FINANCIAL SYSTEMS FOR NON-ACCOUNTANTS

COURSE OBJECTIVES

In general, this program, over two (2) days, seeks to enable participants with no (or minimal) accounting background to learn, explain and apply the principles, basic tools and techniques of the accounting process.

COURSE GOALS

At the end of the program, participants will be able to:

• Understand the accounting function
• Describe the role of accounting in making informed decisions to improve the business and increase profits;
• Explain types and uses of various financial records;
• Apply accounting principles within their department;
• Work with basic financial statements
• Discuss and apply principles, concepts, methods and procedures of financial management and planning such as capital budgeting, cost-volume profit analysis, and working capital; and
• Read financial statements and analyze and use them for decision-making.

COURSE TECHNIQUE

The course will use a combination of lecture / discussion, exercises and cases.

COURSE OUTLINE

1. WHAT IS “PROFIT” OR “LOSS”
1. Cash Method
2. Accrual Method
2. KEEPING TRACK OF COSTS
1. Direct Costs
2. Indirect Costs
3. Overhead
3. FINANCIAL STATEMENTS
1. Balance Sheet
2. Income Statement
3. Statement of Funds
4. ALTERNATIVE USES OF FUNDS
5. THE BUDGETING PROCESS
6. CASES AND PROBLEMS

**********Courses can be modified to fit ½ day and 1 day schedules**********