Short Description:
Many managers and executives have heard that ‘accounting is the language of business;’ yet have not taken the
opportunity to become basically literate. This course offers the accounting language in a structured process.
Participants will gain access to the language in a variety of exercises that eventually link to the Annual Reports
and to the budgets prepared and managed by the executives. No preparation is necessary except to bring an
open mind and a budget document or other financial documents of interest. By combining techniques, analysis,
problems, and examples with real case studies the course provides delegates with key cost awareness and
budgetary skills, which is essential in managing and controlling processes/projects in times of increasing global
competition where the budgets are inextricably linked with both strategy formulation and cost analysis. This
course not only presents the key financial tools generally used, but also explains the broader context of how
and where they are applied to obtain meaningful answers. It provides a conceptual backdrop both for the
financial/economic dimensions of systematic business management and for understanding the nature of
financial statements, analyzing data, planning and controlling. The conference is targeted at providing a
university-quality ‘MBA’ overview of accounting, decision making, and financial communications. Participants are
expected to be high-potential learners seeking the next level of learning. Additional bibliographies, readings,
and spreadsheets will be provided as takeaways.
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