Understanding and interpreting financial statements is a fundamental component to the success of any leader. In addition, leaders must be able to measure the financial implications of their decisions, which requires an understanding of financial statement analysis and accounting methods.
This course introduces the participant to the essential elements of financial statement analysis and forecasting. You will learn to interpret financial statements, develop a more comprehensive understanding of how managerial decisions impact the main financial statements, and develop the basic concepts of forecasting future financial statements.
The prerequisite for this course is Finance for the non-Financial Manager and is a required course for the Financial Management Certificate.
Agenda and course description
Professionals of any level, and in any function who make decisions with financial implications, including human resources, finance, sales and marketing, operations, and IT. The curriculum is ideal for those professionals seeking a comprehensive foundation in the fundamentals of finance and accounting to make more strategic business decisions.
Professionals of any level, and in any function, who make spending decisions and budget allocation determinations and who need to understand how risk and return affect internal financial management decisions.
Day 1
Agenda
9:00 AM- 9:50 AM
Lecture/Discussion (Live class) Introduction Strategy and Industry Analysis
9:50 AM – 10:00 AM
Break*
10:00 AM- 10:50 AM
Lecture/Discussion (Live class) Financial Profitability Ratio Analysis
10:50 AM- 11:00 AM
11:00 AM – 12:00 PM
Lecture/Discussion (Live class)
•Common Size Analysis/Percentage Change Analysis
•Profitability Analysis: For-Profit versus Non-Profit Organizations
12:00 PM – 1:00 PM
Lunch
1:00 PM – 1:10 PM
Lecture (Live class) Introduction of Simulation
1:00 PM – 1:30 PM
Independent Work (at your own pace) Individual Work on the Simulation Assessment
1:30 PM – 2:30 PM
Group Work (Live class) Profitability Analysis Simulation based on Apple Inc.’s Financial Statements
2:30 PM- 2:45 PM
2:45 PM – 3:15 PM
Lecture/Discussion (Live class) Profitability Analysis Simulation based on Apple Inc.’s Financial Statements (Continued)
3:15 PM – 3:45 PM
(Live class) Presentation of Profitability Analysis
3:45 PM – 4:00 PM
Lecture/Discussion (Live class) Review of Non-Profit Organization: Johns Hopkins University’s Annual Report (“Profitability”)
Day 2
•Review of Day 1
•Risk Ratio Analysis
Lecture/Discussion (Live class) Short-term Liquidity Risk
•Long-term Solvency Risk
•Risk Analysis: For-Profit versus Non-Profit Organizations
Group Work (Live class) Risk Analysis Simulation based on Apple Inc.’s Financial Statements
Lecture/Discussion (Live class) Risk Analysis Simulation based on Apple Inc.’s Financial Statements (Continued)
(Live class) Presentation of Risk Analysis
Day 3
•Review of Days 1 and 2
•Forecasting Net Income (Income Statement)
Lecture/Discussion (Live class) Forecasting Assets, Liabilities, and Equity (Balance Sheet)
•Forecasting Example
•Introduction of the Forecasting Simulation
1:00 PM – 1:05 PM
Discussion (Live class) Q&A Forecasting Simulation
1:05 PM – 1:30 PM
Group Work (Live class) Forecasting Simulation based on Apple Inc.’s Financial Statements
Lecture/Discussion (Live class) Forecasting Simulation based on Apple Inc.’s Financial Statements (Continued)
(Live class) Presentation of Forecasting Assignment
Reflection and any remaining questions (Live class)
*Please note that break times may adjust to accommodate for lecture and discussion flow
Live Zoom sessions and all course participants are expected to be present