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SUMMARY:READING & UNDERSTANDING FINANCIAL STATEMENTS - Virtual Courses
DESCRIPTION:You pay all kinds of money to your accountant to prepare annual financial statements for your business\, but do you really know how to read them? This workshop goes through the sections of basic financial statements including balance sheets\, income statements and supporting documents to give you a thorough understanding of the information they contain. You will learn how to use common ratios used by lenders and investors to determine the health of your business\, as well as ways to thoroughly analyze the information contained in the statements. \n\n\n\nCourse Objectives \n\n\n\nTo learn how the double entry accounting system worksTo develop an understanding of the principles of accounting used in financial statementsTo learn what information is included in a balance sheetTo learn what information is included in an income statementTo learn how to analyze the information in financial statementsTo learn how to prepare a statement of cash flows\n\n\n\nCourse OutlineA. Bookkeeping Basics \n\n\n\nDouble entry accounting – a simple explanationAssets\, liabilities\, equity\, income & expense accountsDebits and credits\n\n\n\nB. Generally Accepted Accounting Principles (GAAP) \n\n\n\nCommon GAAPs used in accountingHow does this apply to your business?\n\n\n\nC. Basic Financial Statements \n\n\n\nBalance SheeTIncome StatementStatement of Cash Flows\n\n\n\nD. Understanding the Financial Statements \n\n\n\nHow can you use this information to manage your businessWhat do the numbers tell you?Using financial ratios to analyze the business\n\n\n\nE. Be the Banker \n\n\n\nPractice sessions analyzing a variety of businesses\n\n\n\nDate: November 29 & 30\, 2022Time: 9:00 a.m. – 4:00 p.m.Location: Aurora College\, Yellowknife CampusCost: $600.00Instructor: Heather Lyon
URL:https://www2.auroracollege.nt.ca/event/reading-understanding-financial-statements-virtual-courses/
CATEGORIES:Continuing Education Aurora Campus, Inuvik,Continuing Education Thebacha Campus, Fort Smith,Continuing Education Yellowknife North Slave Campus,Continuing Education, Online
ORGANIZER;CN="Karen Horn":MAILTO:KHorn@auroracollege.ca
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