Course
Number 210
Basic Financial Concepts
Part I
Income Statements, Balance Sheets & Cash Flow
30 hours of instruction
Format: Text for Classroom or Self-study Instruction
Price: $60.00
|
Course
Number 210 Income Statements, Balance Sheets & Cash Flow 30 hours of instruction Format: Text for Classroom or Self-study Instruction Price: $60.00 |
|
Training for those at all levels, who are interested in becoming more knowledgeable about the basics of finance and accounting. This course will help those involved in inventory control, equipment purchases, staffing, sales policies, purchasing, production scheduling and other decision making positions understand the implications of their actions on the organization’s financial performance.
Topics covered include:
How decisions at all levels impact the income statement, balance sheet and cash flow.
How earnings are calculated.
The impact of working capital changes on financial performance.
The importance of operating cash flow.
How capital expenditures and other decisions impact a
company’s ability to pay its bills.
Why a company can be profitable and still have trouble
paying its bills.
How payment terms can help or hurt cash flow.
Why it makes sense to write off bad debt and unusable inventory.
The difference between amortization and depreciation.
How depreciation reduces earnings but improves cash flow.
The implications of capitalizing a cost versus expensing
it.
Why an increase in selling price always increases earnings more than an equivalent increase in sales volume.
This course is an excellent way to help new hires learn the basic financial elements of a business. It is also a great way to help a new supervisor make the transition to management. Thinking about sending employees to a basic financial training seminar? Try this first, it may be all they need. At the very least it will supercharge what they get out of the course.
Prerequisites - knowledge of basic math and a very general understanding of business operations.
Package includes a 150+ page workbook totaling 30 hours of instruction, plus a multiple choice tests, a job performance check list and an Administrator's guide.
View sample pages from this course
View the table of contents for this course