Budgets and Financial Reports Workshop
Course Duration 1 Day
Money matters can be intimidating for even the smartest people. However, having a solid
understanding of basic financial terms and methods is crucial to your career. 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.
The Budgets and Financial Reports workshop will give you a solid foundation in finance. We’ll cover topics like commonly used terms, financial statements, budgets, forecasting, purchasing decisions, and financial legislation.
At the end of the course participants will be able 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
What is Finance?
Commonly Used Terms
Important Financial Organizations
Understanding Financial Statements
Income Statements (AKA Profit & Loss Statements)
Statement of Retained Earnings
Statement of Cash Flows
Analysing Financial Statements (I)
Working Capital Ratios
Analysing Financial Statements (II)
Long-Term Analysis Ratios
Calculating Return on Investment (ROI)
Common Types of Budgets
What Information do I Need?
Who Should Be Involved?
What Should a Budget Look Like?
Budgeting Made Easy
Factoring in Historical Data
Gathering Related Information
Adjusting for Special Circumstances
Putting It All Together
Computer Based Methods
Advanced Forecasting Techniques
Using the Average
Formal Financial Models
Managing the Budget
How to Tell If You’re on Track
Should Your Budget be Updated
Keeping a Diary of Lessons Learned
When to Panic
Making Smart Purchasing Decisions
10 Questions You Must Ask
Determining the Payback Period
Deciding Whether to Lease or Buy
Thinking Outside the Box
A Glimpse into the Legal World
A Brief History
The Sarbanes-Oxley Act
8th Company Law Directive
Download this outline as a PDF.