Budgets And Financial Reports Course: Introduction

An introductory course into basic personal finance, and budgets and reports.

Budgets And Financial Reports Course :Course Outline

Just as with basic bookkeeping, you already know most of the material, you just don’t apply the same terminology. Broadening one’s horizons is never a bad thing and for the person working in administration, this course could change your life and you could move to the financial department with little trouble. Besides identifying strengths in employees, having well rounded employees who can fill any position in the company is an asset to any employer. This workshop is designed to give participants a solid grounding in finance, bringing them up to speed with commonly used terms such as financial statements, budgets and forecasting. We will also teach participants some new terms such as ROI and EBIT and how these terms apply. This course is very much an activities based course so that participants can use and apply new knowledge, the chief basis for accounting is practice. We will begin with a glossary of terms and we will identify the key players in the financial department. We will take an in depth look at budgets and the different kinds of budgets found in a business. We focus on understanding financial statements, especially balance sheets and annual reports. Once participants are comfortable with the different financial reports, we move on to analyzing these reports. Because analyzing reports accurately is important we go a step further and look at long term analysis and calculating the return on investments or ROI. In module eight we look at forecasting techniques and how they vary from business to business, in fact we teach advanced forecasting techniques. TIP: Forecasting sounds daunting but it isn’t, it simply means buying products and goods at a predicted exchange rate. We spend a module maintaining a budget and looking at where one can go wrong. We then take a look at purchasing and delve into the ten questions you must ask in purchasing. And while we’re on the subject we take a look at how renting or leasing versus buying affects your assets and liabilities and the owner’s equity. We wrap things up by getting a glimpse into how the legal side of business connects to the financial side. In the next workshop we will be dealing with business acumen, financially literate employees can apply what they have learned in this course; in the next. We will teach participants to see the big picture and the bottom line and how it is affected by just about everything.
Key outcomes of the course include:
BOTI’s Program Outline

Component 1: Starting Out
• Activities to break the ice
• Housekeeping matters and administration
• The Parking Area
• Program Objectives

Component 2: Glossary
• Exactly What Is Finance
• Comprehending GAAP
• Essential Finance businesses
• Widely used Terms
• Essential Players (individuals, Jobs)

Component 3: Comprehending Financial Statement
• Balance Sheets
• Statement of Retained Earnings
• Income Statements (AKA Profit as well as Loss Statements)
• Annual Reports
• Statement of Cash Flows

Component 4: Analyzing Financial Statements, Part 1
• Income Ratios
• Working Capital Ratios
• Liquidity Ratios
• Bankruptcy Ratios
• Profitability Ratios

Component 5: Analyzing Financial Statements, Part 2
• Long Term Analysis Ratios
• Calculating Return on Investment (ROI)
• Leverage Ratios

• Coverage Ratios

Component 6: Comprehending Budgets
• Common Kinds of Budgets
• Who Should Be Involved?
• Exactly What Should A Budget Look Like?
• Exactly What Information Do I Need?

Component 7: Budgeting Made Easy
• Factoring In Historical Data
• Putting It All Together
• Gathering Related Information

• Adjusting For Special Circumstances
• Computer Based Methods

Component 8: Advanced Forecasting Techniques
• Formal Financial Models
• Utilizing the Average
• Extrapolation
• Regression Analysis

Component 9: Controlling the Budget
• When to Panic
• Should Your Budget Be Updated
• How to determine if you’re On the Right Track
• Keeping a Diary of Key Learnings

Component 10: Making Smart Purchasing Decisions
• Determining the Payback Period
• 10 Queries You Must Ask
• Deciding Whether to Lease or Buy
• Thinking outside the Box

Component 11: A Glimpse into the Legal World
• Thinking outside the Box
• CEO/CFO Certification
• The Sarbanes Oxley Act
• A Brief History
Concluding

Component 12: Concluding
• Wise Men’s words
• Evaluations as well as Completion Of activity Plans
• Assessment of Parking Area
• Key Learnings

For Budgeting Courses, Course On Budgeting or Budget Training across South Africa contact BOTI today!

Budgets And Financial Reports Course: Course Duration

1 day/s

Who should attend: Budgets And Financial Reports Course

This course is intended for non-financial managers.

**Quote does not include Any Exam Fees (if applicable)

For Budgeting Courses, Course On Budgeting or Budget Training contact BOTI today!

IMPORTANT ACTION: Do Not Wait To Improve Your Skills.  

For Budgeting Courses, Course On Budgeting or Budget Training contact BOTI today!

Book Now By Completing Online Booking Form / Customised Proposal or Obtain Approval For Your Already Received Customised Proposal

For Budgeting Courses, Course On Budgeting or Budget Training contact BOTI today!

BOTI also offers: Accounting Fundamentals – how to construct an income statement, balance sheet and cash flow and read financial statements