Leaders lead more than people. They also “lead” by analyzing and making financial decisions that benefit their projects and the organization’s bottom line. To be an effective leader, you do not need to be an accountant, but you must know how to work with financial information.
This course covers essential tools and concepts related to the accounting cycle, budgeting process, and financial analysis and management, and expands your knowledge relevant to best professional practices. At the end of this course you should be able to:
+ Identify the three primary legal forms by which businesses are organized.+ Describe the accounting cycle and steps of a typical budgeting process.+ Explain three fundamental financial statements.+ Describe ways of measuring and analyzing organizational performance.+ Describe how relevant costs and benefits are used for financial decision making.
Wesley E. Donahue, Ph.D., PE, PLS, PMP, 6σ Black Belt (This email address is being protected from spambots. You need JavaScript enabled to view it.), is the course Master Instructor. Formerly, he was the director of Penn State Management Development, a self-supporting provider of education and training services to business and industry clients around the world. Before joining Penn State, he was co-founder and executive vice president of a manufacturing and specialty engineering firm; manager of corporate development and international manager of technology for a Fortune 200 company; and, professional associate of a worldwide provider of technical management professional services.
