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Understanding Budgets and Financials

Understanding Budgets and Financials

Store/Employee Development
SKU ED-B&F-eL
$195.00
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Product Details

Money matters can be intimidating for even the smartest people. However, having a solid understanding of basic financial terms and methods is crucial for making informed and intelligent financial decisions. This includes individuals who may participate in purchasing, financial planning, forecasting, analysis, reporting and corporate development, as well as those fulfilling the duties of financial responsibility for a nonprofit organization.. When terms like ROI, EBIT, GAAP, and extrapolation join the conversation, you'll want to know what people are talking about, and you'll want to be able to participate in the discussion.

This Understanding Budgets And Financial Course will give you a solid foundation in finance. We'll cover topics like commonly used terms, financial statements, budgets, forecasting, purchasing and financial legislation. Whether or not you have a background in finance, this course will give you the tools to fully participate in financial decisions and exercises.

You will learn to:

  • Identify financial terminology
  • Understand financial statements
  • Identify how to analyze financial statements
  • Understand budgets
  • How to make budgeting easy

  • Understand advanced forecasting techniques
  • Understand how to manage the budget
  • Identify How to make smart purchasing decisions
  • Identify the legal aspects of finances

Course materials include:

  • Pre-Assignment (to get participants thinking about their workplace behaviors and where they need to improve).
  • Comprehensive CD Study Guide
  • Training Quizzes and Exercises
  • Quick Reference Materials
  • Practical Examples
  • Recommended Reading
  • 90-day follow-up (Trainee Q&A and Employer Return on Investment (ROI) guidance and assistance
  • Certification of Course Completion

Budgets and Financials Course Outline:

Module One: Getting Started

  • The Parking Lot
  • Workshop Objectives
  • Action plans and evaluation forms


Module Two: Glossary

  • What Is Finance
  • Commonly Used Terms
  • Key Players (People, Jobs)
  • Important Finance Organizations
  • Understanding GAAP


Module Three: Understanding Financial Statement

  • Balance Sheets
  • Income Statements (AKA Profit And Loss Statements)
  • Statement Of Retained Earnings
  • Statement Of Cash Flows
  • Annual Reports


Module Four: Analyzing Financial Statements, Part One

  • Income Ratios
  • Profitability Ratios
  • Liquidity Ratios
  • Working Capital Ratios
  • Bankruptcy Ratios


Module Five: Analyzing Financial Statements, Part Two

  • Long Term Analysis Ratios
  • Coverage Ratios
  • Leverage Ratios
  • Calculating Return On Investment (ROI)


Module Six: Understanding Budgets

  • Common Types Of Budgets
  • What Information Do I Need?
  • Who Should Be Involved?
  • What Should A Budget Look Like?

Module Seven: Budgeting Made Easy

  • Factoring In Historical Data
  • Gathering Related Information
  • Adjusting For Special Circumstances
  • Putting It All Together
  • Computer Based Methods

Module Eight: Advanced Forecasting Techniques

  • Using The Average
  • Regression Analysis
  • Extrapolation
  • Formal Financial Models


Module Nine: Managing The Budget

  • How To Tell If You're On The Right Track
  • Should Your Budget Be Updated
  • Keeping A Diary Of Lessons Learned
  • When To Panic


Module Ten: Making Smart Purchasing Decisions

  • 10 Questions You Must Ask
  • Determining The Payback Period
  • Deciding Whether To Lease Or Buy
  • Thinking Outside The Box

Module Eleven: A Glimpse Into The Legal World

  • A Brief History
  • The Sarbanes Oxley Act
  • CEO/CFO Certification
  • Thinking Outside The Box


Module Twelve: Wrapping Up

  • Words from the Wise
  • Review of Parking Lot
  • Lessons Learned
  • Completion of Action Plans and Evaluations
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Store/Employee Development
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