Understanding Budgets and Financials

Name: Understanding Budgets and Financials
SKU: ED-B&F-eL
Price: 195.0 USD
Availability: InStock

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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