In this course, students will learn about accounting fundamentals.

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* Actual course outline may vary depending on offering center. Contact your sales representative for more information.

Learning Objectives

Upon successful completion of this course, students will understand cash and accrual accounting, basic recordkeeping, ledger and journal entries and financial statement preparation.

1

  • Getting the 'Right ' Numbers

  • Qualitative vs. Quantitative Decision-Making
    Standards
    Effective and Efficient Decisions
    Constraints
2

  • Review of the Financial Statements

  • The Balance Sheet and Income Statement
    Statements of Cash Flow
    What the Financial Statements Do Not Tell You
3

  • Making Money

  • Maximizing Profit or Minimizing Cost
    Thinking in Units
    Defining Cost
4

  • Identifying Costs and Their Behaviors

  • Fixed, Variable, and Mixed Costs
    Relevant Range
    Cost Per Unit
    Cost Categories on the Income Statement
    Discerning Variable Costs
    Discerning Mixed Costs
5

  • Controlling Costs

  • Contribution Margin on the Income Statement
    Activity-Based Costing
    Non-Value-Added Activity
6

  • Am I Breaking Even?

  • The Cost-Volume-Profit Graph
    The Contribution Margin Approach to Break-Even
    Calculating 'What If' Profit
    Margin of Safety
7

  • Operating Leverage

  • Defining Operating Leverage
    Operating Leverage and the Bottom Line
8

  • Influences on Pricing

  • Pricing in Line with the Competition
    Trade-Offs Between Price and Demand
    Elasticity of Demand Illustrated
    Market and Cost Influences on Pricing
    Qualitative Factors in Relation to Price
9

  • Making the Numbers Work for You

  • Responsible Decision-Making
    Quality Mangement

Audience

This course is intended for non-financial individuals who want to gain basic knowledge of accounting fundamentals.

Language

English

Prerequisites

There are no rerequisites for this course.

$435

Length: 1.0 day (8 hours)

Level:

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