Finance for Non-Financial Managers
This one-day course is designed for the manager or engineer who does not possess a significant financial background, but whose performance would be improved with a working knowledge of financial statements and related concepts, including commonly used financial terminology and performance measures. Participants will learn to make sense of the “dollars and cents,” and learn to make better use of financial information in everyday work life.
Through a hands-on approach, participants will be exposed to:
- Economic decision-making concepts
- Construction and interpretation of the three types of financial statements: balance sheet, income statements and cash-flow statements
- The importance of financial ratios and other performance measures, what they mean, and how to use them
- Use of financial statements to assess the enterprise’s operational and financial health
- Project cash flows and return on investment
Upon course completion, participants will be better equipped to seek out and understand financial information, use financial information day-to-day, and interact effectively with finance department personnel.
|Dates:||March 22, 2017|
|Time:||8am – 5pm|
|Venue:||Hyatt Place Amherst|
Instructor Bio: Julie Stiles, CLP
As a business strategist with TCIE, Julie Stiles builds bridges between operations, sales, marketing, and finance to better support business objectives and drive profitable growth. Her background includes 25 years of experience in corporate finance and management consulting, with a particular expertise in cost and profitability modeling. Prior to joining TCIE, she led the finance functions of several local companies, focusing on improving the quality and effectiveness of financial data and analysis for leadership teams, sales, and operations to use as decision support. She was chief financial officer with an industrial products manufacturer and distributor, where she developed an activity-based costing model that was integrated into the company’s product pricing systems and led to a 500% increase in profitability. Julie spent the first 10 years of her career in public accounting, starting as a staff accountant with Price Waterhouse at company headquarters in New York, performing audits primarily for large mutual fund companies. Additionally, she was a senior accountant in the audit division of Arthur Andersen, as well as a consultant and manager of its business consulting division. Her most notable consulting assignments include the identification of over $4 million in cost savings for a heavy equipment manufacturer and the development of a strategic product costing model for a beverage manufacturer and distributor.