This powerful training program will enhance participants’ knowledge and help understand the basics of finance, accounting, budgeting, inventory, and finance statement analysis. It will identify best practices to understand capital evaluation methods, and establish financial targets and control costs. This webinar will also address profitability, liquidity, debt and efficiency ratios.

Course Objective:

This webinar will help you understand the accounting process, GAAP, major phases of budgeting, how to format a budget, how to prepare a forecast, inventory management cycle counting, inventory accuracy rates, carrying costs and relating impacts to cash which allows you to enhance plans, processes, policies, practices, improving cost controls and revenue enhancements within the organization. This webinar will help personnel, supervisors and managers assess:

• Necessity of planning for accurate numbers
• Characteristics of successful accounting system
• How to limit risks and costs that come with making financial decision
• How to outline a budget and a forecast
• How to prepare a strategic plan
• How to manage lost productivity, customer satisfaction, quality issues
• Inventory management best practices
• Learn how to present ideas in financial terms for greater impact
• Gain confidence with figures and facts
• Understand fundamentals of finance and accounting
• How to increase your competitive position by understanding numbers
• Understanding cash basis versus accrual basis accounting
• How to read and understand financial statements (profit and non-profits)
• How to analyze the financial statements for performance and decision making
• Learn standard practices, languages, and accounting and financial terms
• Learn best practices for managing inventories
• How to increase your inventory accuracy rate
• How to use and manage cycle counting

• Understand the difference between white box and black box testing.
• Developing a testing plan that provides actionable and reliable information.
• Executing testing from black to grey to white.
• Discovering risks of exposed data in the wild that may be used by an external threat.
• Finding the source of weaknesses to internal systems that an insider may use.
• Splitting the test between testers, so that you get reliable reports.

Course Outline:

• Language of Business (Business Vocabulary)
• Understanding Accounting Concepts and Applying GAAP, IFRS
• Understanding the Financial Statements (Balance Sheet, Income Statement, Cash Flow, Retained Earning Statement)
• How to Quickly Decipher Statements (Vertical Analysis and Horizontal Analysis)
• Calculating Inventory Carrying Costs
• How to Use and Manage Cycle Counts
• How to Increase Your Inventory Accuracy Rate
• Capital Budget Evaluation (NPV, IRR, Payback, Hurdle Rate)
• How to Prepare a Forecast
• Seven Steps in Forecasting
• Understanding the Different Methods in Forecasting
• How to Prepare a Strategic Plan
• Understanding the Profiles of Strategic Planning (Current Company, Market, Competitors, Product, Service, New Company)

What You Get:

• Training Materials
•  Live Q&A Session with our Expert
•  Participation Certificate
•  Access to Signup Community (Optional)
•  Reward Points

Who Will Benefit:

• Managers
• Supervisors
• Team Leaders
• Employees
• Anyone new to accounting, budget, forecasting or strategic planning
• Anyone who wishes to increase or refresh their knowledge of these areas