Executive Education

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.

Program Overview

This program provides non-financial managers with an understanding of essential financial terminology, concepts and applications. Participants learn to see their organization through a financial lens as they receive insight and personal feedback from world-class finance and accounting professors with nearly 75 years of collective teaching experience.

Participants will:

  • Analyze and interpret commonly used financial information.
  • Gain financial acumen and confidence to positively impact the bottom line.
  • Work more effectively with their organizations' financial executives.

This program emphasizes the application and understanding of financial information - not on its preparation; no prior finance or accounting knowledge is necessary to attend.

Testimonials

"[Financial Management for Non-Financial Managers is] by far one of the most valuable programs that I have been fortunate to experience. This should be required for all decision-makers at all levels of the organization."
Tarik Reyes
Vice President of Business Development
Northrop Grumman Corp.

"[This is a] fast-paced, high-energy program that left me with the knowledge necessary to move forward."
David Hoffman
Senior Counsel
CSX Transportation Inc.

"[The program is] comprehensive, engaging and challenging."
Chhaya Shriram
Whole Time Director
Usha International Ltd.

Related Resources

Audience

This program is for non-financial managers who want to understand and implement key financial information.

No prior knowledge of accounting or finance is necessary, as the program's emphasis is on applying and understanding financial information, rather than its preparation.

Sample Participant Titles

  • Presidents
  • Directors (all levels)
  • Strategic Planning Managers
  • Vice Presidents   
  • Brand Managers

Organizations Recently Represented

  • Northrop Grumman Corp.
  • Philip Morris USA Inc.
  • Siemens Healthcare
  • Smithfield Foods Inc.
  • ThyssenKrupp IT Services North America

Faculty

Haskins

Mark E. Haskins - Faculty Leader

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 also 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.

Faculty Bio Page

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.

Faculty Bio Page

 Luann-Lynch-2013

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.

Faculty Bio Page



Complete faculty information

Key Takeaways

Participants gain insights in four main categories: financial reporting, cost management, performance management and capital expenditures. Specifically, participants will:

  • Become familiar with fundamental financial terminology and concepts.
  • Gain confidence and skill in decision-making and working with financial managers.
  • Identify and apply relevant costing information.
  • Learn the essentials of budgeting and performance assessment.
  • Perform fundamental financial analyses.
  • Understand and use information contained in balance sheets, income statements and cash flow statements.

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

Features

Case Studies

Case studies span small businesses to large, multinational companies, manufacturing companies and service companies, pricing decisions to cost cutting and capital investment decisions, and the cases are decision-oriented as well as descriptive of good business practices and principles.

Annual Reports

The program content is centered on the use of current annual reports of public corporations and the financial information that profiles real-world issues and organizations.

Schedule

  • Day One kickoff reception and dinner
  • Daily sessions and meals at the Darden School
  • Evenings spent in group discussion and/or individual preparation
  • Final day session and lunch

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  • Course Information

    Dates:
    22-27 March 2015


    Image for EE Register Here
    Tuition:
    $8,900 covers materials, meals and accommodations at the Inn at Darden.

    Audience:
    Non-financial managers who want to understand and implement key financial information 

    Certificate:
    Gain one week of credit toward a Certificate of Specialization.

    Location:
    Darden School of Business
    Charlottesville, Virginia

    Additional Information:
    +1-434-924-3000 or contact the program director.