- Course Objectives
Budgets And Financial Reports
Program Overview
Program Content
Instructors
Welcome to the Budgets and Financial Reports workshop. Everyday businesses deal with budgets and financial reports in some form or fashion. At minimum, business managers review budget numbers and run financial reports for decision-making and reporting to shareholders and Federal regulators once a month. Many companies devote the last few months of the calendar year to creating budgets for the next calendar year. In addition, organizations create and disseminate year-end financial reports to investors.
The goal of this workshop is to give the participant a basic understanding of budgets and financial reports so they can hold relevant discussions and render decisions based on financial data. This course will define key terms like ROI, EBIT, GAAP, and extrapolation. Furthermore, this one-day course will discuss commonly used financial terms, financial statements, budgets, forecasting, purchasing decisions, and laws that regulate the handling of financial information.
Introduction
Module 1
- Glossary
- What is Finance?
- Commonly Used Terms
- Key Players
- Important Financial Organizations
- Understanding GAAP
- Knowledge Check
Module 2
- Understanding Financial Statements
- Balance Sheets
- Income Statements (AKA Profit & Loss Statements)
- Statement of Retained Earnings
- Statement of Cash Flow
- Annual Reports
- Knowledge Check
Module 3
- Analyzing Financial Statements (I)
- Income Ratios
- Profitability Ratios
- Liquidity Ratios
- Working Capital Ratios
- Bankruptcy Ratios
- Knowledge Check
Module 4
- Analyzing Financial Statements (II)
- Long-Term Analysis Ratios
- Coverage Ratios
- Leverage Ratios
- Calculating Return on Investment (ROI)
- Knowledge Check
Module 5
- Understanding Budgets
- Common Types of Budgets
- What Information Do I Need?
- Who Should Be Involved?
- What Should a Budget Look Like?
- Knowledge Check
Module 6
- Budgeting Made Easy
- Factoring in Historical Data
- Gathering Related Information
- Adjusting for Special Circumstances
- Putting It All Together
- Computer Based Methods
- Knowledge Check
Module 7
- Advanced Forecasting Techniques
- Using the Average
- Regression Analysis
- Extrapolation
- Formal Financial Models
- Knowledge Check
Module 8
- Managing the Budget
- How to Tell If Youβre on Track
- Should Your Budget be Updated
- Keeping a Diary of Lessons Learned
- When to Panic
- Knowledge Check
Module 9
- Making Smart Purchasing Decisions
- 10 Questions You Must Ask
- Determining the Payback Period
- Deciding Whether to Lease or Buy
- Thinking Outside the Box
- Knowledge Check
Module 10
- A Glimpse into the Legal World
- A Brief History
- The Sarbanes-Oxley Act
- CEO/CFO Certification
- 8th Company Law Directive
- Knowledge Check
Assessment
- Post-Test
Wrapping Up
- Course Summary
Mena Center
Training Programs: 62
Students: 69
Email: s.maiteh@menatech.edu.jo