COURSE OVERVIEW

If terms like depreciation, cash flow & balance sheet make you flinch, then this is the course for you if you’re going to succeed in today’s business world.

KEY SUBJECT AREAS

• Getting the facts straight
• The accounting cycle
• The key reports
• Keeping score
• A review of financial terms
• Understanding debits and credits
• Your financial analysis toolbox
• Identifying high and low risk companies
• The basics of budgeting
• Working smarter
• People and numbers

LEARNING OUTCOMES

This workshop will enable the participant to:
• Describe the art of finance and key financial terms
• Determine your role in company finances
• Find the rules and regulations for your area and industry
• Discuss various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
• Explain how a chart of accounts is created
• Tell the difference between cash and accrual accounting
• Explain single-entry and double-entry bookkeeping
• Differentiate between debits and credits
• Identify and analyze important financial data and make financial decisions
• Read annual reports
• Determine whether a company is financially high or low risk
• Recognize different types of organizational financial plans
• Explain what budgets are and how to prepare them
• Recognize what computer skills you need to make you a financial whiz
• Deal with financial situations that impact the people that work for you