Essentials of Finance & Accounting

Develop an understanding of finance and accounting with our Essentials program. This three-and-a-half-day program will arm you with a basic understanding of the accounting and finance concepts you need to assess your performance—and the performance of your competitors.

You’ll learn how to read, interpret and analyze financial statements. You’ll also learn forecasting and financial-planning approaches to help you with the budgeting process. You’ll get the basics of net present value (NPV) and capital budgeting techniques to apply when evaluating projects. You’ll gain an understanding of the role of costs in corporate decision making, including cost-volume-profit relationships, the role of costs relevant for different decision scenarios, and the incentive effects of cost allocations and their interplay. You’ll also review performance evaluation techniques and their relationship to incentives. Ultimately, you’ll learn to use financial information to make better strategic business and investment decisions.

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  • Dates

    3/2/2020 12:00:00 PM - 3/5/2020 4:30:00 PM

  • Format

    Monday, 1:00 p.m. - 4:30 p.m., Tuesday - Thursday, 8:30 a.m.– 4:30 p.m.
  • Location

    James M. Collins Executive Education Center

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    CPE Hours 24

  • Price

    $4,295; Group discounts available when multiple attendees from the same organization register together. Register 30 days before the program starts for a $200 early registration discount.

    Upon successful completion of the program, participants receive a certificate.

    To learn more about the program, contact us at 214.768.3335 or

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  • Topics

    The topics presented during the course will help you understand the fundamentals of finance and accounting, read and interpret balance sheets, income statements and cash flow statements, use accounting and financial information to evaluate the performance of your company and your competitors, make better business decisions, assess and select projects and investments using basic principles of finance, understand fixed costs, variable costs, break-even analysis and contribution margin, make a valuable contribution to your company’s financial decisions and much more.

    Program topics include:

  • Fundamental accounting and finance concepts
  • An introduction to financial statements
  • Using accounting and financial data to evaluate performance
    The methods those outside your company measure the health and performance of your company. The use of benchmark industry and company information to compare performance of your company with the performance of competitors.
  • Using accounting and financial data to plan for the future
    The use of forecasting techniques to develop “pro forma” financial statements. Methods to predict cash and resource needs and to address critical planning issues.
  • Using financial analysis to select projects and investments
    Commonly used investment analysis techniques. Capital budgeting as a project evaluation tool.
  • Accounting data used for managerial decision making
    Cost/volume/profit relationships. Fixed and variable costs and break-even levels.
  • The use of relevant cost analysis to improve decision making
  • Management control systems
    Performance metrics and how they offer a measurement based approach to strategy implementation and performance evaluation.

  • Who Should Attend?

    • Anyone seeking a better understanding of basic finance and accounting
    • Managers at all levels who work in non-financial area
    • Leaders in line for positions with more financial responsibility
    • Technical managers with profit/loss or budget responsibility
  • Schedule

     SMU Logo Monday  Tuesday Wednesday Thursday
     8:30 a.m. – Noon

    Strategic Financial Statement Analysis

    Hemang Desai


    Strategic Cost Analysis

    Gauri Bhat

    Financial Analysis and Financial Planning

    Jim Linck


    Strategic Financial Statement Analysis: Assessing Earnings Quality

    Hemang Desai

     1:00 p.m. - 4:30 p.m.  

    Introduction to Financial Reporting for Managers

    Hemang Desai


    Basic Costs Concepts and Cost Volume Profit Analysis

    Gauri Bhat


    Time Value of Money and Capital Budgeting

    Jim Linck


    Valuation and Value Based Management

    Jim Linck

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Next Steps

Questions? Not sure which program fits your needs? Reach out to our team.