This webinar provides this simple platform and moves the many myths about accounting and financial statements to simple to understand and apply tools and techniques. Special emphasis is placed on understanding the various terms used. These financial statements are considered the language of business and the means and methods by which the financial health of the company is conveyed to the owners, managers, and stakeholders.
This webinar will provide you with a good sound working knowledge of financial statements and substantially enhance your ability to use them in the management of resources, improving the profits and productivity of your company. I guarantee it! This webinar has been specifically prepared for non-financial professionals.
WHY SHOULD YOU ATTEND?
All non-financial professionals are challenged in today's business environment to manage and ensure full and efficient utilization of limited resources to improve profits and productivity and achieve overall business success. This requires as a foundation the understanding & analysis of financial statements.
Financial transactions of a business are transformed through an accounting process into three key and required financial statements, they are:
- The balance sheet shows what the company owns minus what it owes and the resulting financial strength of the company
- The income Statement indicates the comparison of revenue earned from providing goods and services less the costs or expenses used to provide the goods and services. This resulting comparison is called profit or surplus
- Cash Flow Statement which indicates the company's sources and uses of funds
The ability to understand and analyze financial statements is key and relevant to making sound business decisions. One essential key is the understanding of the different terms, tools, and techniques used in the process of preparing these statements. Non-financial professionals find this a conflicting challenge and need a simple framework for understanding & analyzing these statements.
AREA COVERED
Overall you will learn in simple to understand and apply tools and techniques how to understand and analyze financial statements.
LEARNING OBJECTIVES
- The basic framework used in the preparation of financial statements
- The basic components of each statement and their use in business decisions and resource management
- A simple understanding of finance & accounting
- The simple understanding of:
- Cash vs. accrual basis accounting
- Accounting concepts and building blocks
- Core components of financial statements
- Analyzing financial statements as the language of business
- Simple financial statement terminology
- Simple signs of business financial healthy
- Financial statement red flags, cautions, and concerns
- Relevant ratios to improve profits and productivity with attendee exercises and engagement
- The essence of ratios, trends, comparisons, and cash in all business analysis and decisions
- Review of five essential categories of ratios to measure the impact of:
- Profitability
- Efficiency
- Liquidity
- Solvency
- Cash
- Essential essence and utilization of:
- Working Capital
- Cash Management
- Free Cash Flow
WHO WILL BENEFIT?
- Business Owners & Entrepreneurs
- Business Managers
- Resource Manages
- Sales Personnel
- Operations Managers
- Finance Associates & Managers
- All Non-Financial Professionals responsible for managing resources
- CFOs
- VPs of Finance & Operations
All non-financial professionals are challenged in today's business environment to manage and ensure full and efficient utilization of limited resources to improve profits and productivity and achieve overall business success. This requires as a foundation the understanding & analysis of financial statements.
Financial transactions of a business are transformed through an accounting process into three key and required financial statements, they are:
- The balance sheet shows what the company owns minus what it owes and the resulting financial strength of the company
- The income Statement indicates the comparison of revenue earned from providing goods and services less the costs or expenses used to provide the goods and services. This resulting comparison is called profit or surplus
- Cash Flow Statement which indicates the company's sources and uses of funds
The ability to understand and analyze financial statements is key and relevant to making sound business decisions. One essential key is the understanding of the different terms, tools, and techniques used in the process of preparing these statements. Non-financial professionals find this a conflicting challenge and need a simple framework for understanding & analyzing these statements.
Overall you will learn in simple to understand and apply tools and techniques how to understand and analyze financial statements.
- The basic framework used in the preparation of financial statements
- The basic components of each statement and their use in business decisions and resource management
- A simple understanding of finance & accounting
- The simple understanding of:
- Cash vs. accrual basis accounting
- Accounting concepts and building blocks
- Core components of financial statements
- Analyzing financial statements as the language of business
- Simple financial statement terminology
- Simple signs of business financial healthy
- Financial statement red flags, cautions, and concerns
- Relevant ratios to improve profits and productivity with attendee exercises and engagement
- The essence of ratios, trends, comparisons, and cash in all business analysis and decisions
- Review of five essential categories of ratios to measure the impact of:
- Profitability
- Efficiency
- Liquidity
- Solvency
- Cash
- Essential essence and utilization of:
- Working Capital
- Cash Management
- Free Cash Flow
- Business Owners & Entrepreneurs
- Business Managers
- Resource Manages
- Sales Personnel
- Operations Managers
- Finance Associates & Managers
- All Non-Financial Professionals responsible for managing resources
- CFOs
- VPs of Finance & Operations
Speaker Profile
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. 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 …
Upcoming Webinars
How to Write Contracts for Procurement Professionals
Sunshine Act Reporting - Clarification for Clinical Research
How to Deal with Employees Who Love to Argue and Debate Eve…
Project Management for administrative professionals
ChatGPT and Project Management: Leveraging AI for Project M…
Onboarding Best Practices for 2025: Proven Strategies to Po…
Terminating Toxicity: Strategies For Leaders To Confidently…
Transform Data into Insights: A Beginners Guide to Excel Pi…
Reprogramming your mind for Corporate Excellence: 4 Steps t…
How to Write Effective Audit Observations: The Principles f…
How to Manage the Legal Landmine of the FMLA, ADA and Worke…
Uplifting the Credibility of HR: How to Build the Credibili…
Performance of Root Cause Analysis, CAPA, and Effectiveness…
Bridging Generational Divides in the Workplace
Strategic Interviewing & Selection: Getting the Right Talen…
Onboarding Best Practices for Millennial and All Employees
2-Hour Virtual Seminar on How to Conduct an Internal Harass…
FDA Audit Best Practices - Do's and Don'ts
Emotional Intelligence: Mastering the Emotions of Great Lea…
Unlock Employee Loyalty: Stay Interviews Will Keep Them Eng…
Accounting For Non Accountants : Debit, Credits And Financi…
Successful Strategies for FDA Expedited Pathways for Your D…
Regulation update Q1 2025: New and Proposed Regulations for…
Pay Transparency in Action: Strategies for Building Trust a…
Designing Employee Experiences to Build a Culture of Compli…
Developing and Implementing Quality Culture in the Organiza…
Excel Lookup Functions: VLOOKUP, HLOOKUP, and XLOOKUP Made …
Break Free from Toxicity: Reclaim Your Power and Peace
Tips and Techniques for Conducting an Effective Fraud Risk …
Physician Employment Agreements: Problem Areas that can be …
Measure the Effectiveness of Compliance Programs by Engagin…
FDA Regulation of Artificial Intelligence/ Machine Learning
Navigating 2025 Employment Laws: What Every Employer Needs …
Implementing an Effective Human Error Reduction Program
Cleaning Data without Complex Functions - A Course for Data…
Succession Plan for 2025: It's Not Just for Emergencies - I…
Employers Should Prepare for Immigration Raids in 2025! Thi…
Managing Toxic Employees: Strategies For Leaders To Effecti…
Using High-Performance Coaching for Managers to Address Per…
6-Hour Virtual Seminar on Learning the Highlights of Excel …
Principles & Practices for the Cybersecurity of Legacy Medi…