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How to Speak Accounting

Where are they getting those numbers? If you've ever asked that question, you need this course!

Become familiar with common accounting concepts and buzzwords used by accounting insiders, all in just a few hours. You'll develop a baseline of financial understanding...clear up any confusion between different kinds of financial statements...and identify their purpose and relation to each other. You'll also gain an understanding of the accounting process, from recording the dollar impact of business decisions to the preparation of the resulting financial reports. Plus come away with the ability to converse with the finance people intelligently and grasp the all-important numbers side of the business. NOTE: A headset with microphone is required to attend and participate in this program. For more information, view the FAQ page .

Seminar Number: 07811

  • Online
  • Your Company Location

Course Scheduling & Pricing

Who Should Attend

This program is designed for non-financial managers in every functional area of responsibility in all industries.

  •   Online1 Lesson(s)
    0.1 CEU
 
 

Become familiar with common accounting concepts and buzzwords used by accounting insiders, all in just a few hours.

You'll develop a baseline of financial understanding...clear up any confusion between different kinds of financial statements...and identify their purpose and relation to each other. You'll also gain an understanding of the accounting process, from recording the dollar impact of business decisions to the preparation of the resulting financial reports. Plus come away with the ability to converse with the finance people intelligently and grasp the all-important numbers side of the business.

NOTE: A headset with microphone is required to attend and participate in this program. For more information, view the FAQ page.

During this course, you’ll benefit by:

  • Understanding the accounting equation and the relationship among its components
  • Learning how various business transactions affect financial statements
  • Describing accrual basis accounting and differentiating between accounting profit and cash flow
  • Describe the purpose of and terminology associated with the following financial statements: income statement or profit and loss statement (P&L), balance sheet, statement of retained earnings and cash flow statement

Download Extended Seminar Outline PDF

Learning Objective

  • Identify the Components of the Accounting Equation and Relationship to Financial Statements
  • Distinguish the Steps within the Accounting Process
  • Describe the Purpose of and Terminology Associated with Financial Statements
  • Journalize Transactions to Create a Balance Sheet

Accounting

  • State the Accounting Equation and Describe the Relationship among Its Components
  • Describe Cash-Basis and Accrual-Basis Accounting
  • Differentiate between Accounting Profit and Cash Flow
  • Distinguish the Steps in the Overall Accounting Process

Preparing a Balance Sheet

  • Identify the Key Sections of a Balance Sheet
  • Describe How the Financial Statements Tie Together
  • Journalize Transactions Appropriately
  • Complete a Simple Balance Sheet Using the Accounting Process

Download Extended Seminar Outline PDF

American Management Association is accredited by the International Association for Continuing Education and Training (IACET) and is accredited to issue the IACET CEU.

Online Schedule

5 Sessions Available

279.00 $
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