Where do those financial numbers really come from? If you've wondered this, Accounting 101 is exactly what you need.
Become comfortable with common accounting concepts and terminology used by finance professionals, all in just a few hours. You'll develop a solid foundation of financial literacy, eliminate confusion surrounding different financial statement types, and understand how they relate to one another and serve organizational needs.
You'll gain a comprehensive understanding of the accounting process, from recording the financial impact of business decisions through the preparation of resulting financial reports. Leave the course with the ability to communicate intelligently with finance professionals and grasp the critical numbers that drive business success.
What You Will Cover:
- Understanding the accounting equation and how its components function together
- Learning how various business transactions influence financial statements
- Explaining accrual basis accounting and differentiating between accounting profit and actual cash flow
- Describing the purpose, terminology, and applications of key financial statements: income statement or profit and loss statement (P and L), balance sheet, statement of retained earnings, and cash flow statement
Who Should Attend: This program is designed for non-financial managers across all functional areas and industries who need to understand accounting fundamentals and financial reporting.
