Finance, Accounting, Budgeting, Inventory and Finance Statement Analysis for Non-Financial Personnel 2016

Key Topics

• Understanding Accounting Concepts & applying GAAP, IFRS
• Language of Business (Business Vocabulary)
• How to Quickly Decipher Statements (Vertical analysis and Horizontal Analysis)
• Understanding the Financial Statements (Balance Sheet, Income Statement, Cash Flow
• Understanding Best Practices of Inventory Management (Three Step Process for Smooth Inventory)
• How to Increase your Competitive Position
• How Use and Manage Cycle Counts
• Calculating Inventory Carrying Costs
• Dealing with the Challenge of WIP
• How to Increase your Inventory Accuracy Rate (How Accurate is Your Inventory?)
• Understanding Effective Budget Rules
• How to Prepare Budgets (6 basic budgets)
• Understanding Top`s Down vs. Bottom`s Up
• Understanding FASB 117 Financial Statements for Non-Profits
• Capital Budget Evaluation (NPV, IRR, Payback, Hurdle Rate)
• Understanding the Budget Phases
• Seven Steps in Forecasting
• How to Prepare a Forecast
• How to Prepare a Strategic Plan
• Understanding the Different Methods in Forecasting
• (Current Company, Market, Competitors, Product, Service, New Company) Understanding Ratios (profitability, liquidity, efficiency, debt)
• Understanding the Profiles of Strategic Planning
• Team Case Studies (Open Discussion and Studies)

Who should Attend

• Inventory Personal
• Anyone who wants to learn accounting, finance
• Supervisors, Managers
• Budget Personal
• Employees of all types
• Team Leaders
• Anyone new to Accounting, Budget, Forecasting or Strategic Planning
• Any one who is of Non Financial nature
• Anyone who wishes to increase or refresh their knowledge of these areas
• Anyone new to inventory