Description

Many of us flinch when we hear terms like depreciation, cash flow, balance sheet, and (worst of all!) budgets. However, these are all important concepts to understand if you’re going to succeed in today’s business world, particularly as a supervisor. Even better, financial terms are not as scary as they seem.

Objectives

You will spend the first part of the day getting to know participants and discussing what will take place during the workshop. Students will also have an opportunity to identify their personal learning objectives.

Course Overview

1 - Getting the Facts Straight

The first session will go over basic financial terms
Explore their role in company finances
Governing organizations in their area.

2 - The Accounting Cycle

Four phases of the accounting cycle
Key concepts: cash vs. accrual methods

3 - The Key Reports

Take a close look at balance sheets and income statements
Review cash flow statements and statements of retained earnings

4 - Keeping Score

Explain the chart of accounts and single vs. double entry accounting.

5 - A Review of Financial Terms

Introduction to some additional financial terms.

6 - Understanding Debits and Credits

De-mystify accounting terms: debits and credits.

7 - Your Financial Analysis Toolbox

Sources for financial data
Tips on weeding out useless information
Calculate common ratios
Read an annual report, and some useful decision-making tools.

8 - Identifying High and Low Risk Companies

Guidelines for identifying high and low risk companies.

9 - The Basics of Budgeting

What is a budget?
How a budget fits into the big picture
The budgeting process

10 - Working Smarter

Basic checklist of computer skills required for success
How to choose an accounting package

11 - People and Numbers

Dealing with finances
Expense Reports
Making cuts to someone’s pay?
Provide tips on what to do.

Accounting Skills Virtual Classroom Live November 12, 2024

Price: $350

Enroll today to reserve your spot!