Finance for Non-Financial Managers

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If you’re looking to grow your career and take on greater responsibility within your organization, you’ll need to demonstrate a basic understanding of financial management—even if you’re not in a financial role. You don’t have to be a numbers person! You just have to appreciate their role in business. In this course, accounting professor Jim Stice helps you develop the financial acumen necessary to interpret financial reports and make decisions based on available data, manage inventory and receivables, create an accurate budget, and cost a product or service. Plus, learn how to analyze your customers, understand your income taxes, and communicate your contribution to the bottom line.

Learning objectives

Describe how decision-makers use accounting in a business.
Recognize limitations in financial statement analysis.
Relate the purpose of financial ratio analysis.
Determine the primary reason for managing cash through the operating cycle.
Define the role of efficiency in creating budgets.
Identify differences between federal income tax and other taxes, such as state sales tax.