Financial Accounting

Training Objectives

Complex accounting and finance principles are presented in practical, understandable terms in a friendly supportive environment. Participants will be able to return to their organization with the confidence to access and analyze financial information and to better integrate into the business decision process.

Deliverables

Graduates of this seminar will be able to:

  • Participate in discussions and decision making with accounting and finance professionals
  • Read and analyze financial reports to assess customer, competitor, supplier and company performance
  • Understand the value of accounting as a communication system in your organization
  • Use financial tools for investment decision making focused on creating shareholder value
  • Use financial tools for operational decision making focused on pricing and costing
  • Understand and evaluate financing strategies

Key Concepts

Unit 1: How to Interpret Financial Data

  • Introduction to Financial Literacy – Financial Statements
  • Accounting as a financial information system
  • Financial Statements – the balance sheet, income statement, cash flow statement and the statement of retained earnings
  • Demystifying financial terminology
  • ACME company working example

 

Unit 2: International Reporting Standards

  • The financial reporting process
  • “Structural accounting” issues
  • Assets
  • In-depth review of Generally Accepted Accounting Principles (GAAP)
  • The “law” of financial reporting and limitations
  • Players in the financial reporting process-users (readers), management and the auditor
  • The flexibility of accounting relative to reporting discretion under GAAP
  • Discretion as it relates to business practices

 

Unit 3: Crunching the Numbers

  • Understand the business through the numbers and the numbers through the business
  • Determine key ratios (liquidity, solvency, profitability, market)
  • Analyze the financial statement of a public company
  • Understand key business issues, such as:
  • -Financial leverage
  • -Goodwill
  • -EBIT and BITDA
  • -Book value versus market value

 

Unit 4: Financial Analysis in The Real World

  • Financial analysis comparison of two similar companies
  • Business Valuations
  • Read and interpret an Annual Report
  • Ratio Analysis
  • Synthesis and recap of the concepts and their applications in a real business environment

 

Globalinx Corp