Global Knowledge

AMA2218 Fundamentals of Finance and Accounting for Non-Financial Managers

In today's business world, when every manager is held accountable for the bottom line, you have to be finance savvy.

GK #2669Virtual Classroom LiveClassroom Live

FormatsVirtual Classroom Live · Classroom LiveTopicsBusiness Skills

What you’ll learn

Basic Accounting Concepts
- Importance of the accounting equation
- Significance of generally accepted accounting principles (GAAP)
- Accrual process
- Difference between accounting profit and cash flow
Understanding Financial Statements
- Purpose of and terminology associated with the following financial statements:
  - Income statement or profit and loss statement (P&L)
  - Balance sheet
  - Statement of retained earnings
  - Cash flow statement
- The accounting process, from recording business transactions to preparing financial statements
- How various business transactions affect the financial statements
Reviewing an Annual Report
- Components of an annual report
- Importance of notes in evaluating financial statements
- External auditor's role and the significance of the opinion letter
Evaluating a Company's Financial Statements
- Calculate the key financial ratios using the financial statements
- Use financial ratios to evaluate:
- An organization's liquidity, leverage, and profitability
- An organization's performance compared with budgeted goals
- Use the Dupont formula to evaluate management performance
- Use the concept of Cash Flow Return on Investment (CFROI) to determine if a segment of an organization is adding value to the business
Improving Profitability through Cost Analysis and Profit Planning
- Differentiate between fixed and variable costs
- Help your organization improve profitability through the use of:
- Break-even analysis
- Contribution margin analysis
- Direct costing in appropriate situations
- Traditional cost accounting and its limitations
- Relevance of activity-based costing in today's business environment
Capital Expenditure Analysis
- Distinguish between capital expenditure budgets and operating budgets
- Function of the capital budget
- Why cash has a time value
- Recognize and apply different methods of evaluating capital expenditure and monitoring project performance
Budgeting More Effectively
- Role of budgeting and issues budgets can solve
- The budgeting process
- Types of budgeting systems in use today
- Analyze budgets for different purposes
- Recognize and apply different methods of evaluating and monitoring operating performance

Upcoming training

Dates and availability are confirmed by Bolt when we follow up. All times are shown in the provider’s stated time zone.

2026-10-06 — 2026-10-07October 06 - 07, 2026