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Finance for Non-Finance Managers


 

Facilitator: Prof. Paul Sergius Koku, Ph.D., J.D.

Date: March 20 - 22, 2017

Course Fee: GHS 600*

Download Application Form

 

For an organization to work effectively, it is important for everyone to move in the same direction, but more importantly, all the functional managers must speak the “same language”.  These truisms have been supported by anecdotal evidence and rims of academic studies.  Nonetheless, it is not unusual to find “non-finance and non-accounting” managers who “speak” little or no “accounting language”.  How can they also be “on the same page” if they do not speak a common language? 

Price is the major marketing variable that influences a firm’s ability to realize a loss or profit.  It influences the buying decision in several respects.  It determines who buys the product, when they buy the product, and how much of the product is bought, and yet very few functional non-finance managers know exactly how the price of the product or service that they sell is determined.  Furthermore, very few non-finance managers know about margins and their firm’s policy on contribution margins.  To some, all these may sound as page from a text book on quantum mechanics.  But these concepts can be made easy and understandable.  Thus, the objective of this course is to break these concepts into easily comprehensible nuggets.

As indicated above, this three (3days) course/workshop is intended for non-finance managers, and hence its objective is to cover basic concepts related to basic asset returns, pricing and profits.  The course covers such concepts as:

  • Interest rates
  • The present value concept of money
  • Variable Cost
  • Fixed Cost
  • Margin
  • Contribution margin
  • Break even volume 
  • Return on investment
  • Value
  • Elasticity of demand
  • Target market

 

Outcomes:

Participants, at the end of this course, should develop better appreciation for the role of price and the extent to which the organization accomplishes its profit and social policy goals. They should also be able to do simple breakeven analysis, margin calculations and consequently determine how much discount a firm could give on a product without violating its contribution margin policy.

 

* Course fee includes: Snack, lunch, certificate, and sourvenirs. 5% discount for all Students, Alumni of Regent, Maastricht and group registration (5 people and above)

 

Payment Details

Bank Name: Access Bank

Branch: Osu 

Account name: Regent University College of Science and Technology 

Account number: 0030100028391

Or

Bank name: Ecobank

Branch: Dansoman

Account name: Regent University College of Science and Technology

Account number: 0080014409688801

 

Accommodation arrangements

Participants who require accommodation can choose from any of the three (3) listed facilities:

  1. Ridma Management Centre (Bethel house). This is about 10 minutes’ walk from the University. A room per person per night is 200 ( breakfast inclusive).
  2. Sylvia’s hostel (one person in a room is 120, two (2) people in a room). The hostel is five minutes walk from the University. Cost is breakfast inclusive.

 

Accommodation arrangements

Participants who require accommodation can choose from any of the three (3) listed facilities:

  1. Ridma Management Centre (Bethel house). This is about 10 minutes’ walk from the University. A room per person per night is 200 ( breakfast inclusive).
  2. Sylvia’s hostel (one person in a room is 120, two (2) people in a room). The hostel is five minutes walk from the University. Cost is breakfast inclusive.

 

 

Contacts

0207970700 (Charlotte Atteh)

0243113435 (Agnes Abbey)

0272089826 (Daniel Agbeko)

 


 

Facilitator Profile

Prof. Paul Sergius KokuProf. Paul Sergius Koku is a €œFulbrighter€ and a tenured full professor at the Florida Atlantic University, Boca Raton, Florida, USA. He holds the JD (the doctor of jurisprudence degree) from the University of Miami School of Law, a Ph.D. (Finance and Marketing), MBA (Finance), and MA (Applied Economics), all from Rutgers University. He also holds MBA (Marketing) from Oregon State University, and BA Finance (Summa Cum Laude) from University of the Virgin Islands. Prof. Koku is a well-known interdisciplinary researcher whose research publications have won several awards and has conducted several workshops interna