For many managers, the company’s financial statements remain a mystery. However, as these managers move into increasingly senior positions, incentives are frequently tied to those very statements, and discussions regarding financial performance become more regular. A basic understanding of both financial statements and project evaluation tools allows for rational decisions and intelligent discussions.

Program Content

Analysis and Interpretation of Financial Statements:

The Income Statement

  • Defining revenue, cost of sales, and gross and net profit
  • Differentiating between capital and operating expenditures

The Balance Sheet

  • Assets, liabilities, and equity
  • Current and fixed assets
  • Short-term versus long-term liabilities
  • Depreciation and retained earnings

Using Ratios to Analyze and Interpret Statements

  • Deriving meaning from company financial statements
  • Common financial ratios
  • Using ratios to determine financial strength, viability, and liquidity
  • Relating leverage levels to risk

Cash Flow and Working Capital Management

  • The Cash Flow Statement
  • Recognizing the difference between profit and cash
  • Identifying the key elements of the cash flow statement
  • Determining historical operating cash inflows and outflows

Working Capital Management

  • Optimizing the impact of working capital on cash flow
  • Forecasting future cash flows
  • Controlling inventory levels
  • Managing receivables and payables

Pricing, Costing, and Break-even Analysis

  • Deriving Optimum Costing
  • Classifying fixed and variable costs
  • Comparing costing techniques
  • Marginal costing and contribution
  • Absorbing direct and indirect costs into products or services

Analyzing Break-even Points

  • Calculating a project’s break-even point
  • Evaluating a product discontinuation decision

Project Evaluation

  • Assessing the financial viability of capital investments
  • Evaluating the limitations of ROI and payback
  • Appraising potential capital investments using discounted cash flow techniques

What You Will Learn

  • How to talk to financial people
  • How to evaluate financial reports
  • How to make sound project decisions

Who Should Attend

  • Non-financial managers who want to have a better understanding of financial reporting and decision-making processes
  • Managers not directly involved in the financial division of their organization

This course is also available for in-house management training


Brochure 2019-2020

Program Information

    Course Dates

    Fall: October 23-25, 2019

    Winter: March 9-11, 2020

    Course Hours



    $1595.00 + HST

    The price includes:

    • Course material
    • Certificate of completion

    Register Now