      • Valuation of companies
  • Financing Decisions
    • Characteristics of debt vs. equity financing
    • Types of debt financing
    • Evaluating financing decision options:
      • Short-term vs. mid- and long-term debts
      • Impact of interest rates
    • Setting up company for an Initial Public Offering (IPO)
  • Introduction to Risk Management
    • Definition and importance of risk management.
    • Enterprise Risk Management Process (Identify, Assess, Treat, Review)
    • Types of financial risks: Operational, market, liquidity, credit, and strategic risks
    • Identifying risks across financial activities
      • Operating activities: Expense variability and inefficiencies
      • Investing activities: Market volatility and Return on Investment (ROI) uncertainty
      • Financing activities: Interest rate fluctuations and liquidity challenges
    • Simple tools for risk assessment
      • Risk prioritization using a basic impact vs. likelihood matrix
MPC
MPC Certifications
Meirc Professional Certificate (MPC)

MPC certified courses by Meirc Training & Consulting are designed for those willing to challenge themselves and go the extra distance. Participants who fully attend an MPC course and successfully complete the test on the last day, will receive a Meirc Professional Certificate (MPC), in addition to the one they receive for full attendance. MPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

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