Accounting and Finance Certificate

Obtain the skills necessary to understand and translate financial data quickly and easily.

Gain an understanding of the general terms and concepts of finance and accounting. CPE credits are available upon completion.

Course Objectives

Through lectures and in-class exercises during the first group of sessions, you will learn the basics of generally accepted accounting principles and how these principles are used to develop both the balance sheet and the income statement (also known as the profit and loss statement). You will learn how to use accounting information to perform ratio analysis and better understand the operations of both your company and its competitors. In addition, you will learn how to estimate a company's future funding needs, both through forecasting accounting statements and cash budgeting.

The second group of sessions will focus on finance. Here, you'll first develop an understanding of two basic principles of finance: the time value of money and the importance of cash flows. Next, you will apply these concepts to the problem of project evaluation and will discuss the techniques of net present value, internal rate of return and payback. Through extensive class exercises, you will understand how to apply these concepts in real-life situations and decide which projects are worthwhile investments for an organization.

Finally, we will briefly cover sources of funding and the key characteristics of debt (bonds) and equity (common stock), including their costs. Commercial bank loans and the concept of a company's weighted average cost of capital will also be discussed.

Prerequisite: N/A

Note that you need to be a U.S. resident to attend this open-enrollment program.

Who Should Attend

Managers, professionals, supervisors, support staff and others who work with financial information and wish to obtain the skills necessary to understand and translate financial data quickly and easily.

Suggested Topics

  • Accounting fundamentals and basics of generally accepted accounting principles
  • Developing balance sheets and income statements (profit and loss statements)
  • Ratio analysis
  • Forecasting accounting statements
  • Estimating an organization's future funding needs