Finance for Non-Financial Managers

This two-day program is designed for those in decision-making roles and those who seek to improve their understanding of finance. This program is available as part of our Executive Certificate in Leadership.

Program Dates: Future dates to be announced
Delivery: Two Days In-Person at Lehigh University
(Participants need to complete both sessions to meet the program requirements). 
Program Cost: $2,195 (Includes meals)

Private Delivery Available: If you have a group of 15 or more, please contact us at execed@lehigh.edu to arrange for a private offering of this program! This program is available in 2 formats: live online (6 sessions) or in-person (2 days). 

Program Overview

As a manager, you are responsible for regularly making decisions that affect your company’s financial performance. Understanding the financial implications of those decisions can have a dramatic effect on the bottom line, benefiting not just your team, business unit, and organization, but also your career. 

This program is designed to help you gain a solid foundation in finance and accounting principles. It will also provide a framework for interpreting and leveraging financial data and information. You will return to your organization with the skill set and knowledge to analyze and utilize financial data and participate in making key business decisions. 

Learn to use the tools, concepts, and techniques covered during this 2-day program to make informed financial decisions that impact your organization’s results today and in the future. This program will enhance your financial skill set through discussion, supporting materials, and relevant real-world case studies. 

Program Outline

Day 1:Day 2:

Morning: Introduction to Finance & Accounting Concepts

  • Basic accounting and financial principles, terms, and concepts
  • The role of accounting and review of assumptions and their financial impact on decision-making
  • Overview of financial statements and recording of transactions

Morning: Financial Performance Measurement

  • Review of various financial ratios to increase understanding of financial performance and how to evaluate profitability, liquidity, solvency, and operational efficiency
  • Review actual company performance and historical trends using financial ratio analysis to compare results across industries
  • Benchmark the financial performance of companies versus competitors by analyzing and interpreting financial information

Afternoon: Financial Statement Analysis

  • In-depth review of the Income Statement (P&L), Balance Sheet, and Statement of Cash Flows and how they function together
  • Analyze line items of the financial statements and go more in-depth on transaction flow
  • Utilize financial statements to evaluate financial performance
  • Review of actual financial statements of organizations in different industries

Afternoon: Forecasting & Budget Preparation

  • Review of the forecasting and budgeting process to project future revenues, expenses, and cash flow
  • Identify the impact of assumptions in the forecasting and budgeting process
  • Understand how to evaluate investment decisions in capital project planning (Net Present Value/Internal Rate of Return)
  • Review best practices in developing an effective budget, and identify and review common problems that occur in the process

 

Impact & Benefits

  • Gain a foundation in finance and accounting concepts and principles
  • Increase your understanding of reading and analyzing internal and external financial reports
  • Learn how to utilize financial ratios to understand current business performance and to project future outcomes
  • Understand, analyze, and integrate financial information into everyday business decisions
  • Gain confidence in communicating financial information across the organization and collaborating with financial professionals
  • Learn the key concepts of forecasting and budgeting and how to manage financial resources

Who Should Attend?

  • Current and future company leaders in decision-making roles
  • Leaders who have been identified as high-potentials
  • Individuals who seek to improve their understanding of finance

Faculty

Gregg Henry has over 20 years of experience working in a variety of financial management roles across a diverse set of industries and organizations. He has worked in higher education and for publicly and privately held manufacturing and distribution companies and has seen the numerous aspects of financial management from different perspectives. Gregg has an undergraduate degree in Business Logistics from Penn State University and an MBA from Lehigh University.

Looking to learn more?

We're here to answer any questions you may have. We look forward to hearing from you soon!