Managers outside finance still need to understand how their organization records and reports its numbers. This 60-minute accounting for non-accountants webinar builds that basic understanding of the accounting and reporting structure.
You'll cover the main concepts of financial accounting and its conceptual framework, then work through the financial statements: the balance sheet, the income statement, cash flows and the statement of changes in financial position, along with notes and supplementary schedules. The session also explains suspense accounts, extraordinary items and taxation so these terms make sense when you see them in reports.
WHY SHOULD YOU ATTEND?
Without a grasp of accounting basics, it is hard to read financial reports or take part in decisions about the resources you manage. This session gives non-accountants a clear starting point.
It is designed for internal auditors, financial managers, purchasing and procurement managers and operational managers who need to understand their organization's accounting and reporting.
AREA COVERED
Financial accounting
- Main concepts of financial accounting and the conceptual framework
- Financial statements: balance sheet, income statement and cash flows
- Statement of changes in financial position
- Notes and supplementary schedules
- Suspense accounts
- Extraordinary items
- Taxation
LEARNING OBJECTIVES
- Explain the main concepts and framework of financial accounting
- Read a balance sheet and an income statement
- Describe cash flows and the statement of changes in financial position
- Use notes and supplementary schedules to interpret statements
- Recognize suspense accounts, extraordinary items and tax entries
WHO WILL BENEFIT?
- Internal Auditors
- Financial Managers
- Purchasing and Procurement Managers
- Operational Managers
Without a grasp of accounting basics, it is hard to read financial reports or take part in decisions about the resources you manage. This session gives non-accountants a clear starting point.
It is designed for internal auditors, financial managers, purchasing and procurement managers and operational managers who need to understand their organization's accounting and reporting.
Financial accounting
- Main concepts of financial accounting and the conceptual framework
- Financial statements: balance sheet, income statement and cash flows
- Statement of changes in financial position
- Notes and supplementary schedules
- Suspense accounts
- Extraordinary items
- Taxation
- Explain the main concepts and framework of financial accounting
- Read a balance sheet and an income statement
- Describe cash flows and the statement of changes in financial position
- Use notes and supplementary schedules to interpret statements
- Recognize suspense accounts, extraordinary items and tax entries
- Internal Auditors
- Financial Managers
- Purchasing and Procurement Managers
- Operational Managers