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Duration: 64 hrs

Recommended Prerequisites

No prerequisites are required for this course.


Course Overview

Many of us flinch when we hear terms like depreciation, cash flow, balance sheet, and (worst of all!) budgets. However, these are all important concepts to understand if you’re going to succeed in today’s business world, particularly as a supervisor. Even better, financial terms are not as scary as they seem!



Learning Objectives

  • Describe the art of finance and financial management
  • Explain key financial terms
  • Determine your role in company finances
  • Find the rules and regulations for your area and industry
  • Discuss various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
  • Explain how a chart of accounts is created
  • Tell the difference between cash and accrual accounting
  • Explain single-entry and double-entry bookkeeping
  • Differentiate between debits and credits
  • Identify and analyze important financial data
  • Make financial decisions
  • Read annual reports
  • Determine whether a company is financially high or low risk
  • Recognize different types of organizational financial plans
  • Explain what budgets are and how to prepare them
  • Recognize what computer skills you need to make you a financial whiz
  • Deal with financial situations that impact the people that work for you


Course Outline


  1. Course Overview
  2. Getting the Facts Straight
  • Starting with the Basics
  • General Accepted Accounting Principles (GAAP)
  • Getting to Know the Players
  • Identifying the Key Players in Your Organization
  • Governing Organizations
  1. The Accounting Cycle
  • Underlying Principles
  • Overview of the Accounting Cycle
  • Case Study: Happy Haircuts
  1. The Key Reports
  • The Income Statement
  • Sample Income Statement
  • The Balance Sheet
  • Sample Balance Sheet
  • The Cash Flow Statement
  • Statement of Retained Earnings
  1. Keeping Score
  • Understanding the Chart of Accounts
  • Single vs. Double Entry Accounting
  • Self-Test
  1. A Review of Financial Terms
  2. Understanding Debits and Credits
  • Understanding Debits and Credits
  • Working with Debits and Credits
  1. Your Financial Analysis Toolbox
  • Identifying the Relevant Data
  • Analyzing the Data
  • Reading Annual Reports
  • Case Study
  • Using Charts and Graphs
  • Using Ratios for Decision Making
  1. Identifying High and Low Risk Companies
  • General Guidelines
  • Case Study
  1. The Basics of Budgeting
  • Defining a Budget
  • The Budgeting Process
  • Case Study
  1. Working Smarter
  • Computer Survival Skills
  • Things to Consider When Choosing Accounting Software
  1. People and Numbers
  2. Personal Action Plan
  3. Recommended Reading List
  4. Post-Course Assessment

Course Curriculum

No curriculum found !