You'll learn ...
- How to read financial statements
- How to use proven accounting methods to forecast revenue and plan for growth
- How to discuss and report financial data in the appropriate terminology
- 15 indispensable terms that will help you speak the language of finance and accounting
- And much more
Gain the finance and accounting savvy you need to plan budgets, justify requests and spot problems before they get out of hand. In just two days of intensive training, you'll learn the practical financial skills that will help you make better management decisions ... knowledge you'll use throughout your career.
Day one: 9:00 - 4:00 p.m.
How to understand and use the "language of business"
- What every manager needs to know about the basic building blocks of accounting and finance
- How to cut through the jargon to translate financial data into meaningful concepts and understandable terms
- The 15 financial terms your business vocabulary must include
- Financing business-where the money comes from ... types of loans ... short-term, long-term financing ... unsecured loans ... factoring ... advantages and disadvantages of each
- How to present your ideas and plans in the appropriate financial terms
- How to avoid the most common sources of confusion between accountants and managers
- 5 important ways understanding and applying Generally Accepted Accounting Principles (GAAP) will make you a more effective manager
"Finance 101" for managers
- Which concepts of budgeting all managers need to understand
- 2 powerful financial concepts you'll use throughout your career
- The important differences between figuring expenses and revenues on a cash versus accrual basis
- 4 real-world examples of how to use depreciation to reduce taxable net profit
- How to identify fixed versus variable costs
- How to develop workable rules for setting up financial statements
- When and why to capitalize expenditures
- Payables and receivables-what every manager must know
- "Profit" and "loss"-understanding the real meaning of each
Generally Accepted Accounting Principles-financial statements and reports
- How to compute net worth and stockholders' equity
- How to account for assets, liabilities, equity, revenue and expenses
- Understanding the basic "T" accounting system
- Sorting business transactions into the appropriate debits and credits
- Understanding the basics of the accounting cycle
- Checking for accuracy: The value of taking a trial balance
- Simple guidelines for posting accounts
- How to understand and interpret the most common financial reports
Day two: 9:00 a.m. - 4:00 p.m.
Using the financial tools available to you to make better management decisions
- 3 measuring sticks for evaluating the financial performance of any endeavor
- How you play a role in controlling cash flow even if your department is not a profit center
- When and where to record business transactions and how to use the information recorded
- How to quickly decipher balance sheets, income statements and cash flow reports
- Tips from the professionals on how to prepare financial statements
- How to report financial information in the proper format
- How to use a simple formula for figuring break-evens
- 3 quick ways to find the vital numbers in any financial report
- The key financial ratios to consider when analyzing financial statements
- How to use accounting principles to make realistic growth projections
- 2 important elements to look for in annual reports
Computers and financial management
- Overview of the available software packages: Accounts receivable and payable programs, budget tracking systems and more
- Recognizing what personal computer software programs can do for you-and what they can't
- Evaluation criteria to help you select the best software package for your unique needs
Registrations for classes must originate from either the United States or Canada.
Cancelation Policy: If you cannot attend an event, you may send someone else in your place. If that isn’t an option for you, cancellations received up to five working days before the event are refundable, minus a registration service charge ($10 for one-day events; $25 for multiple-day events). After that, cancellations are subject to the entire seminar fee, which you may apply toward a future seminar. Please note that if you don’t cancel and don’t attend, you are still responsible for payment.