Finance, Accounting, Budgeting, Inventory and Finance Statement Analysis for Non-Financial Personnel
Instructor:
David Sanders
Product ID: 705093
- Duration: 60 Min
Why Should You Attend:
This webinar will help you understand the accounting process, GAAP, major phases of budgeting, how to format a budget, how to prepare a forecast, inventory management cycle counting, inventory accuracy rates, carrying costs and relating impacts to cash which allows you to enhance plans, processes, policies, practices, improving cost controls and revenue enhancements within the organization.
This webinar will help personnel, supervisors and managers assess:
- Necessity of planning for accurate numbers
- Characteristics of successful accounting system
- How to limit risks and costs that come with making financial decision
- How to outline a budget and a forecast
- How to prepare a strategic plan
- How to manage lost productivity, customer satisfaction, quality issues
- Inventory management best practices
Learning Objectives:
- Learn how to present ideas in financial terms for greater impact
- Gain confidence with figures and facts
- Understand fundamentals of finance and accounting
- How to increase your competitive position by understanding numbers
- Understanding cash basis versus accrual basis accounting
- How to read and understand financial statements (profit and non-profits)
- How to analyze the financial statements for performance and decision making
- Learn standard practices, languages, and accounting and financial terms
- Learn best practices for managing inventories
- How to increase your inventory accuracy rate
- How to use and manage cycle counting
Areas Covered in the Webinar:
- Language of Business (Business Vocabulary)
- Understanding Accounting Concepts and Applying GAAP, IFRS
- Understanding the Financial Statements (Balance Sheet, Income Statement, Cash Flow, Retained Earning Statement)
- How to Quickly Decipher Statements (Vertical Analysis and Horizontal Analysis)
- Calculating Inventory Carrying Costs
- How to Use and Manage Cycle Counts
- How to Increase Your Inventory Accuracy Rate
- Capital Budget Evaluation (NPV, IRR, Payback, Hurdle Rate)
- How to Prepare a Forecast
- Seven Steps in Forecasting
- Understanding the Different Methods in Forecasting
- How to Prepare a Strategic Plan
- Understanding the Profiles of Strategic Planning (Current Company, Market, Competitors, Product, Service, New Company)
Who Will Benefit:
- Managers
- Supervisors
- Team Leaders
- Employees
- Anyone new to accounting, budget, forecasting or strategic planning
- Anyone who wishes to increase or refresh their knowledge of these areas
David Sanders
President, Sanders and Sullivan Consulting
David Sanders is considered one of the world’s leading experts in accounting, finance, business consulting, payroll, budgeting, collections, personal income taxes, business taxes, business set up, sales and use taxes, internal controls, inventory management, cycle counting, record keeping and vendor/supplier management. He has conducted approximately 10,100 training sessions, including public seminars, on-sites, company training, chambers of commerce trainings, colleges, videos, CDs and webinars worldwide.
Mr. Sanders is called upon nationally and internationally for his SOX training abilities and to perform, walk through interim testing for core financial processes such as internal controls, fraud detection, internal controls, financial reporting, revenue, inventory, and expenditure testing.
The author of four acclaimed books and over 28 seminar workbooks and numerous webinars, he has a talent for breaking things down into easy to understand steps that can be implemented immediately. He was an endorsed local provider for the Dave Ramsey Show covering the greater Cincinnati and Northern KY area.
Mr. Sanders has a wealth of experience to share that is supported by impeccable financial credentials including over 38 years’ experience in the financial industry. He holds numerous degrees including accounting, business administration and finance. His experience includes accounting manager, corporate controller, CFO, government tax auditor, business consultant, and senior partner with various accounting/ tax/ auditing firms nationally.
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Refund Policy
Our refund policy is governed by individual products and services refund policy mentioned against each of offerings. However in absence of specific refund policy of an offering below refund policy will be effective.
Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange. Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time. On-Demand Recording purchases will not be refunded as it is available for immediate streaming. However if you are not able to view the webinar or you have any concern about the content of the webinar please contact us at below email or by call mentioning your feedback for resolution of the matter. We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email [email protected] call +1-888-717-2436 (Toll Free).
