Financial Management for Non-Financial Managers

  • Virtually every manager needs a solid grasp on the numbers side of business. This "crash course" in finance equips managers from all backgrounds with the critical skills needed to compete in today's complex economy and, ultimately, boost their bottom lines.

     

  • At a Glance

    Become a more valuable and strategic leader while expanding your cross-functional influence. In Financial Management for Non-Financial Managers, you'll learn the essentials of finance and accounting, including financial reporting, cost management, performance management and capital expenditures, then go back to work with the ability to manage your own bottom line.

    The Program

    In this program, you'll build fundamental financial skills, including your ability to record business transactions, read financial reports, identify relevant cost information, budget and assess performance, and analyze working capital, discounted cash flow, and capital expenditures. You'll practice applying the details of balance sheets and income and cash flow statements, and you'll interpret big-picture stories as told through financial data in annual corporate reports. Guided by experts in accounting, financial analysis, tax policy and business ethics, you'll work through case studies to make decisions around pricing, cost-cutting and capital investment, and refine your ideas against real-life strategies and outcomes.

    Where You'll Excel

    • Analyze and interpret financial information and reports, including cash flow statements and business unit portfolio.
    • Review typical models of cost allocation among units, products and services and spot how those models can be improved.
    • Make data-driven comparisons between the performance of business sectors.
    • Pinpoint areas for cost savings across your organization.
    • Fit key financial concepts into your corporate strategy.
    • Perform basic financial analyses to inform your day-to-day operations.    

    Schedule & Topics

    • Understanding and Recording Business Transactions
    • Financial Reporting to Owners
    • Financial Statement Analysis
    • Strategic Cost Management
    • Discounted Cash Flow Analyses
    • Planning, Budgeting and Performance Measurement
    • Creating Value
    • Capital Expenditure Analysis
    • Working Capital Management

    Outcomes

    After you complete Financial Management for Non-Financial Managers, you'll walk away with:

    • A firm grasp on finance terminology, concepts and application
    • Self-reliance and skills for navigating financial challenges in partnership with, not dependence on, your accounting and financial team
    • Increased confidence in your choices and how they benefit the bottom line
    • The ability to translate financial reports and cost analyses into meaningful feedback for your team
    • Greater influence and reach across silos to align organizational goals

    Participants

    This program is designed for decision-makers and managers who lack formal financial training and want to understand and implement key information without extensive number-crunching. It's most beneficial for those who believe quantitative feedback can and should guide their teams and want to interpret source data through the lens of their own strategic thinking.

    Participants will not be expected to prepare or create financial statements, so no prior knowledge of finance or accounting is necessary.

    Faculty

    Mark E. Haskins

    Professor of Business Administration
    A former auditor, Haskins began teaching at Darden in 1984; his courses include Financial Reporting, Financial Accounting, Managerial Accounting and Business Ethics. Author or co-author of eight different books (several with multiple editions), he has privately consulted as well as designed and delivered Darden Executive Education programs for numerous organizations, ranging from branches of the U.S. military to companies such as AES Corp., IBM, Norfolk Southern Railway Co., Aetna Inc., Rolls-Royce and MCI.

     

     

    Mary Margaret Frank

    Associate Professor of Business Administration
    A member of the Accounting faculty and an academic director for the Institute for Business in Society (a Darden Center for Excellence), Frank has been repeatedly recognized for her expertise in tax policy and tax education, as well as for her teaching. She has interest in public-private partnerships, health care topics and other areas as well. She previously worked as a senior tax consultant with Arthur Andersen & Co., as a CPA for the state of North Carolina, and in consulting for GE Capital.

     

     

    Luann J. Lynch

    Professor of Business Administration
    An accounting professor with multiple teaching accolades, Lynch began her career as a financial analyst for Procter & Gamble and later worked at Roche Biomedical Laboratories Inc., where she was a manager of corporate pricing before becoming assistant vice president and director. Her industry experiences fuel her research interest in the design and impact of accounting, incentive and compensation systems. She has co-authored several books and manuals on management accounting.

    Location & Accommodations

    Darden School of Business
    Charlottesville, Virginia

    As a participant, you'll stay in a private room at the  Inn at Darden, our highly rated hotel adjacent to the classroom buildings and dining center. Accommodations are included in your tuition.

    Tuition & Certificates

    $8,900 covers materials, meals and accommodations at the  Inn at Darden.

    By taking this course, you will earn one week of credit toward a  Certificate of Specialization.