Where are they getting those numbers? If you've ever asked that question, you need Accounting 101!
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.
What You Will Cover
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.
What You Will Cover
- 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
