Better financial decisions start with knowing how your organization's numbers are put together. This 60-minute finance and accounting 101 webinar gives managers a basic understanding of the accounting framework and how it relates to profitability.
You'll look at the conceptual framework, the divisions of the ledger and the main financial statements: the balance sheet, the income statement, cash flows and the statement of changes in financial position, plus notes and supplementary schedules. The session also explains suspense accounts, extraordinary items and taxation, so you can follow what these items mean for results.
WHY SHOULD YOU ATTEND?
Managers who understand accounting basics can see how their day-to-day decisions affect profitability and can talk with finance teams on equal terms. Knowing how the ledger feeds the balance sheet, income statement and cash flow figures makes reports far easier to follow.
The session is designed for internal auditors, financial managers, purchasing and procurement managers and operational managers who want a simple foundation in finance and accounting.
AREA COVERED
- The conceptual framework
- Divisions of the ledger
- Balance sheets, cash flows and financial statements
- Income statement and statement of changes in financial position
- Notes and supplementary schedules
- Suspense accounts
- Extraordinary items
- Taxation
LEARNING OBJECTIVES
- Explain the accounting conceptual framework
- Describe the divisions of the ledger
- Read the balance sheet, income statement and cash flow information
- Interpret notes and supplementary schedules
- Recognize suspense accounts, extraordinary items and tax items
WHO WILL BENEFIT?
- Internal Auditors
- Financial Managers
- Purchasing and Procurement Managers
- Operational Managers
Managers who understand accounting basics can see how their day-to-day decisions affect profitability and can talk with finance teams on equal terms. Knowing how the ledger feeds the balance sheet, income statement and cash flow figures makes reports far easier to follow.
The session is designed for internal auditors, financial managers, purchasing and procurement managers and operational managers who want a simple foundation in finance and accounting.
- The conceptual framework
- Divisions of the ledger
- Balance sheets, cash flows and financial statements
- Income statement and statement of changes in financial position
- Notes and supplementary schedules
- Suspense accounts
- Extraordinary items
- Taxation
- Explain the accounting conceptual framework
- Describe the divisions of the ledger
- Read the balance sheet, income statement and cash flow information
- Interpret notes and supplementary schedules
- Recognize suspense accounts, extraordinary items and tax items
- Internal Auditors
- Financial Managers
- Purchasing and Procurement Managers
- Operational Managers