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This one-day module covers the basic concepts of financial accounting and management that are essential for the efficient operation of any business. The day is split between morning and afternoon modules. The morning module covers basic financial accounting topics and the afternoon module builds on these to cover financial management skills.
“Find what you love to do. Find your passion. Know what makes you want to get up in the morning, that's all you need.”
-- Condoleezza Rice
“You have to understand accounting and you have to understand the nuances of accounting. It’s the language of business….”
-- Warren Buffett
“A brilliant idea doesn't make a successful business. Accounting does. Don't ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers.”
-- Tilman J. Fertitta
Michael Newman, Ph.D., CPA, CFE, CIA, CMA
I was born in Canada and raised in South America (Bolivia, Chile, Peru) and Central America (Trinidad & Tobago) by American parents. My father was a geophysicist. I started my first company at age 18 and took it regional before selling it a year later. I helped with another start-up right after my 20th birthday. We took it National and sold it by the time I was 30. Shortly after that (1986) I became involved in not-for-profits that worked with youth and later, abused youth.
I embarked on my current career in 2002. I find that being a professor, teacher and researcher is an extraordinarily rewarding experience! I look forward to spending the rest of my life in my new vocation/avocation!
All in all, I am truly blessed given my wonderful position at UH and the fact I am married to a wonderful woman, Peggy, who continues to love me after 34 years together, and to have 2 great daughters and 4 beautiful and smart granddaughters in my life, all of whom I love and who love me! :)
Morning Module (9 a.m. – Noon)
Creation of Financial Statements
Using and Interpreting Financial Statements
Afternoon Module (1 – 5 p.m.)
Investments and Discounting
Capital Budgeting and Project Evaluation