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Mastering Financial Acumen Fundamentals(Self-Paced)

Mastering Financial Acumen Fundamentals(Self-Paced)

Course Overview:


This course introduces key accounting principles to help participants understand how to evaluate the financial viability of a business. Participants will learn how to calculate net worth, cost of business activities, and key financial ratios. The concepts of revenue and expense recognition will be demonstrated, as well as how to control cash and analyze cash flow and financial statements.


Week 1:
Personal Accounting

Understand the importance of financial literacy. Understand fundamentals of accounting for net worth, assets and liabilities. Distinguish accrual accounting from cash accounting. Identify the basic financial statements.

Week 2:
Introduction to Business Accounting & Revenue and Expense Recognition

Understand how accounting concepts influences business reporting. Describe the difference between current and long-term assets and liabilities. Describe the three ways to recognize expenses. Discuss the ethics surrounding revenue and expense recognition.

Week 3:
Cost Allocation & Revenue Recognition and Cost of Goods Sold

Identify the costs associated with inventory and how to calculate gross profit. Describe the three ways to recognize revenue and how cost of goods sold is used to calculate gross profit. Learn the importance of gross profit and the difference between fixed and variable costs.

Week 4:
Adjustments & Inventory Shrinkage

Learn the importance of adjustments and how bad debt and depreciation impacts the business. Discuss inventory shrinkage and the ethical issues related to inventory and adjustments.


Week 5:
Cash Flow & Trade Math

Learn the purpose of the cash flow statement and how it is prepared. Understand the concepts of mark-ups, discounts and up-selling. Learn about key performance indicators.

Week 6:
Financial Analysis & Internal Controls

Perform ratio analysis on financial statements to determine the financial health of a company. Learn about implementing controls to check and regulate business operations.

CIPS re-certifcation credits for the successful completion of this program total 30 credits - see http://www.cips.ca/recertification .


NOTE:
For pricing information on multiple course registrations of 5 or greater, please call 416 290 0240 ext 221


Length: 6 Weeks - Minimum Required Commitment Time: 6 Hours Per Week

Syllabus: Download

Course Dates:

Jul 11, 2011 - Jul 02, 2012 $895.00 Register Now


Solely Self-Paced

Solely Self-Paced       

This course introduces fundamental accounting principles and is delivered via a solely self-paced online design, without the assistance and participation of a professor to contribute the management perspectives of business. This program because it does not require a Professor is always available to operate on demand.read more.