Managerial AManagerial Accounting for Non-Financial Professionals: Information for Planning, Decision Making and Control

Introduction

• The Goals and Functions of Financial Management
• The Three Most Important Questions Answered by Finance

The Key Financial Statements

• Income Statement
• Changes in Owner Equity
• Balance Sheet
• Cash Flow

Analysis of Financial Statements

• Judging the Health of the Business
• Income Statement Ratios
• Balance Sheet Ratios
• How to Read Company Annual Reports

Cost Concepts and Decision-Making

• Cost-Volume-Profit Analysis
• Breakeven Analysis
• Economic Costs versus Accounting Costs
• Marginal Analysis
• Cost-Based Pricing

Capital Projects

• The Time Value of Money
• Cost of Capital
• The Capital Budgeting Decision
• Methods in Evaluating Capital Projects
• Sensitivity and Risk Analysis

Working Capital and the Financing Decision

• Current Asset Management
• Sources of Short-Term Financing

Using Financial Information to Manage the Business

• Making Business Decisions in Finance, Marketing, Production and Investment

The Budgeting Process

• Guidelines and Techniques
• Cost Control