This introductory series provides managers with a basic understanding of financial management. It demonstrates how to read and understand key elements of financial statements and reports, such as balance sheets, income statements and cash flow statements. Participants also learn how to apply basic financial and accounting principles to budget preparation and analysis.
Who should take this course:
Managers, analysts, consultants, project leaders, accountants, auditors, and others who seek a broad, yet comprehensive understanding of managerial financial tools and analytical methods used by successful operating managers to make better business decisions.
Prerequisites:
None
Training Hours/CPE Credits:
6
Modules
Introduction to Financial Management
Module Code
:
crcn_1086
Level
:
Basic
Training Hours/ CPE Credits
:
1
Module Description:
crcn_1086
Learning Objectives:
After completing this module, you'll be able to:
Recognize the goals of financial management
Define key accounting concepts
Key Financial Statements
Module Code
:
crcn_1087
Level
:
Basic
Training Hours/ CPE Credits
:
1
Module Description:
This module covers how to read a balance sheet, an income statement, a statement of cash flow, and how to interpret notes to financial statements.
Learning Objectives:
After completing this module, you'll be able to:
Recognize the use and characteristics of a balance sheet
Recognize the use and characteristics of an income statement
Identify a cash flow statement and how to use it
Recognize the use and characteristics of the notes to financial
GAAP and Audits
Module Code
:
crcn_1088
Level
:
Basic
Training Hours/ CPE Credits
:
1
Module Description:
This modules provides an overview of Generally Accepted Accounting Principles (GAAP) and audits.
Learning Objectives:
After completing this module, you'll be able to:
Recognize the purpose and characteristics of Generally Accepted Accounting Principles (GAAP)
Identify the importance and characteristics of an audit and that of its primary documentation
Recording Financial Information
Module Code
:
crcn_1089
Level
:
Basic
Training Hours/ CPE Credits
:
1
Module Description:
This module covers how to record and interpret financial information in journals and ledgers. It begins by discussing definitions and examples of double-entry bookkeeping, debits, credits, journals, and ledgers. Then about how to record financial events into the journals and ledgers.
Learning Objectives:
After completing this module, you'll be able to:
Define double entry bookkeeping concepts in relation to the accounting equation
Compare the functions and contents of a ledger and a journal
Budgeting for Nonfinancial Managers
Module Code
:
crcn_1090
Level
:
Basic
Training Hours/ CPE Credits
:
1
Module Description:
This module provides an overview on preparing and using a budget.
Learning Objectives:
After completing this module, you'll be able to:
Identify the different types of budgets
Describe the elements necessary to prepare a basic budget
Analyzing and Benchmarking Financial Information
Module Code
:
crcn_1091
Level
:
Basic
Training Hours/ CPE Credits
:
1
Module Description:
This module provides an overview of analyzing and benchmarking financial information
Learning Objectives:
After completing this module, you will be able to:
Identify specific tools for analyzing and benchmarking financial information
Discuss the time value of money
