|
This program is designed to address the needs
of non-financial personnel to understand financial information.
The program teaches the basic concepts of financial management within
a typical business environment and a company's financial system
using exercises, illustrations and discussion. The two-day workshop
emphasizes traditional financial reports, performance characteristics
of various costs, ratio analysis, organizational budgeting and capital
investing. Participants learn frequently used financial terms, develop
financial reports from common business events, gain an understanding
of the relationships between the financial reports, analyze departmental
budgets and evaluate capital investment projects. The course is
recommended for all employees, especially for managers and supervisors
with little or no training or experience in finance.
- Learn the language of finance and accounting.
- Learn to read and understand financial
statements.
- Understand the role of operating personnel
in the financial reporting process.
- Relate common company activities to
financial reports.
- Analyze financial reports using comparisons
and ratios.
- Use financial information to better
perform my job.
The Wonderful World of Finance
- Terms, roles, and relations
Common Business Activities
- Interpret common business activities and
determine if the events should be recognized as accounting transactions.
Emphasis is on understanding which business events are accounting
transactions, business terminology, and the need to clearly
describe an event to ensure proper recording in the accounting
records.
The Balance Sheet
- What are assets, liabilities, and equity.
What the $'s represent in real things. How assets, liabilities,
and equity are created and live.
Income Statement
- Statement of Earnings or P&L
- Results of operations. A statement
of what the business did during this period.
- Revenues
- Cost of Goods Sold
- Operating Expenses
- Non-operations revenues and expenses.
Statement of Cash Flows
- What is cash, where does it come from, and
where does it go.
The Statement Of Change In Stockholders Equity
- What is your stock worth, how it increases/decreases
in value.
Cost And Expense
- Types of Costs/expenses – labor,
materials, other
- Fixed vs. Variable
Report Analysis
Organizational Budgeting
- The Budgeting process.
- Relationship of various business activities
to the budgeting process.
- Application of understanding of costs
and expenses to budgets.
Capital Investing
- Cash flow vs accounting evaluations
- Time Value of Money
- Evaluation Methods
Back to the top | Back
to Focus Areas | Back to Course Listing
|
