Bali
Bali, Bali

Learn the basics of accounting for administrative professionals and increase your value.

An introduction to the fundamentals of accounting for administrative assistants, secretaries, executive secretary and other administrative professionals, this seminar gives you an understanding of the financial aspects of business to ensure budgets and expenses stay on track.

Fundamentals of Finance and Accounting for Administrative Professionals will give you the confidence to deal with financial information accurately and efficiently.
How You Will Benefit

* Learn how to apply the basics of accounting for administrative professionals' duties
* Understand accounting language, key terms and financial definitions
* Understand financial statement analysis and balance sheet analysis
* Study annual reports to determine your company’s overall condition
* Gain familiarity with the accounting process
* Assist your manager with the ability to make bottom-line decisions with knowledge of the numbers end of the business
* Dramatically expand your professional expertise…and open up new career possibilities for yourself

What You Will Cover

* Different methods of cash flow
* Basic accounting and budgeting
* Double-entry accounting
* The annual report and the auditor's role
* Evaluating a company's financial statements

Who Should Attend

Administrative assistants, secretaries, executive secretaries and other administrative professionals working with managers or executives who handle financial matters.

Note: Please bring a calculator and a copy of your annual report (if available).
Extended Training Description

Learning Objectives

* Explain Basic Accounting Concepts, Terminology and Processes, and the Relevance to a Business Department
* Explain the Components of an Annual Report
* Analyze a Set of Financial Statements to Evaluate the Business’ Financial Health
* Differentiate the Financing Options Available to a Business and Situations Where Each Might Be Used

Understanding the Key Financial Statements and Their Significance

* State the Purpose of and the Interrelationship Among:

— Income Statement
— Balance Sheet
— Retained Earnings Statement
— Cash Flow Statement

* Define the Key Components of Each Statement

Understanding the Accounting Process

* Define the Five Types of Accounts

— Asset
— Liability
— Equity
— Revenue
— Expense

* Explain the Accounting Process from transaction Entry to Closing the Books
* State the Significance of Double-Entry Accounting
* Determine the Impact of Different Types of Transactions on the Accounting System

Understanding the Components of an Annual Report and Auditor’s Role

* Describe the Differences in Financial Reporting for Public, Private, Not-for-Profit, and Government Organizations
* Differentiate Among the Different Types of Audits
* State the Role of the External Auditor in the Financial Reporting Process
* Evaluate the Different Sections in an Annual Report and Discuss the Significance of Each

Evaluating an Organization’s Financial Statements

* Discuss the Varying Reasons for Statement Analysis and Their Impact on the Process
* Calculate Commonly Used Financial Ratios
* Evaluate the Financial Health of a Business in the Areas of Liquidity, Leverage and Profitability

Financing the Business

* Discuss the Role of Leveraging in Improving Return to the Shareholders
* Discuss the Role of Short-Term Financing in Meeting an Organization’s Financial Needs
* Differentiate Between the Various Long-Term Financing Alternatives and Understand Their Impact on the Business
* Identify Appropriate Financing Alternatives fro Different Types of Business Needs

Budgeting More Effectively

* Explain the Purpose of a Budgeting System and Provide an Overview of the Entire Process
* Differentiate Among Commonly Used Budgeting Systems
* Budget for Common Expense Categories
* Analyze Budget Variances as to Their Significance and Cause

Official Website: http://www.focustraco.com/index.php/tm-training-schedule/details/318-104303

Added by training.focus on March 31, 2009

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