BUY COURSE NOW - online self directed

The Budgets And Financial Reports workshop will give you a solid foundation in finance. Money matters can be intimidating - having a solid understanding of financial terms and methods is essential to your professional career as well as your personal wealth management. When terms like ROI, EBIT, GAAP, and extrapolation join the conversation, you'll want to be able to contribute valuable information to the discussion. We'll cover topics like commonly used terms, financial statements, budgets, forecasting, purchasing decisions, and financial legislation.

Course Objectives:

• Identify financial terminology
• Understand financial statements
• Identify how to analyze financial statements
• Understand budgets
• How to make budgeting easy
• Understand advanced forecasting techniques
• Understand how to manage the budget
• Identify how to make smart purchasing decisions
• Identify the legal aspects of finance

Course Outline:


Budgets and Financial Reports

Module One: Glossary

• What Is Finance?

• Commonly Used Terms

• Key Players

• Important Finance Organizations

• Understanding GAAP

Module Two: Understanding Financial Statements

• Balance Sheets

• Income Statements

• Statement of Retained Earnings

• Statement of Cash Flows

• Annual Reports

Module Three: Analyzing Financial Statements (l)

• Income Ratios

• Profitability Ratios

• Liquidity Ratios

• Working Capital Ratios

• Bankruptcy Ratios

Module Four: Analyzing Financial Statements (ll)

• Long Term Analysis Ratios

• Coverage Ratios

• Leverage Ratios

• Calculating Return on Investment (ROI)

Module Five: Understanding Budgets

• Common Types of Budgets

• What Information Do I Need?

• Who Should Be Involved?

• What Should A Budget Look Like?

Module Six: Budgeting Made Easy

• Factoring In Historical Data

• Gathering Related Information

• Adjusting For Special Circumstances

• Putting It All Together

• Computer Based Methods

Module Seven: Advanced Forecasting Techniques

• Using the Average

• Regression Analysis

• Extrapolation

• Formal Financial Models

Module Eight: Managing the Budget

• On the Right Track

• Updating

• Keeping a Budget Diary

• When to Panic

Module Nine: Making Smart Purchasing Decisions

• 10 Questions You Must Ask

• Determining the Payback Period

• Deciding Whether to Lease or Buy

• Thinking outside the Box

Module Ten: A Glimpse into the Legal World

• A Brief History

• The Sarbanes Oxley Act

• CEO/CFO Certification



Module Eleven: Assignment Review / Wrap Up

Business Acumen

Module One: Seeing the Big Picture

• Short and Long Term Interactions

• Recognize Growth Opportunities

• Mindfulness of Decisions

• Everything is related

• Case Study

• Module One: Review Questions

Module Two: KPI’s (Key Performance Indicators)

• Decisiveness

• Flexible

• Strong Initiative

• Intuitive

• Case Study

• Module Two: Review Questions

Module Three: Risk Management Strategies

• Continuous Assessment

• Internal and External Factors

• Making Adjustments and Corrections

• Start, Stop, Continue

• Case Study

• Module Three: Review Questions

Module Four: Recognizing Learning Events

• Continuous Learning

• Evaluate Past Decisions

• Problems are Learning Opportunities

• Recognize Your Blind Spots

• Case Study

• Module Four: Review Questions

Module Five: You Need to Know These Answers and More

• What Makes My Company Money?

• What Were Sales Last Year?

• What is our Profit Margin?

• What Were Our Costs?

• Case Study

• Module Five: Review Questions

Module Six: Financial Literacy (I)

• Assets

• Financial Ratios

• Liabilities

• Equity

• Case Study

• Module Six: Review Questions

Module Seven: Financial Literacy (II)

• Income Statement

• Balance Sheet

• Cash Flow Statement

• Read, Read, and Read

• Case Study

• Module Seven: Review Questions

Module Eight: Business Acumen in Management

• Talent Management

• Change Management

• Asset Management

• Organizational Management

• Case Study

• Module Eight: Review Questions

Module Nine: Critical Thinking in Business

• Ask the Right Questions

• Organize the Data

• Evaluate the Information

• Make the Decision

• Case Study

• Module Nine: Review Questions

Module Ten: Key Financial Levers

• Investing in People

• Effective Communication

• Process Improvement

• Goal Alignment

• Case Study

• Module Ten: Review Questions

Module Eleven: Assignment Review / Wrap Up