Understanding Accounting for non - Accounting professionals

Managers outside finance still need to understand how their organization records and reports its numbers. This 60-minute accounting for non-accountants webinar builds that basic understanding of the accounting and reporting structure.

You'll cover the main concepts of financial accounting and its conceptual framework, then work through the financial statements: the balance sheet, the income statement, cash flows and the statement of changes in financial position, along with notes and supplementary schedules. The session also explains suspense accounts, extraordinary items and taxation so these terms make sense when you see them in reports.

• Explain the main concepts and framework of financial accounting
• Read a balance sheet and an income statement
• Describe cash flows and the statement of changes in financial position
• Use notes and supplementary schedules to interpret statements
• Recognize suspense accounts, extraordinary items and tax entries

Financial accounting

• Main concepts of financial accounting and the conceptual framework
• Financial statements: balance sheet, income statement and cash flows
• Statement of changes in financial position
• Notes and supplementary schedules
• Suspense accounts
• Extraordinary items
• Taxation

Without a grasp of accounting basics, it is hard to read financial reports or take part in decisions about the resources you manage. This session gives non-accountants a clear starting point.

It is designed for internal auditors, financial managers, purchasing and procurement managers and operational managers who need to understand their organization's accounting and reporting.

• 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.