Finance for Non-Financial Managers
Increase your influence. Boost your confidence.
Do you feel overwhelmed when terms like return on investment, P&L or net present value are thrown around in meetings? Change that.
Learn basic, practical financial skills from instructors with decades of industry experience. Learn along-side other business professionals facing the same challenges to understand financial terminology, practice concepts with in-class business cases, and move toward being a confident contributor in these discussions.
Improve your ability to make good financial decisions
Module 1: Understand and Interpret Financial Statements
The ability to understand your company’s financial statements will help to provide insight into the current financial position and how your decisions impact the bottom line. By the end of this session, you will become familiar with and practice using real-world examples to better understand:
- How companies create value
- Basic financial statements: Income Statement, Balance Sheet, Statement of Cash Flows
- Ratio Analysis and key performance metrics
- Free cash flows
- Planning and budgeting
Module 2: Evaluate Investments
Whether you are deciding on launching a new product, updating machines to improve production speed or making a case for hiring a new employee, these decisions can affect your company’s cash flow and ultimately its overall financial performance. You’ll need a solid understanding of how to evaluate these types of decisions, understand their impact on the shareholder value and create a strong argument for these investments. During this session you will work through activities and gain insight into:
- What is finance?
- The relationship between risk and return
- The time value of money and why it is important
- Understanding and computing cost of capital
- Analysis around net present value and capital budgeting
- Decision tools: incremental analysis and hurdle rates for project acceptance or rejection
- Ways to finance: debt vs. equity
- Corporate valuation: measures of value
Module 3: Practice with Business Cases
Knowing the basic concepts is a solid foundation for making good financial decisions. However, you need to know how to apply this information strategically in your position. Using real-world examples you will:
- Put the concepts from the program into practice
- Make strategic decisions and understand the outcomes of these decisions
- Experiment without putting the fate of your actual project or position in jeopardy
Ideal for business managers without a finance background
Whether you are currently involved in financial decisions or strive to be, you need to build your financial acumen and ability to apply these concepts in order to make sound financial decisions for your company.
This program is designed for professionals at any level who are responsible for improving business operations through sound financial strategy.
Common program participant titles and job functions may include, but are not limited to:
- Operations Manager
- Office Manager
- General Manager
- Sales Manager
- Marketing Director
- Marketing Manager
- Brand Manager
- Project Manager
- Business Consultant
- Business Analyst
- Management Analyst
- Entrepreneurs and business owners
- Individuals looking to advance in their careers or those making a career change
Learn from financial management professionals
Our instructors are known for their real-world experience as well as their expertise in developing educational opportunities for adult learners.
Brian Reagan has held numerous corporate leadership positions over the course of his nearly 30-year career, including executive vice president of BioScrip Inc., a leading health care services organization, and managing director of Dain Bosworth Inc., a full-service investment banking and brokerage firm.
Jim Shovein (CPA, MBA) is a Clinical Faculty member in the Finance department at the University of St. Thomas. He has been the recipient of the Opus College of Business Teaching Award. Jim has almost twenty years of industry experience, most recently as Vice President of Finance at Best Buy and previously as Vice President of Finance at Ecolab in St. Paul. He continues to actively consult with a number of Fortune 500 companies in the Twin Cities.
“This course has given me great tools to make decisions about how to help my company grow and add value. The instructors had a lot of practical knowledge and defined concepts in a way I could understand. Ultimately, I told a friend of mine that this course could be a game changer for me.”
Staci White, Engineer, Donaldsons
“After taking Finance for Non-financial Managers, I was able to obtain a better understanding of different concepts and terminology used in finance and accounting. Going through in-class problems by reviewing financial statements and creating our own documents, such as a balance sheet, gave me tools I could bring back to my position. Our instructor was professional and knowledgeable. This was a great program!”
Stefani Barnes, Vice President of Product Management, Wells Fargo Bank, N.A.
“Through this program, I gained a better insight into the interpretation and understanding of balance sheets and accounting reports. The material was presented in a way that was both engaging and entertaining, creating an interest in people like me who are not passionate about accounting and finance. Now when it is time to review company documents, I feel I have a better understanding of them thanks to this program.”
Lorrie Heimkes, Human Resources Director, ReliaStar
Invest in your career - Gain a strong ROI
Why Finance for Non-Financial Management?
Upon completion of this program, you’ll do your Monday smarter with:
- An understanding of finance and accounting terminology
- Insight into how your company creates value
- A big picture understanding needed for planning and budgeting
- The ability to create a strong argument for the financial resources to fund your projects
- The confidence to jump right into financial decision making after practicing common business scenarios in class
Additional Program Details:
- Cost includes tuition, learning materials and refreshments.
- Continuing Education Units (CEUs) are non-credit educational experiences; one CEU is equivalent to 10 contact hours of study and will be noted on your completion certificate.
- Program sessions are held on the downtown Minneapolis campus. Parking is available within one block.
- There are no prerequisites for this program.
At St. Thomas Executive Education you will:
- Gain practical tools from experienced faculty
- Learn current, real-world skills you can apply on Monday (and every day)
- Network with other professionals working in business
- Have a personalized experience from program exploration to successful completion
All of this leads to a smart, practical and personalized experience to gain confidence and excel in your career. With over 30 open enrollment programs, we can help you dive into a specific topic area, understand business terminology and further develop your leadership and management skills.