2017 - Making of Financial Statements: Accounting 101

Overview
All business produces financial transactions. These transactions are transformed into three financial statements that indicate the financial results produced from these transactions. Results are expressed in required statements: Balance Sheet, Income Statement, and Cash Flow Statement. These statements provide the language that communicates the financial health of the company to its managers and stakeholders The transformation process is called accounting and viewed by most non-financial professionals as a complicated scientific process that is difficult to comprehend.
This finance manager training webinar converts that myth to real meaning and indicates how transactions are transformed into financial statement in simple easy to understand and apply tools and techniques using interactive exercises and examples.
I guarantee you will be amazed and impressed at how simple it is to understand the process of transforming transactions into statements!
Why Should You Attend
Destroy common that accounting is complicated
Add useful meaning to the concept of accounting
Learn useful concepts & tools easy to understand & apply
Learn via simple interactive exercise how financial statements are made
Grasp the entire concept of accounting 101 in 90 minutes
Greatly enhance your knowledge of finance & accounting as a non-financial professional
Enhance your ability to use financial statements with the increased knowledge of how they are created in simple tools & techniques
Areas Covered in this Webinar
Business/financial transactions used in accounting
Generic definitions
Comparison to personal transactions
How transactions are classified, recorded, summarized and reported using simple terms and interactive exercises
Review of the completed financial statements
Learning Objectives
Review of business/financial transactions
Process for transforming to financial statements
Simple overview of the transformation process
Review of financial statements
The overall connection of financial transactions to required statements of:
Balance Sheet
Income Statement
Cash Flow Statement
The basic framework of finance and accounting and the concepts and principles used to transform transactions
Components of each financial statement using sample statements
Generic type of transactions in every company
Simple comparison of business to personal financial statements
Simple meaning of finance and accounting
Simple meaning of cash vs. accrual accounting
Simple explanation of debits and credits with actual exercises to illustrate their application in transforming transactions to statements
Simple examples of accounts and how transactions are recorded using debits and credits with actual attendee exercises and sample transactions
Simple explanation of double entry accounting and why it is key to the process of accounting accuracy
Who Will Benefit
Non- financial professionals interested in learning in simple to understand and apply terms tools & techniques how financial transactions into financial statements
Financial professionals that need a refresher
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