Accounting & Finance for the Non-Financial Manager

This course will guide you through the financial decision making process from start to finish.

Details

2019 Date: TBD

$2,450

8:00am - 5:00pm

Includes tuition, course materials, parking and most meals.

All participants are required to bring a Texas Instruments Business Analyst-II+ Financial Calculator.

This class is part of the Finance Certificate Program.

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About the Program

Finance is about making investment and managerial decisions in the face of uncertainty, based on economic information gleaned from the balance sheet and income statements, macroeconomic announcements or other economics news.

Accounting & Finance for Non-Financial Managers is divided into three, one-day sections: financial accounting, managerial accounting and corporate finance. Over these three days, this course will guide you through the financial decision making process from start to finish.

Agenda

Monday - Financial Accounting (Mr. David Ravetch)

  • Basic accounting principles
  • Reporting
  • Transaction Analysis
  • Elements of financial reporting
  • Financial statements
    • Income statements
    • Balance sheets
    • Statements of cash flows

Tuesday – Managerial Accounting (Mr. David Ravetch)

  • Valuing a project from start to finish
  • Management accounting in different organizations
  • Cost/volume/profit analyses and decision making
  • Marginal costs and inventory management and recording


Wednesday– Corporate Finance (Dr. Dave Newton)

  • How to finance a project
  • Capital budgeting and project choice: which project to undertake
  • Valuation in the presence of debt
  • Thinking and quantifying financial risk
  • What we can do to mitigate risk exposure
  • Optimal portfolio allocation: investing for retirement
  • Understanding financial statistics


Learning Objectives

  • Reading and interpreting balance sheet and income statements
  • Synthesizing that information into financial models
  • Making decisions based on these models
  • Understanding the limits of financial modeling
  • Key aspects of managerial accounting
  • Understanding overhead allocations and the cost/profit/volume relationship

Course Faculty

David Ravetch has been teaching undergraduate accounting for many years at UCLA. A few years ago, the California Society of Certified Public Accountants, Committee on Accounting Education awarded him their Faculty Merit Award. In the fall of 1995, under the guidance and direction of David, the Accounting Minor was the first approved minor at UCLA. David was named as the Director of the Undergraduate Accounting Program by the Anderson Graduate School of Management.

Dr. David Newton is a full-time new venture consultant, and has taught in the Rady Center for Executive Development since 2013. His consulting focuses on high-tech product strategies and innovative online learning platforms. For 28 years he was a full-time professor at UMass-Amherst, Westmont, and the Pepperdine MBA program. The Freedoms Foundation of Valley Forge named him its 2008 National Leavey Award Winner for Excellence in Private Enterprise Education, and he has been a national Master Teacher of Entrepreneurship at the Experiential Classroom symposium every year since 2004. Previously he served as: Chief Economist at Hispanic Business magazine (Jan-Dec, 1994); Editorial Review Board - Journal of Small Business Strategy (1993-1996); Contributing Editor on Growth Capital at Industry Week Growing Companies magazine (1998-2000); Moderator for small-cap stocks at eRaider.com (1999-2001); and Contributing Editor on Small Firm Finance at Entrepreneur magazine (2000-2005).

Dr. Newton has consulted to over 500 firms since 1984, and authored/co-authored over 190 published articles and 10 books including: 1- the ground-breaking Entrepreneurial Ethics (Kendall-Hunt, 1997), 2- How To Be A Small-Cap Investor (McGraw-Hill, 1999) – selected the November ‘99 book-of-the-month by Money magazine, and awarded a 1999 Top-10 Books in Investments and Finance by Forbes magazine, and 3- Job Creation (E3 Free Market Press, 2010 - Foreword by Arthur Laffer). His latest book is The Misguided History Of American Taxes (2016, Foreword by Fred Barnes). He continues to speak extensively throughout California and the U.S., as well as in Europe.

 

*The Rady School of Management Center for Executive Development (CED) may change, postpone or cancel a class at any time.  We do not provide refunds for any fees related to travel, including but not limited to gas, bus fare, train tickets, airline tickets, etc.  Certificate requirements may also change. We will provide as much notice as possible should this occur.