Finance & Accounting 101 Simplified

Better financial decisions start with knowing how your organization's numbers are put together. This 60-minute finance and accounting 101 webinar gives managers a basic understanding of the accounting framework and how it relates to profitability.

You'll look at the conceptual framework, the divisions of the ledger and the main financial statements: the balance sheet, the income statement, cash flows and the statement of changes in financial position, plus notes and supplementary schedules. The session also explains suspense accounts, extraordinary items and taxation, so you can follow what these items mean for results.

• Explain the accounting conceptual framework
• Describe the divisions of the ledger
• Read the balance sheet, income statement and cash flow information
• Interpret notes and supplementary schedules
• Recognize suspense accounts, extraordinary items and tax items

• The conceptual framework
• Divisions of the ledger
• Balance sheets, cash flows and financial statements
• Income statement and statement of changes in financial position
• Notes and supplementary schedules
• Suspense accounts
• Extraordinary items
• Taxation

Managers who understand accounting basics can see how their day-to-day decisions affect profitability and can talk with finance teams on equal terms. Knowing how the ledger feeds the balance sheet, income statement and cash flow figures makes reports far easier to follow.

The session is designed for internal auditors, financial managers, purchasing and procurement managers and operational managers who want a simple foundation in finance and accounting.

• Internal Auditors
• Financial Managers
• Purchasing and Procurement Managers
• Operational Managers

Richard E. Cascarino, MBA, CIA, CISM, CFE, CRMA Well known in international auditing, Richard is a principal of Richard Cascarino & Associates based in Colorado, USA and Johannesburg, South Africa with over 32 years of experience in audit training and consultancy. He is a regular speaker at National and International conferences and has presented courses throughout Africa, Europe, the Middle East, and the USA. Richard is a Past President of the Institute of Internal Auditors in South Africa, was the founding Regional Director of the Southern African Region of the IIA-Inc, and is a member of ISACA, and the Association of Certified Fraud Examiners, where he was a member of the Board of Regents for Higher Education.

Richard was Chairman of the Audit Committee of Gauteng cluster 2 (Premier's office, Shared Services, and Health) in Johannesburg and is currently the Chairman of the Audit and Risk Committee of the Department of Public Enterprises in South Africa.