This composite course covers all the essential elements of Making Financial Statements, Understanding & Analysing Financial Statements & Essential Ratios on the Road to Profits & Productivity. Attendees receive a review and understanding of all essential elements of Finance & Accounting 101 simplified in this one composite course. A must for non-financial professionals seeking to obtain a composite knowledge of the tools & techniques of finance & accounting in one composite webinar.

Course Objectives:-

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. There are several myths about accounting that 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 apply tools and techniques.

Three related Finance & Accounting topics 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 is 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

Course Outline:-

• 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
• Comparison of business to personal financial statements
• Meaning of finance and accounting
• Meaning of cash vs. accrual accounting
• Explanation of debits and credits with actual exercises to illustrate their application in transforming transactions to statements
• Examples of accounts and how transactions are recorded using debits and credits with actual attendee exercises and sample transactions
• 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

Who Will Benefit:-

• Non- financial professionals interested in learning in a simple to understand and apply terms tools & techniques how financial transactions into financial statements
• Financial professionals that need a refresher
• Beginning non-financial professionals
• Intermediate non-financial professionals
• All financial professions seeking a refresher