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In this course, students will learn about accounting fundamentals.


TARGET AUDIENCE:
This course is intended for non-financial individuals who want to gain basic knowledge of accounting fundamentals.

COURSE OBJECTIVES:
Upon successful completion of this course, students will understand cash and accrual accounting, basic recordkeeping, ledger and journal entries and financial statement preparation.

COURSE OUTLINE:


Getting the 'Right ' Numbers

  • Qualitative vs. Quantitative Decision-Making
  • Standards
  • Effective and Efficient Decisions
  • Constraints

Review of the Financial Statements

  • The Balance Sheet and Income Statement
  • Statements of Cash Flow
  • What the Financial Statements Do Not Tell You

Making Money

  • Maximizing Profit or Minimizing Cost
  • Thinking in Units
  • Defining Cost

Identifying Costs and Their Behaviors

  • Fixed, Variable, and Mixed Costs
  • Relevant Range
  • Cost Per Unit
  • Cost Categories on the Income Statement
  • Discerning Variable Costs
  • Discerning Mixed Costs

Controlling Costs

  • Contribution Margin on the Income Statement
  • Activity-Based Costing
  • Non-Value-Added Activity

Am I Breaking Even?

  • The Cost-Volume-Profit Graph
  • The Contribution Margin Approach to Break-Even
  • Calculating 'What If' Profit
  • Margin of Safety

Operating Leverage

  • Defining Operating Leverage
  • Operating Leverage and the Bottom Line

Influences on Pricing

  • Pricing in Line with the Competition
  • Trade-Offs Between Price and Demand
  • Elasticity of Demand Illustrated
  • Market and Cost Influences on Pricing
  • Qualitative Factors in Relation to Price

Making the Numbers Work for You

  • Responsible Decision-Making
  • Quality Mangement
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    • V Virtual Live
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Virtual Live2/20/2018 8:00:00 AM<span class="course-type type-v" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'VILT')" onmouseout="clearHoverInfo()">V</span>1 day395.002271331
FL Miami2/20/2018 8:00:00 AM<span class="course-type type-cv" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'HVILT')" onmouseout="clearHoverInfo()">Cv</span>1 day395.002384222
Virtual Live3/23/2018 8:00:00 AM<span class="course-type type-v" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'VILT')" onmouseout="clearHoverInfo()">V</span>1 day395.002271334
WI Brookfield3/23/2018 8:00:00 AM<span class="course-type type-cv" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'HVILT')" onmouseout="clearHoverInfo()">Cv</span>1 day395.002384247
Virtual Live5/4/2018 8:00:00 AM<span class="course-type type-v" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'VILT')" onmouseout="clearHoverInfo()">V</span>1 day395.002271337
NV Reno5/4/2018 8:00:00 AM<span class="course-type type-cv" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'HVILT')" onmouseout="clearHoverInfo()">Cv</span>1 day395.002384327
Virtual Live6/12/2018 8:00:00 AM<span class="course-type type-v" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'VILT')" onmouseout="clearHoverInfo()">V</span>1 day395.002271339
MI Detroit6/12/2018 8:00:00 AM<span class="course-type type-cv" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'HVILT')" onmouseout="clearHoverInfo()">Cv</span>1 day395.002384391
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