Budgets and Financial Reports

Course Description

Everyday businesses deal with budgets and financial reports in some form or fashion. At minimum, business managers review budget numbers and run financial reports for decision-making and reporting to shareholders and Federal regulators once a month. Many companies devote the last few months of the calendar year to creating budgets for the next calendar year. In addition, organizations create and disseminate year-end financial reports to investors. Objectives • 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 Contents: • What is Finance? • Commonly Used Terms • Key Players • Important Financial Organizations • Understanding GAAP • Understanding Financial Statements • Balance Sheets • Income Statements (AKA Profit & Loss Statements) • Statement of Retained Earnings • Statement of Cash Flows • Annual Reports • Analyzing Financial Statements • Income Ratios • Profitability Ratios • Liquidity Ratios • Working Capital Ratios • Bankruptcy Ratios • Long-Term Analysis Ratios • Coverage Ratios • Leverage Ratios • Calculating Return on Investment (ROI) • Understanding Budgets • 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 • Regression Analysis • Extrapolation • 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 • CEO/CFO Certification • 8th Company Law Directive What You Will Get When Enrolling? 1. Course PowerPoint Presentation 2. Training Manual 3. Training Audios 4. Training Videos 5. Course Activities 6. Case Studies On Completion Book for a Free Course Assessment Session and receive Your Course Certificate