Prepare Budgets with Confidence
Seminar Outline:
In today's business world, it is essential that managers have a working knowledge of finance. Many managers find themselves thrust into financial situations with little or no preparation. They're faced with confusing accounting terms, the responsibility of putting together a budget, and the fear of making major decisions that will have a serious financial impact on their company.
We all play a role in our organization's finances, whether we realize it or not. For those who don't have training or a background in finances, you may be at a disadvantage as you sit around the management table. Understanding the cycle of finance will help you figure out where you fit into your company's financial structure. This two-day budget and financial management workshop will familiarize you with the key concepts of finance and accounting and will help you prepare budgets with more confidence.
How You Will Benefit:
Assess the financial performance and health of your firm
Enhance your decision-making skills by integrating financial management concepts into your thinking
Understand the budgeting process and forecasting techniques
Manage your own budget, inventory and petty cash
What You Will Learn:
Your role in company finances
Definition of assets, liabilities and equity
Accounts payable and receivable
Understanding financial statements
Budgeting and forecasting techniques
Types of budgets
Comparing software applications
Tracking business expenses
GAAP
The human side of finances
How to make good financial decisions
Comparing investment opportunities
ISO 9000
Who Should Attend:
Senior managers, managers,government employees,supervisors who will have budgetary responsibility
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