Workplace Learning from FutureU™
Finance & Accounting for managers
 
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Successful administrators must be able to build budgets and stick to them. They must also understand how their projects fit in with the overall organizational fiscal policies and goals. The basic principles of accounting and finance can help administrators be more accountable to the organization and gain better control over their own project budgets.

This Module will introduce basic budgeting techniques for control at the project level and the basic financial statement presented in annual reports for accountability at the organizational level. Understanding both will make it possible to construct the best possible budgets within the context of overall organizational needs.

Participant Profile

Executives and mid- to upper-level managers who are not specially trained in financial management but who want to understand, interpret, develop and apply basic financial principles to the management of departments, divisions, or projects.

Topics

  • Basic financial concepts.
  • How to understand and apply financial ratios.
  • Basic budgeting concepts
  • Performance budgets, cost accounting, profit centers, zero-based budgeting.
  • Why costs must be tied to project goals, time frames and schedules.
  • How to get the expert input needed to create the best budgets.
  • How to estimate costs for staff, outside service vendors, experts, and other factors.
  • Bottom up versus Top down budgeting.
  • The Master budget as a control method.

Module Design

When delivered online, this module lasts two weeks when offered as part of the focused-learning program on Core Competancies for managers. It is also available as a stand-alone, four-week course. In either case, it requires an average of 10 hours a week of participation and study time.

Delivery Options

Off-the-shelf or customized to meet your organization's needs. Usually delivered entirely online, via FutureU 's Internet-accessible electronic campus or on your own Intranet. Participants "attend class" from their own desktop or laptop computers, at home or at work, and at whatever time is most convenient to them. Such asynchronous online delivery is especially suited to geographically separated employee groups and those who find it a challenge to fit learning into an already full work schedule. Can also be adapted for on-site delivery.

Customization

Every organization faces a unique set of challenges and opportunities. The FutureU team can customize this module or any other FutureU module or program to address your real workplace concerns and integrate case study material based on your organization's experience. This course can also be modified for "blended" delivery integrating a mix of face-to-face and online work to ease those with little technology experience into the world of online learning.

 
FutureU
Course
Module 1
Module 2
Module 3
Module 4
Module 5
Module 6

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