The Prime Finance curriculum has been designed to demystify finance and to remove financial phobias.
Learners will be able to present and negotiate their case for project or departmental budgets, and justify and defend their performance in terms that senior management will relate to and accept. They will be able to apply key financial terms and indices to evaluate the performance of their project, profit center or cost center, as well as that of their organization. They will also be able to develop and evaluate project proposals as part of a capital budgeting process. In effect, the curriculum is designed to support managers who want to break through the financial 'glass ceiling' and progress in their managerial careers.
Certification: PDU Credits: 20 PDUs
Skill Level: Entry & intermediate levels
Target Audience: Department managers who need to take on budgetary responsibilities, input into business decisions and participate effectively in management reviews, and project managers who need the tools to effectively propose, evaluate and control the financial aspects of their projects.
Here is a complete informational listing of the courses in the Prime Finance curriculum.
|2 hrs||The Ground Rules||This course first explains the relevance of finance for the nonfinancial manager before describing fundamental accounting conventions such as double entry, cash- and accrual-based accounting, and GAAP (Generally Accepted Accounting Principles). A workplace exercise reinforces the distinction between cash and accrual accounting.|
|3 hrs||The Financial Statements||This course gives the learner a thorough understanding of the three universally recognized and accepted financial reports: the income statement, the balance sheet, and the cash flow statement.|
|4.5 hrs||Evaluating Performance||This course begins by distinguishing between trend and competitive analysis and continues by explaining how the liquidity, activity, profitability, and solvency ratios are used to analyze an organization’s performance. A workplace exercise gives the learner an opportunity to apply these ratios to existing companies in the real world.|
|2 hrs||Budgeting Matters||This course illustrates the benefits of budgeting to the work of a manager and describes a range of commonly used budgeting methods, such as zero-based, fixed, incremental, rolling, and flexible.|
|2 hrs||How to Budget||This course describes the process of budget preparation and control. The course illustrates how a budget is flexed to take account of actual performance, and how variances are analyzed and calculated as a basis for corrective action by management. A workplace exercise guides the learner through the preparation and control of a budget.|
|2.5 hrs||Making Investment Decisions||This course describes the decision points that support capital budgeting within an organization, and continues to explore how a range of techniques (including CVP, NPV, payback, IRR, and ARR) can be used to conduct short- and long-term project evaluations within this process. Workplace exercises guide the learner through an evaluation of competing projects.|