In today's business climate, the financial health of your organization has never
been more critical …
As companies slash budgets, attempt to squeeze more out of dwindling resources,
and strive to continue their day-to-day operations on a leaner business model, finance
and accounting professionals are expected to go into overdrive: running a fine-toothed
comb through the budget, recommending new cost-cutting measures, tracking and analyzing
every expenditure, and minimizing wasteful spending that in other years may have
slipped through the cracks. Today, corporate higher-ups want an accurate account
of every single dollar that flows into and out of your organization.
If you are new to finance and accounting, taking on additional financial responsibilities,
or looking to increase your value to your organization, this course is a must-attend!
From understanding financial statements, to budget preparation and development,
you will master the basic skills necessary to excel in your new position!
Become a more valued member of your department in just one day of training!
This course will give you the hard skills and confidence you need to take initiative
in meetings, offer your opinion more readily, take on extra responsibilities when
asked, and present yourself as a savvy, knowledgeable professional in the areas
of finance and accounting. By brushing up on the basics in this seminar, you'll
find that you are less likely to have to ask colleagues for help. Instead, you will
be the one others depend on when they have questions or need a project turned around
quickly.
You'll gain a wealth of tools for analyzing and interpreting critical financial
information, and discover how to use financial data to determine the direction,
goals, and health of your company. What you learn here will help you work with your
department to regulate cash flow and make timely, educated business decisions regarding
purchases, business expansion, increasing personnel, borrowing capital, and much
more.
Read Seminar Agenda
Finance and Accounting for Anyone with Newly Assigned Financial Responsibilities
Seminar Overview
The Business Advantage: Understanding Finance and Accounting
- How to achieve business results through the "Success Triangle" —
Accurate Accounting Information, Financial and Operational Decision Making,
and Positive Economic Results
- Methods to measure, evaluate, and drive your company's financial performance
- Tools to evaluate the landscape of your company's condition and performance
- The 3 accounting equations — Condition, Performance, and
Taxable Income
How to Construct Accurate Accounting Records
- Debit and credit rules for assets, liabilities, equity, revenue, and expenses
- Two methods used to recognize expenses and revenue: cash basis and accrual
basis
- The Universal "T" Account, the Debit and Credit Proficiency
Table, and the Rulebook of Accounting Classification — 3 tools
for executing the double-entry accounting system
Back to Seminar Overview
Ways to Measure and Evaluate Your Company's Condition and Performance
- How to understand, interpret, and utilize financial reports
- 10 essential formulas to analyze financial statements
- How to use cost tracking, break-even analysis, and pricing models to drive your
company's profitability
- 4 red flags to watch for that could indicate fraudulent practices within your organization
Not-for-Profit Organizations:
- How revenue sources, operating purpose, and ownership interests differ from for-profit
organizations
- Accounting practices and financial statements for NFPs
- Classifications of Net Assets and Contributions for NFPs
Back to Seminar Overview
How to Budget with Ease, Accuracy, and Minimal Frustration
- A budgeting checklist: a list of items to include (people, documents, categories)
- The single most important key to budget accuracy
- How to use current financial reports to prepare the budget
- When to watch out for these red flags — they always spell budget trouble!
- Fiscal year vs. calendar year — which is right for your organization's budget?
- How to budget for fixed costs, variable costs, and one-time costs
- How to use the budget to determine the best timing for capital investments
Back to Seminar Overview
To find out more about Finance and Accounting for Anyone with Newly Assigned Financial
Responsibilities, contact our customer service department at
customerservice@pryor.com or by phone at (800) 780-8476.
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