Data and analytics are essential to the success of a business. Incorporating research and measurement into business strategy has become a science over the years. An article in Forbes magazine, "How to Win in Any Market," discusses how taking advantage of data through analytics can increase an organization’s bottom line. Industries that deal in data such as banking, insurance, and finance are not the only ones with an advantage in today’s market. Organizations who can be flexible and utilize their data and resources can drive just as much profit.
Financial analysis is important in all areas of a business - organizations are driven by financial goals and these goals need to be understood and realized by all employees. All levels of management need to have a grasp on the financial aspects of the business in order to position their organizations for success.
One of UNC Executive Development's most widely attended programs is the Financial Analysis for Non-Financial Managers program, which is designed to teach participants how to interpret and analyze financial reports and gauge financial impact across departments to better understand an organization’s financial position. The program will be held twice in 2015, first in May and again in October.
Managers need both financial acumen and financial insight to succeed. Executives without a strong financial background can spend many frustrating hours trying to interpret financial reporting data. During this three-day financial education program, you will quickly learn the managerial and financial accounting skills and concepts needed to define and measure your company’s financial performance. Equipped with this financial knowledge, you will be able to make more informed, effective decisions within the organization.
This program is designed to give today's rising managers the financial acuity to succeed in their organizations. Specifically, the program is designed to help managers:
- Learn important accounting and financial terms and concepts;
- Acquire the skills to create and analyze basic income statements, balance sheets, and cash flow statements;
- Improve their knowledge of the components of costs, and how costs affect pricing decisions;
- Evaluate financial statements using ratio analysis;
- Create and understand pro-forma financial statements;
- Master NPV and IRR time value of money computations;
- Learn a basic framework for organizing financial decisions;
- Learn key issues in estimating debt and equity costs of capital;
- Learn how to structure and evaluate an investment project;
- Learn about the major ways to value a single project or an entire firm;
- Learn how to use Excel in financial decisions;
- Help their organizations make smart operating, investing, and financing decisions, and;
- Gain insight into the fundamental economic value of their organizations.
Professor John Hand of the UNC Kenan-Flagler Business School faculty teaches the Financial Analysis for Non-Financial Managers program. John Hand, PhD is the H. Allen Andrew Distinguished professor of Accounting and Finance. He teaches financial statements to MBA and Masters of Accounting students and had been the lead instructor for Financial Analysis for Non-Financial Managers since 2012.
The Financial Analysis for Non-Financial Managers program will be held on May 6-8, 2015 and October 19-21, 2015. For more details on the program, view the full program profile.
To read more about the importance of integrating job skills in today’s business world, read the full Forbes article, How to Win in Any Market.
UNC Executive Development has a variety of professional development and leadership programs which can be viewed here: Open- Enrollment Programs . Also be sure to take a look at our Resource Library with additional talent development white papers, research, newsletters, and webinars.