Basic math and accounting.

Course Description

The Pocket CFO: Tools and Metrics is a one-stop problem-solver for today's busy executive. Sequel to The Pocket MBA: Concepts and Strategies, this course is a working guide to help you quickly navigate the complex world of business.

The first part covers accounting principles and guidelines for evaluating a company's financial health. You'll gain an increased understanding of various financial statements and their implications. The materials then move on to review financial analysis tools, financial metrics, and financing methods for decision making. Finally, the course covers the seemingly complex world of quantitative analysis, including statistics for forecasting and validity testing. Decision theories, such as include linear programming, learning curve theory, and queuing models are presented concisely and comprehensively to help you use such sophisticated techniques with relative ease.

Designed in question-and-answer format in order to address the pertinent issues that come up during the course of business, this course is a veritable cookbook of guidelines, illustrations, and 'how-to's' for the modern decision maker.


Delta Publishing

For many years, Delta Publishing has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.

Course Specifics

Feb 22, 2017
Basic math and accounting.

Compliance Information

Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Identify the objectives of financial reporting and the key elements contained within different financial statements
  • Recognize the purpose and content of the statement of cash flows
  • Note the process for analyzing cash flow, including how to prepare and analyze the statement of cash flows and how to use the information for corporate planning
  • Identify key sections and crucial information contained within the annual report, noting the types of audit opinions a CPA may render
  • Recognize issues addressed by the Sarbanes-Oxley (SOX) Act, noting the groups impacted by the legislation and the regulatory bodies responsible for monitoring and enforcing the Act

Chapter 2

  • Recognize key financial statement analysis tools used to evaluate a company's financial condition, noting the elements of horizontal and vertical analysis and differences between industry comparison and trend analysis
  • Identify the types of financial ratios, noting specific examples
  • Calculate the value for different financial ratios
  • Recognize the components of Return on Investment (ROI) and the Dupont Formula, noting the relationship between ROI and return on equity (ROE) as well as the role of financial leverage in enhancing shareholder value
  • Compute ROI and recognize how it can be improved

Chapter 3

  • Note ways to analyze divisional and departmental performance, responsibility accounting, and responsibility centers
  • Recognize the concept of Economic Value Added (EVA) and how it can be improved
  • Identify the components of contribution margin analysis, noting when a product should be sold below its normal selling price
  • Note methodologies used in product pricing, factors to consider when evaluating a product line, and ways to measure marketing effectiveness
  • Recognize the major steps in the budgeting process, noting the different types of budgets that can be prepared
  • Identify different attributes and uses of variance analysis as a control device
  • Recognize how accounting systems work, noting the requirements for activity-based costing, life-cycle costing, and target costing
  • Recognize how balanced scorecard approach works and how balance is achieved

Chapter 4

  • Note the defining characteristics of cost-volume-profit (CVP) analysis, breakeven analysis, and contribution margin as well as their use in solving business problems
  • Recognize the role of CVP in solving a 'what if' analysis
  • Cite the impact of a change in sales mix on profits
  • Recognize the defining characteristics of leverage, noting the various types of leverage and how to measure operating leverage
  • Note terminology associated with the time value of money, including how to calculate present (discounting) and future (compound) values
  • List some applications of present and compound values

Chapter 5

  • Note the defining characteristics of capital budgeting as well as its use
  • Identify popular techniques for evaluating business investments, noting applicable requirements and computations for each method

Chapter 6

  • Recognize key elements that affect working capital and cash management, noting the risk-return trade-off in current versus fixed assets
  • Identify ways to maximize return on cash and manage accounts receivable
  • Identify factors to consider when selecting an investment portfolio, types of investments, ways to manage an investment portfolio, and the kinds of risks involved in investing
  • Recognize smart ways to invest in your business, including available financing alternatives, types of short and intermediate term financing, factoring, and costs associated with raising funds, short-term and long-term debt, and equity securities
  • Note the importance of diversification in reducing risk as well as how to compute portfolio return and calculate portfolio risk
  • Distinguish between the capital asset pricing model (CAPM) and the arbitrage pricing model (APM), noting application calculations

Chapter 7

  • Recognize the most commonly used basic statistics, noting their defining characteristics and usage in business decisions
  • Identify forecasting techniques including the formula models used for calculating moving averages and exponential smoothing
  • Note the defining characteristics of regression analysis including the application of the least squares method to find best fit line for the graph that represents a regression equation
  • Identify the components of trend analysis as well as its computation
  • Identify the types of statistics you should look for in regression analysis as well as the statistics for multiple regressions
  • Recognize the measures available for summarizing forecasting errors and the process for choosing the best forecasting equation

Chapter 8

  • Identify mathematical and statistical techniques used to quantitatively solve problems pertaining to managerial planning and decision making
  • Recognize components and applications of linear programming to make optimize complex decisions
  • Identify techniques for inventory planning and control

Choose Your Preferred Format

Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy

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