C014 — Budgets and Financial Reports

Module One: Getting Started
• Icebreaker
• Housekeeping Items
• The Parking Lot
• Workshop Objectives

Module Two: Glossary
• What Is Finance
• Commonly Used Terms
• Key Players (People, Jobs)
• Important Finance Organizations
• Understanding GAAP

Module Three: Understanding Financial Statement
• Balance Sheets
• Income Statements (AKA Profit And Loss Statements)
• Statement of Retained Earnings
• Statement of Cash Flows
• Annual Reports

Module Four: Analyzing Financial Statements, Part One
• Income Ratios
• Profitability Ratios
• Liquidity Ratios
• Working Capital Ratios
• Bankruptcy Ratios

Module Five: Analyzing Financial Statements, Part Two
• Long Term Analysis Ratios
• Coverage Ratios
• Leverage Ratios
• Calculating Return on Investment (ROI)

Module Six: Understanding Budgets
• Common Types of Budgets
• What Information Do I Need?
• Who Should Be Involved?
• What Should A Budget Look Like?

Module Seven: Budgeting Made Easy
• Factoring In Historical Data
• Gathering Related Information
• Adjusting For Special Circumstances
• Putting It All Together
• Computer Based Methods

Module Eight: Advanced Forecasting Techniques
• Using the Average
• Regression Analysis
• Extrapolation
• Formal Financial Models

Module Nine: Managing the Budget
• How To Tell If You’re On the Right Track
• Should Your Budget Be Updated
• Keeping a Diary of Lessons Learned
• When to Panic

Module Ten: Making Smart Purchasing Decisions
• 10 Questions You Must Ask
• Determining the Payback Period
• Deciding Whether to Lease or Buy
• Thinking Outside the Box

Module Eleven: A Glimpse into the Legal World
• A Brief History
• The Sarbanes Oxley Act
• CEO/CFO Certification
• Thinking Outside the Box

Module Twelve: Wrapping Up
• Words from the Wise
• Review of Parking Lot
• Lessons Learned
• Completion of Action Plans and Evaluations