Non-financial professionals who manage resources need to read and analyze financial statements. This 90-minute finance and accounting webinar for non-financial managers combines three related courses into one session.
The first part shows how transactions become statements, with exercises on debits and credits, double-entry accounting and cash versus accrual accounting. The second covers the balance sheet, income statement and cash flow statement, including positive signs and red flags. The third explains five categories of key ratios, how to calculate them from the statements and how to use them in business decisions.
Along the way, common myths about accounting are cleared up with simple, practical tools.
WHY SHOULD YOU ATTEND?
Doubt about accounting often keeps managers from using financial information to control the resources they are responsible for. This session replaces that uncertainty with straightforward tools you can apply, reinforced with attendee exercises.
It is aimed mainly at non-financial professionals who manage and control resources, and it also works as a refresher for financial professionals.
AREA COVERED
Making financial statements
- How financial transactions connect to the balance sheet, income statement and cash flow statement
- The basic framework, concepts and principles used to transform transactions
- The simple meaning of finance and accounting, and cash vs. accrual accounting
- Six generic types of transactions in every company
- Debits and credits, with exercises using sample accounts and transactions
- Double-entry accounting and why it is key to accuracy
- Comparing business and personal financial statements
Understanding and analyzing financial statements
- Components of each statement, using sample statements
- Key positive elements and red flags
- Using statements as the basis for business decisions
Key business ratios
- Five categories of key ratios
- Calculating ratios from their source statements
- Using ratios to make financial decisions
LEARNING OBJECTIVES
- Explain how business transactions are transformed into financial statements
- Apply debits, credits and double-entry accounting to sample transactions
- Distinguish cash from accrual accounting
- Identify the components of the balance sheet, income statement and cash flow statement
- Spot positive elements and red flags in financial statements
- Calculate key ratios and use them in business decisions
WHO WILL BENEFIT?
- This Webinar is primarily designed for all Non-Financial Professionals who have the management and control of resources
- Financial professionals can also benefit as a refresher
- The primary focus is on Non-Financial Professionals
- It is Accounting 101 made simple!!
Doubt about accounting often keeps managers from using financial information to control the resources they are responsible for. This session replaces that uncertainty with straightforward tools you can apply, reinforced with attendee exercises.
It is aimed mainly at non-financial professionals who manage and control resources, and it also works as a refresher for financial professionals.
Making financial statements
- How financial transactions connect to the balance sheet, income statement and cash flow statement
- The basic framework, concepts and principles used to transform transactions
- The simple meaning of finance and accounting, and cash vs. accrual accounting
- Six generic types of transactions in every company
- Debits and credits, with exercises using sample accounts and transactions
- Double-entry accounting and why it is key to accuracy
- Comparing business and personal financial statements
Understanding and analyzing financial statements
- Components of each statement, using sample statements
- Key positive elements and red flags
- Using statements as the basis for business decisions
Key business ratios
- Five categories of key ratios
- Calculating ratios from their source statements
- Using ratios to make financial decisions
- Explain how business transactions are transformed into financial statements
- Apply debits, credits and double-entry accounting to sample transactions
- Distinguish cash from accrual accounting
- Identify the components of the balance sheet, income statement and cash flow statement
- Spot positive elements and red flags in financial statements
- Calculate key ratios and use them in business decisions
- This Webinar is primarily designed for all Non-Financial Professionals who have the management and control of resources
- Financial professionals can also benefit as a refresher
- The primary focus is on Non-Financial Professionals
- It is Accounting 101 made simple!!
Speaker Profile
Carl Young
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
New Form I-9: Documents and Policies that Ensure ICE I-9 Co…
Claude AI For CPAs & Finance Professionals: Best Practices …
Secrets Of Psychology - Why People Do The Things They Do
2-Hour Virtual Seminar on How to Conduct an Internal Harass…
Project Management For Administrative Professionals
Elevate Your Workplace Wellness: 10 Critical Wellness Facto…
Onboarding is NOT Orientation - How to Improve the New Empl…
Managing Complex Projects - Project Management
Utilizing HR Metrics to Illustrate & Improve Human Resource…
Negotiating Skills For Professional Results - Winning Strat…
NEW Nacha Rule - Third-Party Sender (TPS) Roles and Respons…
FDA Technology Modernization Action Plan (TMAP) and Impact …
Paying and Receiving Payments for Referrals: You Can Go to …
Validation Statistics for Non-Statisticians
Human Factors Usability Studies Following ISO 62366 and FDA…
Construction Lending And Real Credit Administration: Evalua…
Excel Power Skills: Master Functions, Formulas, and Macros …
Thriving in a Hybrid Workplace: Keys to Leadership and Team…
Batch Record Review and Product Release
Discover how Emotional Intelligence turns AI from a technic…
Female to Female Hostility @Workplace: All you Need to Know
Copilot and HR: An Introduction for HR Professionals
ChatGPT for HR - Build HR Policy Framework and Strategy
Excel Spreadsheets; Develop and Validate for 21 CFR Part 11…
The Perfect Storm Coming to Healthcare: Value Based Care Me…
Language is Code - Intro to AI - Generative AI - ChatGPT an…
Major cGMP Issues: FDA Concerns in 2026
I-9 Audits: Strengthening Your Immigration Compliance Strat…
Pivot tables beginner to advanced + 20 advanced Pivot table…
Emotional Intelligence: Mastering the Emotions of Great Lea…