RECORDED TRAINING COURSE

Three related Finance & Accounting topics are presented in this Webinar:-

Making of Financial Statements: 

• Transforming transactions to statements
• Interactive exercises to illustrate the accounting process
• Overview of the entire accounting process in simple to understand  steps

Understanding & Analyzing Financial Statements

• Summary of three required financial statements
• Key positive elements & red flags
• Using statements as the basis for crucial business decisions

Key Business Ratios as the Road to Profits & Productivity

• Five categories of essential ratios
• Calculating ratios from their financial statement source
• Understanding how to use ratios to make key financial decisions

These three webinars are combined into one 90-minutes webinar of composite tools & techniques to provide a comprehensive understanding of finance & accounting in simple to understand and apply tools & techniques.

SESSION HIGHLIGHTS:

• Comprehensive composite course covering finance and accounting essentials
• Suitable for both non-financial professionals and financial experts seeking a refresher
• Exploration of the connection between financial transactions and required statements (Balance Sheet, Income Statement, Cash Flow Statement)
• Overview of the basic framework, concepts, and principles guiding transaction transformation
• Breakdown of components within each financial statement using sample statements
• Identification and understanding of six generic transaction types common to all companies
• Simplification of business versus personal financial statements for easy comparison
• Clear explanations of finance and accounting fundamentals
• Differentiation between cash and accrual accounting methods
• Illustrative exercises on debits and credits application in transforming transactions
• Practical examples of accounts and transaction recording using debits and credits
• Explanation of double-entry accounting and its significance in ensuring accounting accuracy
• Introduction to key tools for understanding and analyzing financial statements
• Techniques for comprehending and utilizing key financial ratios in decision-making processes

Why You Should Attend:

Non-Financial professionals need the skills and tools to analyze financial statements in the management control and application of resources for which they are responsible. There are several myths about accounting that must be overcome to gain a basic knowledge of accounting and how transactions are transformed into statements. These myths are converted into meaning. Doubt and uncertainty about accounting are removed with a simple understanding and apply tools and techniques.

Who Should Attend:

This Webinar is primarily designed for all Non-Financial Professionals who have the management and control of resources. Financial professionals can also benefit from a refresher. The primary focus is on Non-Financial Professionals. It is Accounting 101 made simple!!

During the Q&A session following the live event, ask a question, and get a direct response from our expert speaker.