2. Let me introduce myself: I'm Dr. Amanda N Gibson, consultant in Management and Leadership, professor, author and speaker. My books: Succession Planning In Nonprofits: The Distance Between What We Know and What We Do; Nonprofit Realities Everybody Must Face; both available at Amazon.com

3. Why Study Finance? Marketing –Budgets, marketing research, marketing financial products Accounting –Dual accounting and finance function, preparation of financial statements Management –Strategic thinking, job performance, profitability Personal finance –Budgeting, retirement planning, college planning, day-to-day cash flow issues

4. Business Finance Some important questions that are answered using finance –What long-term investments should the firm take on? –Where will we get the long-term financing to pay for the investments? –How will we manage the everyday financial activities of the firm?

5. Goal Of Financial Management What should be the goal of a corporation? –Maximize profit? –Minimize costs? –Maximize market share? –Maximize the current value of the company ’ s stock? Does this mean we should do anything and everything to maximize owner wealth? Sarbanes-Oxley Act

7. BUDGETING & ACCOUNTING Objectives Financial overview of the organization Business Office introduction Controller’s office and account structure Administrative systems, Banner Finance Budget Services and the budget process

9. Reasons to Learn Finance There are things you cannot learn about a company any other way. If you do not understand financial statements and what they tell you, you will be missing some critical information about the firm. And hiring someone to do it for you, DOES NOT WORK!!

10. Understanding Financial Statements Goal: Understand the financial consequences of decisions There are three basic financial (or accounting) statements: –Income Statement –Balance Sheet –Cash Flow Statement

11. Small business owners need to know the concepts of financial management included in the simple, everyday bookkeeping tasks. Understanding more sophisticated concepts like credit and collections policies, managing your cash flow, major purchases and projects, and financial position analysis will further help you manage the financial side of your business. Why?

12. Putting solid practices into place early will help save you time and money. Managing your financial records regularly is an important factor in financial success. Your cash flow is much more than just debits and credits. Key Takeaways from This Module

13. ANG Management Coaching and Consulting offers a variety of consulting services for small business owners, designed to address everything from major strategic issues to more basic problems affecting everyday business practices. Additional Resources: ANG – MCC identifies, researches alternatives and solves business problems with the highest value-adding solutions. Our team of professionals looks forward to meeting you at one of our seminars, at our conference booths, through various communications channels, or just to connect through social media (see details at www.ang-mcc.comwww.ang-mcc.com). Seminars Books Call us! Thank you!