This program provides managers and business owners the fundamentals of finance and accounting principles, methods, and applications. Participants will develop a better understanding and appreciation of critical financial indicators, explore how these factors impact the bottom line, and learn how to make sound business decisions leveraging hard financial data. Participants have the opportunity to apply these concepts to their own organizational initiatives and goals.
Participants will learn to:
||Talk the language of business beginning with a short historical perspective and the accounting profession
||Understanding the rules of the game – accounting conventions of revenue recognition and the matching concept
||Risk-return concept as measured by Beta – numerous examples using familiar companies
||Debt versus equity as a means of business financing – stocks and bonds
||Examine the relationship between the balance sheet and both the income and cash flow statements, examining each asset, expense, and cash flow category in detail
||Financial performance measures including the DuPont model to illustrate the relationship of the balance sheet and income statement to overall return on assets
||Examine asset and liquidity category performance measures such as inventory turnover, days of inventory sales, aging accounts receivable, average collection days, working capital, quick ratio, current ratio, and degree of financial leverage, return on assets, and return on equity
||Contribution margin versus gross profit comparison – concepts of fixed and variable costs leading to Break even analysis – examples of B/E include micro and macro application
||Time value of money – net present value, discounted cash flow, and internal rate of return
Budgeting – sales forecast and ancillary budgets such as departmental, capital, and procurement
Participants will become familiar with the basics of financial statements and current practices in evaluating business performance. Scorekeeping remains an important activity of financial accounting because you must know if the business is winning or losing money. The financial statements tell a story about the company's financial condition and the program helps participants better understand that story. Attention directing and problem solving remain the highest value added activities performed by the financial team. Understanding how stakeholders (such as management, banks, and analysts) measure financial performance is essential to improving performance. Attendees will gain knowledge about using financial information for decision making as illustrated through ratio measures, make/buy (break-even) analysis, discounted cash flow concepts and budgeting concepts.
This program is designed for managers in all functional areas and in all industry types, who want to gain a better understanding of the financial side of business. Senior-level managers who work in non-financial areas; technical managers with profit-loss and/or budget responsibility; non-financial managers of small to medium sized companies; all managers who need to better understand the strategic importance of financial management decisions within their organization.
Any of the executive education programs offered by the Hudson Center of Entrepreneurship and Executive Education (HCEEE) can be delivered to your organization either in our classroom or at your location. Please contact us for more information.
Program fee varies based on the size of your group and includes tuition, instructional materials and lunch. Please contact us for more information.
Andrew Felo, Ph.D.
Dr. Felo is a Professor at the H. Wayne Huizenga College of Business and Entrepreneurship at Nova Southeastern University, where he teaches courses in managerial and financial accounting, financial statement fraud, and corporate finance. Prior to joining the H. Wayne Huizenga College in 2011, Dr. Felo was on the faculty of The Pennsylvania State University Great Valley School of Graduate Professional Studies.
Dr. Felo earned his Ph.D. from the State University of New York at Binghamton. His areas of research include audit committees, corporate governance, business and accounting ethics, and disclosure transparency. Dr. Felo has published his work in Corporate Ownership and Control, International Journal of Disclosure and Governance, Accounting and the Public Interest, Journal of Forensic Accounting, Strategic Finance, Research on Accounting Ethics, Journal of Business Ethics, Decision Support Systems, and Management Accounting. He has also authored a book chapter on corporate governance in the US and on the relationship between corporate governance and corporate ethics. Along with his co-author, Dr. Felo was the recipient of the 2003 Lybrand Silver medal for their article on the Sarbanes-Oxley Act that was published in the February issue of Strategic Finance.
Andy has facilitated CMA review courses for over 10 years, and is a popular webcast presenter on IFRS and Ethics topics. He has provided training on accounting, finance, and the Sarbanes-Oxley Act to companies such as PECO, AMETEK, Inc., Johnson Matthey, Siemens, SAP, CertainTeed and AstraZeneca, and is a frequent presenter at Continuing Professional Education conferences.
Dr. Felo is a Certified Fraud Examiner (CFE), Certified Management Accountant (CMA), and a Certified Financial Manager (CFM). He was the recipient of the IMA's Robert Beyer Gold Medal for the highest score on the Winter 2001 CMA Exam.
Comments From Past Participants
"Hudson Center programs take what I learned in school to the next level."
Marc Kruger, Business Development | Beran Trade Group
"This was a great investment of my time and the company services."
Mark Blackburn, Executive Vice President | CSI International
"Great, useful course that provides elemental tools for non-financial managers."
Lucio Grimaldi, Vice President of Latin America | Publicitas Inc.
"Worth the expense and time spent. True value. Teacher was very knowledgeable, kept topic interesting."
Venus Larkin, Facility Manager | American Express
Using core programs, we can customize the material to fit your corporate training needs. With our extensive resources and program facilitators, we will design a program that is tailored to fit your specified objectives and requirements.
For additional program information, please contact us at:
Hudson Center of Entrepreneurship and Executive Education
H. Wayne Huizenga College of Business and Entrepreneurship
Nova Southeastern University
3301 College Avenue, Carl DeSantis Building, Suite 2088
Fort Lauderdale-Davie, FL 33314
Toll Free: 800.672.7223
, ext. 25161
Want more information about this program or any of our course offerings? Fill out the form below and an executive education enrollment counselor will respond to your message within the next 24-48 hours. Thank you for your interest in the executive education programs from NSU's Huizenga College of Business!