Course Description
The following is the course description for the Budgets and Financial Reports Course:
The goal of this workshop is to give the participant a basic understanding of budgets and financial reports so they can hold relevant discussions and render decisions based on financial data. This course will define key terms like ROI, EBIT, GAAP, and extrapolation. Furthermore, this one-day course will discuss commonly used financial terms, financial statements, budgets, forecasting, purchasing decisions, and laws that regulate the handling of financial information. Before we begin, let us get to know more about each other.
You Will:
In this course, participants are going to achieve the following learning objectives:
Identify financial terminology
Understand financial statements
Identify how to analyze financial statements
Understand budgets
How to make budgeting easy
Understand advanced forecasting techniques
Understand how to manage the budget
Identify How to make smart purchasing decisions
Identify the legal aspects of finances
Agenda
Course Core Competencies:
Module 1: Glossary
Topic A: What is Finance?
Topic B: Commonly Used Term
Topic C: Key Player
Topic D: Important Financial Organizations
Topic E: Understanding GAAP
Module 2: Understanding Financial Statements
Topic A: Balance Sheets
Topic B: Income Statements (AKA Profit & Loss Statements)
Topic C: Statement of Retained Earnings
Topic D: Statement of Cash Flows
Topic E: Annual Reports
Module 3: Analyzing Financial Statements (I)
Topic A: Income Ratios
Topic B: Profitability Ratios
Topic C: Liquidity Ratios
Topic D: Working Capital Ratios
Topic E: Bankruptcy Ratios
Module 4: Analyzing Financial Statements (II)
Topic A: Long-Term Analysis Ratios
Topic B: Coverage Ratios
Topic C: Leverage Ratios
Topic D: Calculating Return on Investment (ROI)
Module 5: Understanding Budgets
Topic A: Common Types of Budgets
Topic B: What Information do I Need?
Topic C: Who Should Be Involved?
Topic D: What Should a Budget Look Like?
Module 6: Budgeting Made Easy
Topic A: Factoring in Historical Data
Topic B: Gathering Related Information
Topic C: Adjusting for Special Circumstances
Topic D: Putting It All Together
Topic E: Computer Based Methods
Module 7: Advanced Forecasting Techniques
Topic A: Using the Average
Topic B: Regression Analysis
Topic C: Extrapolatio
Topic D: Formal Financial Models
Module 8: Managing the Budget
Topic A: How to Tell If You’re on Track
Topic B: Should Your Budget be Updated
Topic C: Keeping a Diary of Lessons Learned
Topic D: When to Panic
Module 9: Making Smart Purchasing Decisions
Topic A: 10 Questions You Must Ask
Topic B: Determining the Payback Period
Topic C: Deciding Whether to Lease or Buy
Topic D: Thinking Outside the Box
Module 10: A Glimpse into the Legal World
Topic A: A Brief History
Topic B: The Sarbanes-Oxley Act
Topic C: CEO/CFO Certification
Topic D: 8th Company Law Directive