Beyond the Basics: Intermediate Finance and Accounting for Nonfinancial Managers
Author: Michael P. GriffinC.M.A.
Credit: 2.0 CEUs
Testing Format: multiple choice
Your Price: $139.00
ISBN: 9780761214700
Format: Book
Overview
Designed to help nonfinancial managers build on their basic financial and accounting skills.
Beyond the Basics: Intermediate Finance and Accounting for Nonfinancial Managers is specifically designed to help nonfinancial managers expand their basic financial and accounting skills. You’ll ease into each topic with a review of the basic terms and concepts. You’ll gradually build on the knowledge you already have. You’ll never get bogged down in technical terminology that only an accountant or financial analyst would understand.
Course Objective: Build on existing financial and accounting skills to make informed managerial decisions from a financial perspective.
Selected Learning Objectives
• Use cost accounting methods to help optimize your profit planning and strategic planning
• Apply your financial knowledge to gain support for new plans, products, projects, or purchases
• See the real importance of budgets—and how they relate to the goals of your own department and organization
• Prepare on-target sales, production, and cash budgets
• Make informed management decisions by analyzing them from a financial point of view
• Examine the performance of your department or product line so you can establish realistic bottom-line goals
Testing Format
This course contains one multiple choice test valued at one Continuing Education Unit (CEU) and one examination case valued at one Continuing Education Unit (CEU).
Table of Contents
About This Course
How to Take This Course
Introduction
1. Accounting Principles and Concepts 1
Sources of Accounting Principles and Concepts
Usefulness of Accounting Information
Relevance Reliability
Principles and Concepts
Business Entity Going Concern Cost Principle Objectivity Conservatism Consistency
Disclosure Materiality
Realization of Revenue and Matching of Expenses
Realization Principle Matching Principle
Limitations of Accounting Information
Monetary Unit Reporting Use of Judgments and Estimates Accounting Risk
Summary
Instructional Programming 1
2. Advanced Financial Analysis 17
Industry Ratios
Limitations of Ratio Analysis
Comparative Financial Statements
Horizontal Analysis Common Size Financial Statements
Auditor’s Opinion
Qualified Opinion Adverse Opinion Disclaimer of Opinion Going Concern Evaluation
Statement of Cash Flows
Cash Flows from Operating, Financing, and Investing Activities Noncash Financing and Investing Activities
SCF and Financial Analysis
Summary
Instructional Programming 2
3. Current Asset Management 35
Cash
Reasons for Holding Cash Control of Cash Voucher System Reconciling the Checking Account Petty Cash
Cash Management Systems
Marketable Securities
Accounts Receivable
Monitoring Accounts Receivable Recording Uncollectible Accounts Writing Off Uncollectible Accounts
Inventories
Summary
Instructional Programming 3
4. Current Liability Management 49
Accounting for Current Liabilities
Current Liabilities and Working Capital
Accounts Payable: An Important Financing Mechanism
Discretionary Sources of Short-Term Credit
Commercial Paper Banks as a Source of Short-Term Credit Unsecured Short-Term Bank Loans
Cost of Bank Loans Secured Short-Term Financing
Accounts Receivable Financing
Inventories as a Source of Financing
Internal Control of Short-Term Liabilities
Loan Proposals
Summary
Instructional Programming 4
5. Budgeting and Responsibility Accounting 61
Principles of Budgeting
Sales Budget
Production Budget
Capital Expenditures Budget
Cash Budget
Responsibility Accounting
Zero-Based Budgeting
Summary
Instructional Programming 5
6. Introduction to Cost Accounting 75
What Is a Cost?
Manufacturing Costs Allocation of Factory Overhead Nonmanufacturing Costs
Cost Accounting Systems
The System of Job Order Costing The System of Process Costing
Breakeven Analysis and Cost–Volume–Profit Analysis
Summary
Instructional Programming 6
7. Capital Investment Analysis 91
Types of Capital Expenditures
The Steps of Capital Expenditure Analysis
Evaluation of Capital Expenditures
Net Present Value Internal Rate of Return Payback Period
Capital Rationing
Capital Asset Postaudit
Summary
Instructional Programming 7
8. Capital Structure 107
Various Components of a Capital Structure
Long-Term Debt Bonds Preferred Stock Common Equity
Computing the Weighted Average Cost of Capital
Factors That Influence the Cost of Capital
Assumptions of the Model
The Capital Markets
The Securities and Exchange Commission
Other Concepts Related to Capital
Treasury Stock Cash Dividends Stock Dividends Stock Split
Summary
Instructional Programming 8
Bibliography
The First Examination
The Practice Case
The Examination Case
Selected Readings
Index