Finance for Non Financial Managers Matt H. Evans

Transcript:Finance for Non Financial Managers Matt H. Evans:
Finance for Non Financial Managers Matt H. Evans CPA, CMA, CFM 25 years + in Accounting & Finance Former Controller, Financial Manager, Senior Analyst, etc. Formal Training includes Wharton Business School and J.L. Kellogg Graduate School of Management Work & live here in D.C. area 2 About You Your Name Your Title Your Organization What you hope to gain from this workshop 3 Learning Objectives as it relates to PMBOK At the completion of this course, the student will be able to: Understand how to work with financial information to effectively manage project cost management tasks set forth in A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition. Apply basic accounting procedures to effectively track and manage project budgets as set forth in PMBOK® Guide Analyze financial statements and understand the project impact in order to maintain best practices set forth in PMBOK® Guide. Understand the core concepts of financial analysis as they apply to corporations and long-term projects. Apply financial analysis concepts as they relate to risk management, procurement management, and cost management knowledge area best practices set forth in PMBOK® Guide. 4 Overview of Workshop Purpose is to give you a good overall understanding of how to work with financial information Assumes you know nothing about finance Consists of several small modules – each builds on the previous module Interactive – Feel free to ask questions as we progress Two days – Day 1 covers core topics and Day 2 reinforces Day 1 + advanced topics All modules are reinforced with multiple choice questions or case study exercises 5 Workshop Roadmap 6 Financial Statements Look for correlations & relationships + understand key indicators of value Economic Analysis of Investments, Valuations Start with Accounting Understand Financial Statements Real Finance (Day 1) Advanced Topics (Day 2) Non Financial Analysis, Performance Measurement in General Topics to be Covered 7 8 Learning Objectives Identify the source of financial information presented in financial statements Distinguish different general ledger accounts used in financial statements Identify the five major groups of accounts that form financial statements Interpret the Accounting Equation in relation to how a business is managed Compile financial statements at the end of the accounting cycle (Case Study Exercise 1) Module 1 – Accounting Chart of Accounts 9 Balance Sheet Accounts Income Statement Accounts Five Major Groups of Accounts 10 Assets – Resources of the Business Liabilities – Obligations