FNFM - Finance for Non-Financial Managers
Program Description
Are you in a position of increasing responsibility for financial decisions to meet organizational goals? Do you seek a better understanding of your department’s overall financial standing and financial details? Are you searching for the right questions to ask when presented with financial data? Do you aim to communicate financial data more effectively with your leadership team? Have you been given financial oversight for a project within your organization?
Finance for Non-Financial Managers is designed to provide participants with hands-on experience in using, interpreting and communicating financial data. With the use of company examples, an energetic lecture and hands-on exercises, participants will gain an understanding of the standard techniques of practical financial management. These techniques will then be used in a case study setting to identify issues and factors that improve decision-making related to finance.
Outline
- Introductory Concepts
- Financing Sources and Costs
- Financial Reporting and Accounting Issues, Financial Statement Group Exercise
- Making Investment Decisions
- Investment Decision Case Study
- Financial Planning, Ratios, and Valuing a Business
Key Learning Objectives
Participants in this program will learn to:
- Understand financial reports
- Interpret financial data in contracts
- Identify sources and uses of capital
- Appreciate the difference between cash flow and profitability
- Support their decisions based on financial planning and analysis
- Communicate with financial executives in the organization
- Articulate the financial impact of decisions made by the CFO and CEO
Faculty and Speakers
Stephen Schiestel is Frederick S. Addy Endowed Professor of Practice in Finance in the Finance Department at Michigan State University’s Broad College of Business. Steve has taught in both the undergraduate and EMBA programs. In 2016, he was awarded the department’s Teacher of the Year award and the EMBA Professor of Excellence Award in 2018, 2019, 2020 and 2022.
Who Should Attend?
New to mid-level managers who need to better understand and interpret financial information will benefit from this program. Non-financial managers from any functional area and all industries will find this program highly beneficial to improving their overall ability to read and interpret financial data. No prior knowledge of finance or accounting is needed to participate in this program.
Testimonials
- Excellent! The session exceeded my expectations. Great return on my company's investment. Thank you! I am definitely going to apply the information.
- Real-world examples of concepts, real-time viewing of how businesses' are performing, open dialogue.
- I like how the presenter was able to communicate and teach a complex subject with passion - making it understandable and applicable. The presenter was very knowledgeable! Encouraging interaction and engagement.
- The topic was difficult for me to understand. However, how it was presented and explained, caught my attention. I absolutely learned a lot.
- It was a good overview of finance basics. It helped me to have a better understanding. I will be able to apply it to my job.
- The instructor's passion, energy, examples and willingness to answer our questions made it a great session!
Additional Information
In-Person: This program will take place at the James B. Henry Center for Executive Development at Michigan State University located at 3535 Forest Road, Lansing MI 48910. For traveling guests, hotel accommodations are available at the adjoining hotel, Candlewood Suites East Lansing.
Online (synchronous): Participants will join in real-time using a web conferencing platform and interact with the instructor and other online and in-person participants. To participate in the program, participants will join the scheduled session(s) at the same time, regardless of their physical location. During the class, the instructor will deliver lectures, and facilitate discussions, while students can ask questions, participate in group activities, and collaborate on projects. A member of the executive development team will monitor the chat and platform to ensure a seamless experience.
Cancellation within 15 days of the program start date will be limited to emergency situations and may result in a 10 percent cancellation fee. Participant substitutions are welcome at any time prior to the start of the program. If a registered participant does not attend and does not notify us in advance, they will be charged the full fee.
For more information, please visit our FAQ Page or contact the Program Director, Keith Groya by email groyakei@msu.edu.