Finance & Accounting 101 Simplified Three Courses in One
Learn how transactions become financial statements, how to read and analyze those statements, and how to use key business ratios to make better financial decisions.
Speaker
Carl Young
Finance trainer and former CFO · Former CFO
Overview
This 90-minute finance and accounting 101 webinar combines three related courses into one session written for non-financial professionals.
First, you'll see how transactions turn into financial statements, with interactive exercises on debits and credits, double-entry accounting, cash vs accrual accounting and the six generic types of transactions found in every company.
Next, you'll review the balance sheet, income statement and cash flow statement, including their components, the positive signs and red flags to look for, and how statements support business decisions. Finally, you'll work through five categories of key business ratios, how to calculate them from the statements and how to use them in financial decisions.
Why attend: Managers who control resources need to read and analyze financial statements, yet myths and uncertainty about accounting often get in the way. This session replaces that doubt with simple tools you can understand and apply. It is designed mainly for non-financial professionals who manage resources, and it also works as a refresher for financial professionals.
What’s covered
- How transactions connect to the balance sheet, income statement and cash flow statement
- The basic framework, concepts and principles of finance and accounting
- Six generic types of transactions
- Cash vs accrual accounting
- Debits, credits and double-entry accounting, with exercises
- Comparing business and personal financial statements
- Summary of the three required financial statements and their components
- Key positive elements and red flags
- Using statements as the basis for business decisions
- Five categories of key ratios
- Calculating ratios from the financial statements
- Using ratios to make financial decisions
Who should attend
What you get
About the speaker

