Making of financial statements: Accounting 101 simplified

Description

All business produce financial transactions. These transactions are transformed into three financial statements that indicate the financial results produced from these transactions. Results are expressed in required statements: Balance Sheet, Income Statement, and Cash Flow Statement. These statements provide the language that communicates the financial health of the company to its managers and stakeholders

The transformation process is called accounting and viewed by most non-financial professionals as a complicated scientific process that is difficult to comprehend. This webinar converts that myth to real meaning and indicates how transactions are transformed into financial statement in simple easy to understand and apply tools and techniques using interactive exercises and examples.

I guarantee you will be amazed and impressed at how simple it is to understand the process of transforming transactions into statements!

Objective :

Review of business/financial transactions
Process for transforming to financial statements
Simple overview of the transformation process
Review of financial statements

Key Take Away :

The overall connection of financial transactions to required statements of:
Balance Sheet
Income Statement
Cash Flow Statement
The basic framework of finance and accounting and the concepts and principles used to transform transactions
Components of each financial statement using sample statements
Generic type of transactions in every company
Simple comparison of business to personal financial statements
Simple meaning of finance and accounting
Simple meaning of cash vs. accrual accounting
Simple explanation of debits and credits with actual exercises to illustrate their application in transforming transactions to statements
Simple examples of accounts and how transactions are recorded using debits and credits with actual attendee exercises and sample transactions
Simple explanation of double entry accounting and why it is key to the process of accounting accuracy

Why ?

Destroy common that accounting is complicated
Add useful meaning to the concept of accounting
Learn useful concepts & tools easy to understand & apply
Learn via simple interactive exercise how financial statements are made
Grasp the entire concept of accounting 101 in 90 minutes
Greatly enhance your knowledge of finance & accounting as a non-financial professional
Enhance your ability to use financial statements with the increased knowledge of how they are created in simple tools & techniques

Areas Covered in the Session :

Business/financial transactions used in accounting
Generic definitions
Comparison to personal transactions
How transactions are classified, recorded, summarized and reported using simple terms and interactive exercises
Review of the completed financial statements

Who Will Benefit:

Non- financial professionals interested in learning in simple to understand and apply terms tools & techniques how financial transactions into financial statements
Financial professionals that need a refresher
Beginning non-financial professionals
Intermediate non-financial professionals
All financial professions seeking a refresher

About Speaker:

Carl Young is an Author, Speaker, Trainer, Consultant, and Coach. He holds a MBA and completed graduate studies in Accounting and Taxation. He is a former CFO of a 275M, high growth technology based company. He has over 25 years of senior level business management experience. In addition, he has over 25 years of training experience in finance, accounting and business management. He taught Accounting I at the University level for 15 years. Former CEO of his own small parts manufacturing company as well as former Senior Financial Associate of major consulting firm.

Carl is a member of the following organizations: American Society of Corporate Controllers, Council of Experts (investment firm Gersen & Lehrman), Society of Industry Leaders (sponsored by Standard & Poors), and the National Association of Accountants.

An engaging and entertaining speaker and trainer who draws from his experience as a former CFO to make relevant teaching points. Sessions are rich in content, lively, full of energy and include plenty of audience interaction. He has branded himself as Mr. Simplicity! His goal is to make finance and accounting relevant to non-financial professionals using tools and techniques that are simple to understand and apply.

Event URL: http://bit.ly/2DnYkZF