Course description
From recording the dollar impact of business decisions to the preparation of the resulting financial reports, gain an understanding of the accounting process. Come away with the ability to converse with the finance people intelligently and grasp the all-important numbers side of business. Become familiar with common accounting concepts and buzzwords used by accounting insiders, while also developing a baseline of financial understanding to clear up any confusion.
What You Will Learn:
In this workshop you will gain an understanding of the accounting process, from recording the dollar impact of business decisions to the preparation of the resulting financial reports. You will come away with the ability to converse with the finance people intelligently and grasp the all-important numbers side of business. This workshop will help you become familiar with common accounting concepts and buzzwords used by accounting insiders. You’ll develop a baseline of financial understanding and clear up any confusion between different kinds of financial statements and identify their purpose and relation to each other.
Key Topics:
- The accounting equation and the relationship among its components
- The basic accounting principles
- The accounting process: journals and ledgers
- How debits and credits work
- How various business transactions affect financial statements
- Cash accounting versus accrual basis accounting
- The difference between accounting profit and cash flow
- Retained Earnings: the bridge between the Income Statement and the Balance Sheet
- Applying accounting conventions and guidelines
- The purpose of and terminology associated with the key financial statements: Income Statement or Profit and Loss Statement (P&L), Balance Sheet, Statement of Retained Earnings, and Cash Flow Statement
Who Should Attend:
This program is designed for both new managers of all backgrounds and established managers with non-finance backgrounds in every functional area of responsibility and in all industries.
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Upcoming start dates
Who should attend?
This program is designed for both new managers of all backgrounds and established managers with non-finance backgrounds in every functional area of responsibility and in all industries.
Training content
- The accounting equation and the relationship among its components
- The basic accounting principles
- The accounting process: journals and ledgers
- How debits and credits work
- How various business transactions affect financial statements
- Cash accounting versus accrual basis accounting
- The difference between accounting profit and cash flow
- Retained Earnings: the bridge between the Income Statement and the Balance Sheet
- Applying accounting conventions and guidelines
- The purpose of and terminology associated with the key financial statements: Income Statement or Profit and Loss Statement (P&L), Balance Sheet, Statement of Retained Earnings, and Cash Flow Statement
Course delivery details
Online Seminars :- All online seminars are hosted in real-time via. Zoom. Be prepared to participate with your class in discussion with your instructor. If you have not used Zoom or would like to learn more, please visit Getting Started with Zoom.
Scheduling :- All online seminars will be held across two-consecutive days from either 8:30-12:00 or 1:00-4:00 CST.
Costs
The fee is ₹350 (USD).
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