Questions? Call 1-800-262-9699

Beyond the Basics: Intermediate Finance and Accounting for Nonfinancial Managers

 Beyond the Basics: Intermediate Finance and Accounting for Nonfinancial Managers

Author: Michael P. GriffinC.M.A.
Credit: 2.0 CEUs
Testing Format: multiple choice
Your Price: $139.00
ISBN: 9780761214700
Format: Book

Overview

Designed to help nonfinancial managers build on their basic financial and accounting skills.

Beyond the Basics: Intermediate Finance and Accounting for Nonfinancial Managers is specifically designed to help nonfinancial managers expand their basic financial and accounting skills. You’ll ease into each topic with a review of the basic terms and concepts. You’ll gradually build on the knowledge you already have. You’ll never get bogged down in technical terminology that only an accountant or financial analyst would understand.

Course Objective: Build on existing financial and accounting skills to make informed managerial decisions from a financial perspective.

Selected Learning Objectives

• Use cost accounting methods to help optimize your profit planning and strategic planning

• Apply your financial knowledge to gain support for new plans, products, projects, or purchases

• See the real importance of budgets—and how they relate to the goals of your own department and organization

• Prepare on-target sales, production, and cash budgets

• Make informed management decisions by analyzing them from a financial point of view

• Examine the performance of your department or product line so you can establish realistic bottom-line goals

Testing Format

This course contains one multiple choice test valued at one Continuing Education Unit (CEU) and one examination case valued at one Continuing Education Unit (CEU).

Table of Contents

About This Course

How to Take This Course

Introduction

1. Accounting Principles and Concepts 1

Sources of Accounting Principles and Concepts

Usefulness of Accounting Information

Relevance Reliability

Principles and Concepts

Business Entity Going Concern Cost Principle Objectivity Conservatism Consistency

Disclosure Materiality

Realization of Revenue and Matching of Expenses

Realization Principle Matching Principle

Limitations of Accounting Information

Monetary Unit Reporting Use of Judgments and Estimates Accounting Risk

Summary

Instructional Programming 1

2. Advanced Financial Analysis 17

Industry Ratios

Limitations of Ratio Analysis

Comparative Financial Statements

Horizontal Analysis Common Size Financial Statements

Auditor’s Opinion

Qualified Opinion Adverse Opinion Disclaimer of Opinion Going Concern Evaluation

Statement of Cash Flows

Cash Flows from Operating, Financing, and Investing Activities Noncash Financing and Investing Activities

SCF and Financial Analysis

Summary

Instructional Programming 2

3. Current Asset Management 35

Cash

Reasons for Holding Cash Control of Cash Voucher System Reconciling the Checking Account Petty Cash

Cash Management Systems

Marketable Securities

Accounts Receivable

Monitoring Accounts Receivable Recording Uncollectible Accounts Writing Off Uncollectible Accounts

Inventories

Summary

Instructional Programming 3

4. Current Liability Management 49

Accounting for Current Liabilities

Current Liabilities and Working Capital

Accounts Payable: An Important Financing Mechanism

Discretionary Sources of Short-Term Credit

Commercial Paper Banks as a Source of Short-Term Credit Unsecured Short-Term Bank Loans

Cost of Bank Loans Secured Short-Term Financing

Accounts Receivable Financing

Inventories as a Source of Financing

Internal Control of Short-Term Liabilities

Loan Proposals

Summary

Instructional Programming 4

5. Budgeting and Responsibility Accounting 61

Principles of Budgeting

Sales Budget

Production Budget

Capital Expenditures Budget

Cash Budget

Responsibility Accounting

Zero-Based Budgeting

Summary

Instructional Programming 5

6. Introduction to Cost Accounting 75

What Is a Cost?

Manufacturing Costs Allocation of Factory Overhead Nonmanufacturing Costs

Cost Accounting Systems

The System of Job Order Costing The System of Process Costing

Breakeven Analysis and Cost–Volume–Profit Analysis

Summary

Instructional Programming 6

7. Capital Investment Analysis 91

Types of Capital Expenditures

The Steps of Capital Expenditure Analysis

Evaluation of Capital Expenditures

Net Present Value Internal Rate of Return Payback Period

Capital Rationing

Capital Asset Postaudit

Summary

Instructional Programming 7

8. Capital Structure 107

Various Components of a Capital Structure

Long-Term Debt Bonds Preferred Stock Common Equity

Computing the Weighted Average Cost of Capital

Factors That Influence the Cost of Capital

Assumptions of the Model

The Capital Markets

The Securities and Exchange Commission

Other Concepts Related to Capital

Treasury Stock Cash Dividends Stock Dividends Stock Split

Summary

Instructional Programming 8

Bibliography

The First Examination

The Practice Case

The Examination Case

Selected Readings

Index