Regardless of your functional area of responsibility, it’s critical for you to understand and speak the language of finance and accounting. In this program you’ll learn practical concepts and skills that will help you make better management decisions. A budget simulation (team approach) case study will synthesize the day’s learning objectives and help you to become a more valuable member of your organization’s management team.
Who Should Attend
Anyone who wants a better understanding of financial concepts and strategies.
Learning Objectives
- Understand the major components of financial statements including the audit opinion, statement of earnings or income statement, the balance sheet, cash flow statement and the footnotes
- Use different accounting methods, such as cash, accrual and modified accrual
- Effective produce an annual budget and strategic plan considering salary and benefits, direct and indirect expenses
- Know about capital budgets, depreciation, net present value, risk, return, and the cost of money
- Be able to use typical monthly management reports and understand common financial ratios