Budgets And Financial Reports

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 inthe 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.

Module 1: Getting Started

• Icebreaker
• Housekeeping Items
• Workshop Objectives

Module 2: Glossary

• What Is Finance
• Commonly Used Terms
• Key Players (People, Jobs)
• Important Finance Organizations
• Understanding GAAP

Module 3: Understanding Financial Statement

• Balance Sheets
• Income Statements (AKA Profit And Loss Statements)
• Statement Of Retained Earnings
• Statement Of Cash Flows
• Annual Reports

Module 4: Analyzing Financial Statements, Part One

• Income Ratios
• Profitability Ratios
• Liquidity Ratios
• Working Capital Ratios
• Bankruptcy Ratios

Module 5: Analyzing Financial Statements, Part Two

• Long Term Analysis Ratios
• Coverage Ratios
• Leverage Ratios
• Calculating Return On Investment (ROI)

Module 6: Understanding Budgets

• Common Types Of Budgets
• What Information Do I Need?
• Who Should Be Involved?
• What Should A Budget Look Like?

Module 7: Budgeting Made Easy

• Factoring In Historical Data
• Gathering Related Information
• Adjusting For Special Circumstances
• Putting It All Together
• Computer Based Methods

Module 8: Advanced Forecasting Techniques

• Using The Average
• Regression Analysis
• Extrapolation
• Formal Financial Models

Module 9: Managing The Budget

• How To Tell If You're On The Right Track
• Should Your Budget Be Updated
• Keeping A Diary Of Lessons Learned
• When To Panic

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

Module 11: A Glimpse Into The Legal World

• A Brief History
• The Sarbanes Oxley Act
• CEO/CFO Certification
• Thinking Outside The Box

Module 12: Wrapping Up

• Words from the Wise
• Lessons Learned
• Completion of Action Plans and Evaluations