Many of us flinch when we hear terms like depreciation, cash flow, balance sheet, and (worst of all!) budgets. However, these are all important concepts to understand if you’re going to succeed in today’s business world, particularly as a supervisor. Even better, financial terms are not as scary as they seem!
What Will Participants Learn?
Describe the art of finance and key financial terms
Determine your role in company finances
Find the rules and regulations for your area and industry
Discuss various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
Explain how a chart of accounts is created
Tell the difference between cash and accrual accounting
Explain single-entry and double-entry bookkeeping
Differentiate between debits and credits
Identify and analyze important financial data and make financial decisions
Read annual reports
Determine whether a company is financially high or low risk
Recognize different types of organizational financial plans
Explain what budgets are and how to prepare them
Recognize what computer skills you need to make you a financial whiz
Deal with financial situations that impact the people that work for you
What Topics are Covered?
Getting the facts straight
The accounting cycle
The key reports
Keeping score
A review of financial terms
Understanding debits and credits
Your financial analysis toolbox
Identifying high and low risk companies
The basics of budgeting
Working smarter
People and numbers
What’s Included?
Instruction by an expert facilitator
Small, interactive classes
Specialized participant manual and course materials including a pre-assignment and a post-assignment
A personalized Certificate of Completion