Budgets and Financial Reports Course

Location: Washington DC.

Fee: $3,800

Duration: 1 week

Budgets and financial reports can only be handled successfully if certain basic and advanced skills are acquired. An understanding of financial terminology, interpreting various financial statements, forecasting techniques and budgeting methods are necessary skills.

Financial management is the lifeblood of an organisation. Budgeting and forecasting is an essential financial process for any business, no matter how large or small. This easy to understand and fun Budgets and Financial Reports Training course aims to demystify some of the financial terms and concepts and will define key terms like ROI, EBIT, GAAP, and extrapolation.

Participants will explore the tools, concepts and techniques used by financial analysts. They will be guided through a practical and best practice approach to understanding budgets and financial reports. The end result is a solid understanding of key finance and budgeting principles so that the participant can hold relevant discussions and render decisions based on financial data.

Learning Outcomes

In this course participants will:

• Understand financial terminology and concepts clearly
• Gain skills to analyse financial statements
• Understand the differences between budgets & budgeting
• Be able to implement techniques for effective budgeting
• Be able to apply advanced forecasting techniques
• Discover how to make smart purchasing decisions
• Interpret some of the legal aspects of finances

Course Outline

Budgeting & Financial Reports Training Course – Lesson 1 Getting Started

• Workshop Objectives

Budgeting & Financial Reports Training Course – Lesson 2 Glossary

• What is Finance?
• Commonly Used Terms
• Key Players
• Important Financial Organisations
• Understanding GAAP

Budgeting & Financial Reports Training Course – Lesson 3 Understanding Financial Statements

• Balance Sheets
• Income Statements (AKA Profit & Loss Statements)
• Statement of Retained Earnings
• Statement of Cash Flows
• Annual Reports

Budgeting & Financial Reports Training Course – Lesson 4 Analysing Financial Statements (I)

• Income Ratios
• Profitability Ratios
• Liquidity Ratios
• Working Capital Ratios
• Bankruptcy Ratios

Budgeting & Financial Reports Training Course – Lesson 5 Analysing Financial Statements (II)

• Long-Term Analysis Ratios
• Coverage Ratios
• Leverage Ratios
• Calculating Return on Investment (ROI)

Budgeting & Financial Reports Training Course – Lesson 6 Understanding Budgets

• Common Types of Budgets
• What Information do I Need?
• Who Should Be Involved?
• What Should a Budget Look Like?

Budgeting & Financial Reports Training Course – Lesson 7 Budgeting Made Easy

• Using the Average
• Factoring in Historical Data
• Gathering Related Information
• Adjusting for Special Circumstances
• Putting It All Together

Budgeting & Financial Reports Training Course – Lesson 8 Advanced Forecasting Techniques

• Computer Based Methods
• Regression Analysis
• Extrapolation
• Formal Financial Models

Budgeting & Financial Reports Training Course – Lesson 9 Managing the Budget

• How to Tell If You’re on Track
• Should Your Budget be Updated
• Keeping a Diary of Lessons Learned
• When to Panic

Budgeting & Financial Reports Training Course – Lesson 10 Making Smart Purchasing Decisions

• 10 Questions You Must Ask
• Determining the Payback Period
• Deciding Whether to Lease or Buy
• Thinking Outside the Box

Budgeting & Financial Reports Training Course – Lesson 11 A Glimpse into the Legal World

• A Brief History
• The Sarbanes-Oxley Act
• CEO/CFO Certification
• 8th Company Law Directive

Budgeting & Financial Reports Training Course – Lesson 12 Wrapping Up

• Words from the Wise

About Instructors

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