Financial Controls for Non-Financial Managers and Supervisors

COURSE DESCRIPTION
The hierarchy of business language has been described as a triangle. The peak being top management and they speak financial or accounting language. The middle layer has to be bilingual and speak financial and operational specific language. The base of the triangle uses the base language and could benefit from knowledge of the financial language.

This course addresses the financial language for those who are not fluent. It will:

• Teach the financial language in laymen’s terms
• Familiarize one  with the fundamental types of  Accounting
• Financial Accounting
• Managerial Accounting
• Cost Accounting

• Introduce terms such as Burden rate, break even trends and others
• Introduce newer thoughts such as Cost of Quality, Total Quality Management
• Relate all of the above to Profitability
• Introduce the various forms of Quality and Profitability Improvement by discussing the several forms and the methods there proponents advocate
• Philip Crosby (Quality is free)
• Dr. Edwards Deming (The Deming way)
• Dr. J. M. Juran (Managerial Breakthrough)
• Six Sigma (An evolutionary method)

COURSE OBJECTIVE
To make the operations managers more effective in dealing with the budgets and intradepartmental accounting reports. To understand the true costs of the functions they manage to give them insight into how to solve their accounting problems.

COURSE CONTENTS

• What is the difference in the Various Accounting types?
• Financial Accounting
• Timeliness
• Terms Reports
• Managerial Accounting
• Difference from financial
• Reports
• Cost Accounting
• Terms
• Reports
• How does Quality fit into the picture?

• What are some of the major ways to address quality in an Accounting sense

• Who and what is The Deming way?
• Who and what is Managerial Breakthrough?
• Who and what is Crosby’s Quality is free?

• What ties them all together? What really is the cost of Quality
• What makes them Different?
• Where does Six Sigma movement fit into the picture?
• How can the individual use what has been learned here?
• Questions?

COURSE ATTENDEES

• Department Managers
• Operations Managers
• Operations Supervisors
• Quality Mangers
• Quality Supervisors

For Registration Information please contact us at 281.448.8432 or kknapp@tiec.com

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