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Skillpath Seminars
SkillPath Seminars presents

Virtual Classroom (Live) Accounting Crash Course for Non-Financial Managers Webinar

You will learn how to interpret common financial statements, calculate profit and profitability, accurately price products and create budgets and forecasts that promote future success.

Course Description/Agenda


This comprehensive two-day program was designed especially for managers like you (with little or no formal finance background) who want to gain a solid understanding of accounting and finance. You’ll learn how to interpret common financial statements, calculate profit and profitability, accurately price products and create budgets and forecasts that promote future success. And when you become more informed, you’ll have better insight into your team's contributions to the company’s bottom line.

Instructor-led and highly interactive, this LIVE virtual course will provide you with an understanding of key financial terms and common accounting concepts. Through real-world examples and practical, easy-to-follow exercises, you’ll find out where the all-important numbers come from and how the various statements relate to one another. Best of all, after just two short sessions, you’ll feel more confident conversing with the financial experts and be better equipped to strategically manage the expenses you and your department are responsible for.

WHAT YOU WILL LEARN

  • Develop a baseline of financial understanding
  • Become familiar with common accounting terms and buzzwords
  • Make sense of financial statements and the business transactions that affect them
  • Know how to enter transactions into accounting records
  • Describe how the budgeting process works
  • Understand how your position and team contribute to the bottom line
  • Learn how to make more strategic financial decisions for your department

WORKSHOP AGENDA

Program time: 3 hours each day (6 hours total)

DAY 1

Session 1: Foundations of Accounting and Finance

  • Understand the basic purpose of accounting and how it differs from finance
  • Describe the role accounting plays in management
  • Discuss how accounting and finance figure into the decision-making process
  • Know the difference between assets and liabilities — and how to identify each
  • Explain the importance of documentation in the accounting process

Session 2: Accounting’s Impact on Management

  • Understand the steps of the accounting cycle and why each one matters
  • Know how to record transactions using the double-entry method
  • Explain how debits and credits work
  • Learn the fundamental accounting terms you need to know
  • Identify different types of accounting, including managerial or cost accounting

Session 3: Understanding Revenue, Expenses and Profitability

  • Recognize how revenue, expenses and cash flow gauge an organization’s health and performance
  • Distinguish between cash-basis and accrual-basis accounting
  • Prepare a simple income statement to report revenue and expenses
  • Explore how financial ratios are used to determine profit and profitability
  • Discuss ROI and how it helps shape future business decisions

DAY 2

Session 1: Interpreting Common Financial Statements

  • Identify the 3 basic financial statements, how they differ and how they work together
  • Learn to read balance sheets, income statements and statements of cash flow
  • Discuss financial ratios to gain better understanding from each financial statement
  • Know how to calculate your company’s net income (the bottom line)
  • Understand free cash flow, why it’s important and what it can tell you

Session 2: Markups, Margins and Discounts

  • Determine how to calculate cost of goods sold
  • Know the different inventory systems and the benefits of each
  • Discover how markups, margins and discounts impact sales
  • Explain how companies are able to maintain a profit while offering discounted prices
  • Discuss common-size financial statements as a tool to further explore profitability

Session 3: Budgets and Forecasts

  • Discuss guidelines for developing an effective budget
  • Review common budgeting strategies and challenges
  • Explain why different budgets are created for different functions of business
  • Identify steps needed to produce accurate forecasts
  • List common factors that can negatively impact forecasting

 

More Webinar Information

SkillPath Seminars
Skillpath Seminars

Course Summary

You will learn how to interpret common financial statements, calculate profit and profitability, accurately price products and create budgets and forecasts that promote future success.

Delivery Method

Virtual Classroom (Live) Virtual Classroom (Live)

Who Should Attend

Managers with little or no formal finance background who want to gain a solid understanding of accounting and finance

 
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Webinar Details

9/23/2021 - 9/24/2021
Tuition: $349

9/23/2021 - 9/24/2021
Tuition: $349

9/29/2021 - 9/30/2021
Tuition: $349

9/29/2021 - 9/30/2021
Tuition: $349

10/4/2021 - 10/5/2021
Tuition: $349

10/4/2021 - 10/5/2021
Tuition: $349

10/6/2021 - 10/7/2021
Tuition: $349

10/6/2021 - 10/7/2021
Tuition: $349

10/13/2021 - 10/14/2021
Tuition: $349

10/13/2021 - 10/14/2021
Tuition: $349

10/20/2021 - 10/21/2021
Tuition: $349

10/20/2021 - 10/21/2021
Tuition: $349

10/27/2021 - 10/28/2021
Tuition: $349

10/27/2021 - 10/28/2021
Tuition: $349

see all dates

 

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Availability
Select a date from the list at the bottom of the page for specific information about that class.

Other Information
Virtual Classroom (Live)

All Date/Location Information

9/23/2021-9/24/2021 at 9:00:00 AM CT
9/23/2021-9/24/2021 at 1:00:00 PM CT
9/29/2021-9/30/2021 at 9:00:00 AM CT
9/29/2021-9/30/2021 at 1:00:00 PM CT
10/4/2021-10/5/2021 at 9:00:00 AM CT
10/4/2021-10/5/2021 at 1:00:00 PM CT
10/6/2021-10/7/2021 at 9:00:00 AM CT
10/6/2021-10/7/2021 at 1:00:00 PM CT
10/13/2021-10/14/2021 at 9:00:00 AM CT
10/13/2021-10/14/2021 at 1:00:00 PM CT
10/20/2021-10/21/2021 at 9:00:00 AM CT
10/20/2021-10/21/2021 at 1:00:00 PM CT
10/27/2021-10/28/2021 at 9:00:00 AM CT
10/27/2021-10/28/2021 at 1:00:00 PM CT