Finance for nonfinancial managers
- Organize and interpret the financial health of a business
- Receive a special bundled rate for all six courses
- Participate in online classes anywhere, anytime
- Discounts available
Foundations of Finance Essentials introduces nonfinancial managers to the essentials of finance. These six courses will help you become conversant in critical financial terminology, and you will learn how to calculate key financial management indicators. You will also learn how to assess your organization’s financial health by reviewing balance sheets, income statements and statements of cash flow, and you will discover how finance and accounting tools can be used to support informed decision-making within organizations.
Program details
Foundations of Finance Essentials – 6 courses
LOCATION: Online
ESTIMATED LENGTH: 19 hours
ACCESS TIME: 365 days
PRICE: $495, all materials included. Potential discounts available, including: Military, UD student or alum, 2 or more (group).
1.9 CEUs | 19 HRCIs | 19 PDCs | 19 PDUs
Courses
How to Read a Financial Statement
LOCATION: Online
ESTIMATED LENGTH: 3 hours
ACCESS TIME: 90 days
PRICE: Not available for individual sale, all materials included.
0.3 CEUs | 3 HRCIs | 3 PDUs | 3 SHRMs
Financial statements can look intimidating and, as a nonfinancial manager, you may feel like ascertaining the right conclusion from a financial statement is like finding a needle in a haystack. This course covers financial reports and their meaning. You will learn the fundamentals and importance of the income statement, balance sheet and statement of cash flows, and how they can be used to manage a business. You will also be exposed to financial (ratio) analysis.
LEARNER OUTCOMES
- Identify and describe the documents and financial statements included in an organization’s financial report.
- Itemize and interpret the information in the income statement, balance sheet, statement of changes in shareholders’ equity and statement of cash flows.
- Correctly state the impact of specific business activities on cash flow.
- Define financial (ratio) analysis and explain its objectives and limitations.
- Identify the various types and categories of financial ratios.
- Perform calculations using financial ratios.
NOTES
- This course has an “Ask the Expert” feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.
- Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive International Association of Continuing Education and Training (IACET) CEUs.
Introduction to Finance
LOCATION: Online
ESTIMATED LENGTH: 3 hours
ACCESS TIME: 90 days
PRICE: Not available for individual sale, all materials included.
0.3 CEUs | 3 HRCIs | 3 PDUs | 3 SHRMs
Understanding basic finance is important for any managerial position, even nonfinancial managers. This introductory-level course starts at the beginning, discussing finance as an organizational setting and legal forms of business. The course continues on to cover the responsibilities of financial managers, roles of finance in a typical business organization, and relevant financial markets of interest to financial managers. Further, it addresses corporate financing and the role the stock market plays in the business world.
LEARNER OUTCOMES
- Identify and differentiate the three most common types of business organizations and the structure of each.
- State the fundamental objectives of a corporation and the differences between wealth and profit maximization.
- Recognize the impact of social and ethical responsibility on business.
- Identify and describe the structure and functions of the finance department within an organization.
- Define the principal-agent relationship and strategies for overcoming conflicts of interest and motivating managers.
- List and define the five key principles that form the foundation of financial management.
- Recognize and define the five key financial markets.
- Identify the sources, rules and life cycle stages of corporate financing.
- Describe the function of the stock market and the three trading venues it utilizes.
- Recognize the factors related to interest rate determination and the impact of interest on an organization.
NOTES
- This course has an “Ask the Expert” feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.
- Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive International Association of Continuing Education and Training (IACET) CEUs.
Introduction to Business Statistics
LOCATION: Online
ESTIMATED LENGTH: 4 hours
ACCESS TIME: 90 days
PRICE: Not available for individual sale, all materials included.
0.4 CEUs | 4 HRCIs | 4 PDUs | 4 SHRMs
Statistics is the science of collecting, organizing and analyzing data in order to make more effective decisions. As such, statistics is critical to a successful business. This introductory-level course is meant for nonfinancial managers. Understanding statistical techniques can help any manager responsible for marketing, management, accounting, sales or other business functions. This course also covers graphical representations of data that your stakeholders may expect when reviewing the results of any statistical analysis.
LEARNER OUTCOMES
- Differentiate between descriptive and inferential statistics
- Distinguish between the four different scales of measurement: nominal, ordinal, interval and ratio.
- Identify the appropriate graphical or tabular method for presenting your data.
- Create frequency distributions.
- Create meaningful presentations and graphs including frequency polygons, bar graphs, pie charts, line graphs and histograms.
- Calculate probability and explain its practical application.
- Compute the mode, median and mean of a data set
- Calculate the variance and standard deviation of a data set.
- Interpret sampling with and without replacement.
- Explain the significance of the area under a curve.
NOTES
- This course has an “Ask the Expert” feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.
- Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive International Association of Continuing Education and Training (IACET) CEUs.
Financial Planning and Control
LOCATION: Online
ESTIMATED LENGTH: 3 hours
ACCESS TIME: 90 days
PRICE: Not available for individual sale, all materials included.
0.3 CEUs | 3 HRCIs | 3 PDUs | 3 SHRMs
Decision-making within an organization often hinges on the numbers. So what financial tools do managers need to be familiar with to make sound, defensible decisions? This introductory-level course is meant to teach finance concepts to nonfinancial managers and considers tools for decision-making such as cost benefit analysis, break even analysis and balanced scorecard. The course also teaches the basic finance concepts such as return on investment (ROI), fixed and variable costs, and payback period.
LEARNER OUTCOMES
- Explain cost benefit analysis.
- Calculate return on investment and the payback period.
- Explain fixed and variable costs.
- Calculate breakeven and understand CVP (cost-volume-profit) analysis.
- Explain tracking and performance measures.
- Explain and calculate balanced scorecard measures.
NOTES
- This course has an “Ask the Expert” feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.
- Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive International Association of Continuing Education and Training (IACET) CEUs.
Time Value of Money and Risk
LOCATION: Online
ESTIMATED LENGTH: 3 hours
ACCESS TIME: 90 days
PRICE: Not available for individual sale, all materials included.
0.3 CEUs | 3 HRCIs | 3 PDUs | 3 SHRMs
Is a dollar more valuable today or tomorrow? What about a year from now? This introductory-level course covers time value of money (TVM) principles and risk and return. You will review the basic TVM techniques used in evaluating all financial decisions and their cash flow implications. For risk and return, you will learn how risk influences investment decision and how to calculate risk and rates of return. Further, you will explore the benefits of diversification and the use of the portfolio concept in investing.
LEARNER OUTCOMES
- Distinguish between points in time and periods of time as shown by a timeline.
- Define compounding and discounting.
- Compute future value or present value for single payment amounts.
- Distinguish between single payments and streams of payments and between uneven streams and annuities.
- Solve for the interest rate or time period for simple present value and future value problems.
- Describe how risk influences investment decisions.
- Calculate risk and rates of return.
- Describe how diversification can limit risk
- Explain how diversifiable risk can be lowered using a portfolio approach.
NOTES
- This course has an “Ask the Expert” feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.
- Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive International Association of Continuing Education and Training (IACET) CEUs.
Understanding and Managing Budgets
LOCATION: Online
ESTIMATED LENGTH: 3 hours
ACCESS TIME: 90 days
PRICE: Not available for individual sale, all materials included.
0.3 CEUs | 3 HRCIs | 3 PDUs | 3 SHRMs
A budget is a detail of expenses and incomes for a set period of time. This introductory-level course covers budgets and how they are used in organizational settings, including the uses and functions of master budgets, operating budgets, sales, production and cost of goods sold budgets, and cash budgets. You will also learn about the budgeting process and how organizations are using different budgeting techniques to overcome operating challenges.
LEARNER OUTCOMES
- Recognize the uses and functions of budgeting.
- Recognize the key activities, considerations and benefits of strategic organizational planning.
- Recognize the purpose and makeup of a master budget.
- Identify the components and calculations used to create a master budget and recognize uses for this information.
- Identify the components and purpose of an operating budget.
- Recognize how sales, production and cost of goods sold budgets are created and perform related calculations.
- Recognize the purpose of cash budgets and how they are prepared.
- Identify ways the budget process can be managed for optimal results and recognize the benefits and limitations of the management-by-objective system
NOTES
- This course has an “Ask the Expert” feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.
- Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive International Association of Continuing Education and Training (IACET) CEUs.
