Finance & Accounting for the Non-Financial Manager

  • Fast finance and accounting - so you can get to work.

    One day of finance and one day of accounting provide all the basics an experienced manager needs to contribute to financial discussions with confidence. 

    High quality business education at an affordable price.

Improved your business acumen

Finance and Accounting for the Non-Financial Manager is an intensive, two day plunge into the world of money, numbers, reports, and data.  Become a more valuable and strategic leader flyerManagers with little formal, business school education in finance and accounting will understand key terms, interpret financial statements, learn to use numbers in decision-making, plus much more.

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If your goal is to become a more valuable and strategic leader, you'll want to brush up on your finance and accounting.

The more accountable you are to your organization's success, the more you need a sound understanding of money.

Whether you're already in an accountable position or just want to be, this course is for you.

This program attracts a diverse audience from senior executives looking for a fresh perspective to managers with expertise in an area other than finance/accounting. 

Business school professors Emily, Steve and John make this class eye-opening and empowering. 

Program Benefits

Why should you take Finance and Accounting for the Non-Financial Manager?

  • Improve your business acumen
  • Become a more valuable and strategic leader
  • Learn how to read your financial statements
  • Understand how your company makes money and how it reports its financials
  • Respond appropriately to financial information
  • Look at projects from a managerial accounting perspective and see them differently
  • Take home a decision-making tool kit
  • Communicate your contribution to the bottom line
  • Pinpoint areas for cost savings across your organization
  • Uncover drains on profitability
  • Know the limitations of various decision criteria methods

Learn how to use tools and look at your challenge from a financial perspective. 

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What past participants said were the key take-aways:

-The most valuable segment was profit and loss.  That's where the value of the company is.

-I gained methodology to value a project.

-I feel much better about financial statements and what the key terms mean.

-I sit in meetings and they're just numbers.  Now it makes sense. 

-The budgeting piece was most valuable, just fantastic.

Costs, Dates and Registration

New date: September 13 & 14, 2016

Tuition:  $1,399 per person.
Early Bird:  $1,260 by August 2
USNH Alum: $1,134 by August 2
     USNH = UNH, PSC, KSC, GSC
 

Fees are inclusive of: All pre-work and program materials; meals during the program (breakfasts, lunches, morning and afternoon breaks); and 1.6 Continuing Education Units (CEUs).  USNH includes the University of New Hampshire, Plymouth State University, Keene State College, and Granite State College.

Registration and Cancelation Policies:

No penalty and full refunds for cancelations up to 30 days.  UNH reserves the right to cancel this program up to 14 days in advance.

For detailed information, please see our cancelation policy.

Discounts available for 2 or 3 people from the same company attending the same program.  Contact us for details, exec.ed@unh.edu.

Apply for a scholarship.

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Learning Experience

A sample schedule for the 2 day Finance and Accounting for the Non-Financial Manager program follows. Please note,  this schedule is subject to change and a more detailed agenda will be presented to enrolled participants.

  • Learn accounting principles of three basic financial statements:  Balance Sheet, Income Statement, and Statements of Cash. 
  • With your enhanced understanding, practice using ratio analysis to accurately interpret financial statements. 
  • Learn how cost information can be used for planning and control… and for performance evaluation.
  • Understand the budgeting process.
  • That's just Day One!

 

 

 

Day 1

Day 2

 

 

 

Morning

Session

Welcome

 

Introductions and Program Overview

Overview of Financial Statements

-Accounting principles
-Balance sheet
-Income statement
-Statement cash flow

Problem Solving

Basics of Project Evaluation and Analysis (Capital Budgeting

-Investment criteria methods
-Profitability Index
-Computing
-Time value of money
-Investing criteria
-Capital budgeting project analysis

Mini Case

Afternoon

Session

Interpretation of Financial Statements

-Ratios
-Financial statements of publicly traded companies
-How we interpret financial statements
-How we use financial statements

Costing Methods

Problem Solving

Derivatives

-Futures
-Options

Mini Case

Financial Calculator

Discussion

Wrap up and review

 

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Who Should Attend

Who should attend?

Managers with a non financial expertise

Executives who want to update their knowledge

Leaders with limited experience with finances

Decision-makers who lack formal financial training

Those responsible for a budget

The "people person" who manages well by instinct and can use some formal financial training.

Leaders looking to make better presentations to their CEOs, CFOs or board members.

 

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Program Instructors
Emily Xu, Ph.D.

Dr. Emily Xu 

Dr. Xu is an Associate Professor of Accounting at the Peter T. Paul College of Business and Economics. Emily joined Paul College in the fall of 2003.  She received her Ph.D. in Accounting from the University of Massachusetts Amherst. She received a Bachelor’s degree in Finance from Peking University, China. Her teaching areas include financial accounting, managerial accounting, financial statement analysis, and financial accounting theory. She has received the Whittemore School Excellence in Teaching Award in 2008 and the Alan Freeman Prize for Outstanding Teaching in the Graduate Accounting Program in 2008 and 2012.

Emily’s research areas are analysts’ forecasts of earnings, the residual income valuation model, market timing of different components of earnings and financial restatements. Her prior work has been published in various peer-reviewed academic journals, including top accounting journals such as the Journal of Accounting and Economics. Her research has been recognized with awards by the Northeast American Accounting Association and by Emerald Literati Network.

Emily lives in Lee NH with her husband, Liang and daughters, Sophie and Julia.

 

 Stephen Ciccone, Ph.D.  

Stephen J. Ciccone, Ph.D.

Dr. Ciccone is an Associate Professor of Finance at the University of New Hampshire. He joined Paul College in 2000 after receiving a Ph.D. in Finance from Florida State University. He also holds a Bachelor’s degree and a Master’s degree in accounting from the University of Florida. He worked as an auditor for Arthur Andersen from 1994 to 1996 and has been a Certified Public Accountant (CPA) since 1995.

Stephen’s research primarily examines issues surrounding behavioral finance and analyst forecasts, and his work has appeared in a multitude of finance and accounting journals. His teaching interests include financial management, investments, and derivatives. He also coadvises the Atkins Investment Group, a group comprised of students actively managing a stock portfolio. He received both the Paul College’s Outstanding Researcher (2006) and Teaching Excellence (2010) awards.

Stephen was born in New Jersey but grew up in Florida. He enjoys skiing, racquetball, literature, and music.

John Hasseldine, Ph.D.

John Hasseldine, Ph.D.

Dr. Hasseldine is a Professor of Accounting and Taxation in the Department of Accounting and Finance. He teaches advanced managerial accounting and international taxation.  Previously he taught for 14 years at the University of Nottingham in the U.K. where he established the Taxation Research Institute – the first of its kind in a UK Business School. He has been a visiting professor at the Australian School of Business in Sydney and a keynote speaker at their international tax administration conference.  He travels widely, speaking at national and global conferences.

Dr. Hasseldine has over 80 publications, including four books and monographs and over 700 citations.  His prior executive education experience includes teaching on programs for the U.K. Treasury and for Thomas Cook (a U.K. package holiday company). John received his Ph.D in Accounting in 1997 from the Kelley School of Business at Indiana University-Bloomington, his M.S. in Accounting and B.S. in Commerce from the University of Canterbury, Christchurch, New Zealand.  

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Program Brochure

 

Download Brochure

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We also welcome your phone calls and emails.

email:  exec.ed@unh.edu

phone:  603-862-5203

Press Release

UNH Peter T. Paul College of Business & Economics launches Two Day Finance Program for Managers

January 21, 2016

Program helps non-financial managers make better decisions.

three money jars

DURHAM, N.H. – Few opportunities to learn proper business finance and accounting on the job leaves non-financial managers at a disadvantage when allocating resources, selecting projects, or making investing and purchasing decisions.  That can hurt any company’s bottom line.

Back to News

In response to a growing local need for college-level instruction in business finance, the executive development department at the Peter T. Paul College of Business in Economics at the University of New Hampshire approached accounting and finance faculty Stephen Ciccone, Ph.D., Emily Xu, Ph.D. and John Hasseldine to design a two day program for non-financial managers.

 

“Professor Ciccone, Professor Xu and Professor Hasseldine have years of experience training engineers, program managers, and other non-financial managers on how to read financial statements, how a company makes money and reports money, how to measure shareholder value, how to use data to make big decisions, and the like. Both instructors have an easy, passionate teaching style that brings the subject matter to life without seeming daunting or difficult,” said Daniel McCarthy, Director of Executive Development Programs at Paul College.

 

The not-for-credit program includes instruction and practice sessions to help attendees gain confidence in the concepts learned.  Case studies and quick scenarios are used to illustrate how different interpretations of the data produce different outcomes.

 

“We’re not going to make you a financial whiz in two days,” said Professor Ciccone.  “What we can do is teach you the basics, help you practice until you’ve really got it, and send you away with a heightened awareness of profits and costs.  We can provide a tool kit so you can still do it when you get back to your desk.”

 

Professor Ciccone is an associate professor of finance at the UNH Paul College.  His research interests include behavioral finance and analyst forecasts.  He is regularly published in finance and accounting journals.  He is the college’s 2010 recipient of Teaching Excellence Award and the 2006 Paul College Outstanding Researcher Award. Professor Ciccone is an alumnus of the University of Florida and received his Ph.D. in finance from Florida State University.

 

Professor Xu is an associate professor of accounting at the UNH Paul College. She has taught courses on financial accounting, managerial accounting, financial statement analysis and financial accounting theory.  Professor Xu received her Ph.D. in Accounting from the University of Massachusetts Amherst. She received a Bachelor’s degree in Finance from Peking University, China.  She researches in the fields of analysts’ forecasts of earnings, market timing, and the residual income valuation model.  Professor Xu is the 2008 recipient of the Paul College Teaching Excellence Award and was twice awarded the Alan Freeman Prize for Outstanding Teaching in the Graduate Accounting Program.

 

Professor Hasseldine is a professor of Accounting and Option Coordinator, Accounting at the UNH Paul College.  His fields of specialization include tax administration, compliance costs, and tax compliance.  Professor Hasseldine received his Ph.D. in Accounting from the Bloomington, Kelley School of Business at Indiana University.  He received his Masters and Bachelors degree of Commerce at University of Canterbury.  He is widely published in accounting journals and other publications.

 

The program date is September 13 & 14, 2016.

 

The cost is $1,399 a person.  Enjoy an Early Bird price of $1,260 by August 2.  UNH alums pay $1,134 by August 2.  Fees include pre-work and program materials; meals during the program (breakfasts, lunches, morning and afternoon breaks); and 1.6 Continuing Education Units (CEUs).  More information can be found at https://paulcollege.unh.edu/executive-education/open-enrollment-programs....

Tuition:  $1,399 per person.
Early Bird:  $1,260 by August 2
USNH Alum: $1,134 by August 2

Individuals interested in participating in the Paul College executive development programs should contact Patricia Walsh, executive development program coordinator, at 603-862-5203 or email patricia.walsh@unh.edu.

 

The Peter T. Paul College of Business and Economics offers a full complement of high-quality programs in business, economics, accounting, finance, information systems management, entrepreneurship, marketing, and hospitality management at UNH. Programs are offered at the undergraduate, graduate, and executive development levels. The college is accredited by the Association to Advance Collegiate Schools of Business, the premier accrediting agency for business schools worldwide. For more information, visit paulcollege.unh.edu.

 

The University of New Hampshire, founded in 1866, is a world-class public research university with the feel of a New England liberal arts college. A land, sea, and space-grant university, UNH is the state's flagship public institution, enrolling 12,565 undergraduate and 2,196 graduate students at the Durham campus.

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Testimonials and Program Evaluations

"I found this program to be extremely beneficial for any mid-level manager (nonfinancial). The instructors' materials were right on for the information that I was looking to gain in attending this program."

-Ken Nolan, Watts Water

 

"I do not have a finance/accounting background. Emily did a wonderful job explaining all content and really helped me to have a much better understanding of the content.  It was excellent - thanks!" 
2015 Participant

 

"It was fantastic hearing about the financial statements."
2015 Participant

 

"The atmosphere was relaxing and engaging.  I need to dust off my accounting section of the brain and process what was presented.  Great morning and afternoon session."
2015 Participant

 

"I liked John's style. I could understand clearly what he was talking about."
2015 Participant

 

"Stephen's pace was excellent, as was his patience!  An excellent instructor."
2015 Participant

 

"I have always gone to Boston for Executive Education but I will be attending UNH classes/programs from now on."
2015 Participant

 

"I liked the hands-on aspect of all sections.  I liked the opportunity to work with others in the group."

 

"Faculty was extraordinary - Very up on their disciplines."

 

"Three instructors with varied topics kept material flowing smoothly

 

"What I liked best about this program was the ability to break financial measures down to an easy-to-understand level."

 

"The content was effective and relevant. I will no longer be lost when I look at financial statements."

 

"Facilities and organization of the program were both fantastic."

 

"I look forward to participating in future Executive Development Programs."

Heartwarming Story co-starring instructor John Hasseldine

Accounting for Abby: How an “Ah Ha!” Moment Turned into an On-the-Farm Honors Thesis

Tuesday, July 7, 2015
Written by Tracey Bentley | Communications and Public Affairs

Original story here

University of New Hampshire accounting graduate Abby Lamothe '14 '15G is studying for the CPA exam and getting ready to start a full-time job in her field. 

Sustainability matters to Abby Lamothe. During her sophomore year, the business administration/accounting major took the courses Food and Society and Food and Class as electives. She began looking at food “through a different lens,” she says, and became especially interested in the acceptance and use of food stamps at farmers markets. By the time she started her junior year, Lamothe had become active in the local food movement and a fixture at the North Berwick farmers market just over the border in Maine, where she volunteered.

One day during Advanced Managerial Accounting class in the fall semester of her senior year, professor John Hasseldine was explaining different accounting theories using an example Lamothe could relate to — a dairy farmer.

It was an “ah ha” moment for the Dover native, whose honors thesis deadline loomed. “I had been thinking about my thesis, but nothing had jazzed me up to that point,” says Lamothe. “But here was a chance to meld my food interests perfectly into my accounting interests.” After the lecture she approached Hasseldine, and her thesis project was born: Farm Business Management: A Localized Analysis of Financial Tools Utilized in Agribusiness.

She set out to learn more about the accounting systems used in agribusiness. To start, she conducted 21 meetings with seven area farms, gathering information about farm sizes, product lines, pricing and accounting structures, and witnessing the operations during on-site visits. She expected to find that regardless of what types of products farms were producing, the underlying accounting systems would be the same, but instead she found that every business had a different cost structure and calculated differently. “I realized that pursuing this further would result in a 5,000-page thesis, which wasn’t feasible,” Lamothe says.

She talked with Hasseldine, then zeroed in on three farms that had an overlapping product — broiler chickens — to look for similarities and differences in their accounting systems. Lamothe examined a dozen aspects of their operations to “figure out the nooks and crannies.” She looked at the amount of square footage the broilers had, slaughter cycles and feeds, for example. “Since my focus was on the cost accounting side of things, these are really important factors that farmers need to know and understand. If the broilers are raised for six weeks, how much does that cost in terms of labor and feed? Would a 12-week cycle produce better meat and therefore greater value, and would it be cost-effective?” These are the kinds of variables farmers take into consideration, says Lamothe, because all affect their bottom line.

Once she got the analytics going, Lamothe began to see similarities and patterns. “I was able to make comparisons — among the three farms, themselves, and to industry standards.

“They trusted me with their secret financial data,” Lamothe says. “It was really rewarding.”

During weekly meetings, Lamothe and Hasseldine caught up on her progress.

“Abby was simply the most prepared student at UNH I have had the pleasure to supervise,” says Hasseldine. “She would make our meeting schedule, produce an agenda, bring a print out of documentation and reference material and be ready to discuss the next steps. Every week, I’d get a narrative and her enthusiastic update.”

In the end, Lamothe shared her results with the three farms. “I wanted to bring it full circle,” she says. “I got great information; I wanted them to get great information, too.” She has kept in touch with the businesses.

Hasseldine says that while many accounting projects deal with big-picture aspects of the accounting environment, such as technical rules for auditing companies and intricate details of tax laws, “Abby’s project was simply different in a very refreshing way. She identified the research problem herself and adapted the textbook approach of Managerial Accounting to study real-life issues and decisions that farmers need to consider. Essentially, she was studying sustainability from an accounting viewpoint on a local perspective.” 

Lamothe says it was “nice to bring a fresh new topic to the accounting department,” and it helped fuel her passion about the topic. Today, having graduated in May from the one-year master's of science in accounting program at the Peter T. Paul College of Business and Economics, she is studying for the CPA exam. In the fall, she’ll begin working as a staff auditor for Baker Newman Noyes at the firm’s Manchester, New Hampshire, office.

Photography by Scott Lamothe

Q & A

Q:     I’m looking to brush up on my skills when it comes to analyzing a balance sheet and a profit and loss statement, running basic calculations, using the basic financial terminology and assessing a business’s ability to take on additional debt.  Do you think this course would be a good fit?

A:     Dr. Xu answers:  In my session, I certainly cover the balance sheet, P&L and ratios to help to interpret these financial statements. The only item listed in his question, which I do not have much coverage, is an entity’s ability to take on additional debt. I do cover some debt-related ratios, but I suspect he may be looking for more than that. Steve – would you mind chiming in with regards to our coverage on one’s ability to take on additional debt? Thank you!  Best, Emily.

A:     Dr. Ciccone answers:  Thanks Emily.  My related session is more about project evaluation, but I can definitely add some material about choosing debt versus equity.  The short answer to the question of how much debt is that it depends on some of Emily's debt ratios, so I think the student will get some good information on the topic.  Best,
Steve