Non-financial professionals need the skills and tools to analyze financial statements in the management control and application of resources for which they are responsible. Several myths about accounting must be overcome to gain a basic knowledge of accounting and how transactions are transformed into statements. These myths are converted to meaning. Doubt and uncertainty about accounting are removed with simple-to-understand and applied tools and techniques.
WHY SHOULD YOU ATTEND?
Three related Finance & Accounting courses are presented in this Webinar:
Making of Financial Statements:
- Transforming transactions to statements
- Interactive exercises to illustrate the accounting process
- Overview of the entire accounting process in simple-to-understand steps
Understanding & Analysing Financial Statements
- Overview of three required financial statements
- Balance Sheet
- Income Statement
- Cash Flow Statement
- Key positive elements & red flags
- Using statements as the basis for key business decisions
Key Business Ratios as the road to profits & productivity
- Five categories of essential ratios
- Calculating ratios from their financial statement source
- Understanding how to use ratios to make key financial decisions
These three separate Webinars are combined into one 90-minute webinar of composite tools & techniques to provide a comprehensive understanding of finance & accounting in simple to understand and apply tools & techniques. Attendee exercises & participation are used to reinforce training. All essential elements of finance & accounting are covered in this webinar which is three courses in one.
AREA COVERED
- The overall connection of financial transactions to required statements of:
- Balance Sheet
- Income Statement
- Cash Flow Statement
- The basic framework of finance and accounting and the concepts and principles used to transform transactions
- Components of each financial statement using sample statements
- Six Generic types of transactions in every company
- A simple comparison of business to personal financial statements
- The simple meaning of finance and accounting
- The simple meaning of cash vs. accrual accounting
- A simple explanation of debits and credits with actual exercises to illustrate their application in transforming transactions into statements
- Simple examples of accounts and how transactions are recorded using debits and credits with actual attendee exercises and sample transactions
- A simple explanation of double-entry accounting and why it is key to the process of accounting accuracy
Key tools to understand and analyze financial statements - Tools & techniques to understand key financial ratios and how to use them in making key business decisions
- This is a key composite course of all essential elements of finance & accounting primarily for non-financial professionals.
- It is a great refresher for financial professionals
Overall you will learn in simple to understand and apply tools and techniques on how business financial transactions are transformed into financial statements. I guarantee it!
WHO WILL BENEFIT?
- This Webinar is primarily designed for all Non-Financial Professionals who have the management and control of resources
- Financial professionals can also benefit as a refresher
- The primary focus is on Non-Financial Professionals
- It is Accounting 101 made simple!!
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