Every manager needs to be financially-savvy to ensure they are making the best decisions within their department. This includes understanding and managing budgets, financial reports and business plans.
You need to be able to understand and communicate the financial performance of your department and understand how the decisions that you make impact the bottom line. When you understand accounting and finance, you are in a better position to recognize opportunities for managing costs and contributing to the profitability of the organization.
Increase your comfort level in reviewing and interpreting financial reports and using those reports to make decisions for your own department. You’ll be able to gain faster approval for new ideas and plans when you present the information in financial terms so a decision can be made at the leadership level.
This workshop is ideal for managers, supervisors and team leads who need a better understanding of finance and accounting in order to more effectively manage their departments or workgroups to ensure they are contributing to the bottom line of the organization, and anyone who wants to expand their knowledge and understanding of finance and accounting.
Please bring a calculator to this workshop.
This workshop is an elective for Project Management, Leadership and Supervisory Skills Certificate Programs.
Ira Hoffman joined The Dow Chemical Company after earning a BS in Physics from the Rochester Institute of Technology and an MBA in Finance from the University of Chicago Booth School of Business.
During his career with Dow, Hoffman spent eight years in Dow’s Information Technology department and 18 years in various finance functions including credit risk management, pension operations, and internal auditing. He has led multinational teams in six of the seven continents.
After retiring, Hoffman relocated to the Portsmouth area, and served on the Board of Directors of MPAY, Inc., a North Carolina company that provides cloud-based Payroll, HR, Compliance, and Cash Flow solutions.
In 2017 he joined SCORE, a nation-wide all-volunteer organization affiliated with the Small Business Association that provides free mentoring services for small business owners. Hoffman currently serves as the vice-chair of the Portsmouth chapter of SCORE.
Hoffman is a second degree black belt in Uechi Ryu karate and a fourth degree black belt in tae kwon do.