Regardless of your field or industry, you need to acquire a basic understanding of financial terms and concepts in order to succeed in business. This introductory course provides you with an overview of accounting methods, standards and terminology, and teaches you how to use financial information in everyday business transactions.

Who Should Attend

 

• New and existing supervisors/managers
• Professionals who want to enhance their existing career in business
• Career changers who want to develop their business skills

 

Topics/Syllabus

 

• Basic accounting concepts: Understand fundamental accounting concepts and terms and learn how to use Generally Accepted Accounting Principles (GAAP) to ensure that your organization follows sound accounting practices.
• Business accounting: Gain an overview of the types and characteristics of assets an organization may encounter—current assets, long-term assets, intangible assets and natural resources—and how to manage them.
• Understanding financial statements: Learn to prepare and interpret four financial statements-income statements, balance sheets, cash flow statements and stockholder equity statements.
• Budgeting essentials: Find out how to create and enforce a budget by analyzing financial statements, setting objectives and monitoring performance.
• Profit planning: Learn cost analysis, pricing and breakeven analysis.
• Analyzing financial statements: Discover the various tools available for analyzing financial statements.
• Capital budgeting: Learn financial modeling for decision-making, including time value of money concepts, risk and capital budgeting and capital budgeting tools, such as Internal Rate of Return (IRR) and Net Present Value (NPV).