Accounting for Non-Financial Managers

• Managers who read financial reports but don't trust their understanding of them
• Small business owners managing their accounts
• Specialists who moved into roles with budget responsibility

What you will be able to do

1. Read the income statement, balance sheet, and cash flow
2. Differentiate profit from cash and understand why the distinction matters
3. Build an operating budget for your department
4. Calculate profit margin and break-even point
5. Ask your accountant the right questions

What we cover

• The three financial statements and how they relate
• Profit versus cash flow
• Fixed and variable costs and the break-even point
• Budget preparation and monitoring
• Key financial indicators for managers