Re-imagine Finance & Accounting Made Simple. Three Webinars in one

Non-financial professionals who manage resources need to read and analyze financial statements. This 90-minute finance and accounting webinar for non-financial managers combines three related courses into one session.

The first part shows how transactions become statements, with exercises on debits and credits, double-entry accounting and cash versus accrual accounting. The second covers the balance sheet, income statement and cash flow statement, including positive signs and red flags. The third explains five categories of key ratios, how to calculate them from the statements and how to use them in business decisions.

Along the way, common myths about accounting are cleared up with simple, practical tools.

• Explain how business transactions are transformed into financial statements
• Apply debits, credits and double-entry accounting to sample transactions
• Distinguish cash from accrual accounting
• Identify the components of the balance sheet, income statement and cash flow statement
• Spot positive elements and red flags in financial statements
• Calculate key ratios and use them in business decisions

Making financial statements

• How financial transactions connect to the balance sheet, income statement and cash flow statement
• The basic framework, concepts and principles used to transform transactions
• The simple meaning of finance and accounting, and cash vs. accrual accounting
• Six generic types of transactions in every company
• Debits and credits, with exercises using sample accounts and transactions
• Double-entry accounting and why it is key to accuracy
• Comparing business and personal financial statements

Understanding and analyzing financial statements

• Components of each statement, using sample statements
• Key positive elements and red flags
• Using statements as the basis for business decisions

Key business ratios

• Five categories of key ratios
• Calculating ratios from their source statements
• Using ratios to make financial decisions

Doubt about accounting often keeps managers from using financial information to control the resources they are responsible for. This session replaces that uncertainty with straightforward tools you can apply, reinforced with attendee exercises.

It is aimed mainly at non-financial professionals who manage and control resources, and it also works as a refresher for financial professionals.

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