Budgets and Financial Reports
- Training Time: 1 day 9:00 am to 5:00 pm
- Inclusion: Participants Manual and Certificate of Completion
Welcome to the Understanding Budgets and Financial Reports workshop. 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.
The goal of this workshop is to give the participant a basic understanding of budgets and financial reports so they can hold relevant discussions and render decisions based on financial data. This course will define key terms like ROI, EBIT, GAAP, and extrapolation. Furthermore, this one-day course will discuss commonly used financial terms, financial statements, budgets, forecasting, purchasing decisions, and laws that regulate the handling of financial information. Before we begin, let us get to know more about each other.
Learning Points
- 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 Outline
Budgets & Financial Reports-Module 1
Getting Started
- Introduction to Budgets & Financial Reports
- Workshop Objectives
Budgets & Financial Reports-Module 2 Glossary
- What is Finance?
- Commonly Used Terms
- Key Players & Important Financial Org’s
- Understanding GAAP
Budgets & Financial Reports-Module 3
Understanding Financial Statements
- Balance Sheets
- Income Statements (Profit/Loss Statements)
- Statement of Retain Earnings
- Statement of Cash Flows
- Annual Reports
Budgets & Financial Reports-Module 4
Analyzing Financial Statements (I)
- Income Ratios
- Profitability Ratios
- Liquidity Ratios
- Working Capital Ratios
- Bankruptcy Ratios
Budgets & Financial Reports-Module 5
Analyzing Financial Statements (II)
- Long-Term Analysis Ratios
- Coverage Ratios
- Leverage Ratios
- Calculating Return on Investment (ROI)
Budgets & Financial Reports-Module 6 Understanding Budgets
- Common Types of Budgets
- What Information do I Need?
- Who Should Be Involved?
- What Should a Budget Look Like?
Budgets & Financial Reports-Module 7
Budgeting Made Easy
- Factoring in Historical Data
- Gathering Related Information
- Adjusting for Special Circumstances
- Putting It All Together
- Computer Based Methods
Budgets & Financial Reports-Module 8
Advanced Forecasting Techniques
- Using the Average
- Regression Analysis
- Extrapolation
- Formal Financial Models
Budgets & Financial Reports-Module 9
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
Budgets & Financial Reports-Module 10
Making Smart Purchasing Decisions
- 10 Questions You Must Ask
- Determining the Payback Period
- Deciding Whether to Lease or Buy
- Thinking Outside the Box
Budgets & Financial Reports-Module 11
A Glimpse into the Legal World
- A Brief History
- The Sarbanes-Oxley Act
- The CEO/CFO Certification
- 8th Company Law Directive
Budgets & Financial Reports-Module 12
Wrapping it up
- Words from the Wise
You Can Expect...
- To learn how to understand the finances of your company or organization
- To know how to deal with finances
You Need This If...
- Understanding budgets and financial reports are crucial skills for your company
- You are participative to correct trends which take your company off course
This Is About...
- Understanding budget and financial reports
- Using financial reports and budgeting know-how to manage everyday business functions.
In-House Rate
Participants: 10 – 15
Duration: 1 day
Course Fee:
Level 10*
, per person
Includes: Manual, Certificate of Completion
* hover over the level link to see the actual price summary