Budgeting, Planning and Management Reporting

Section 1

Module 1: Basics of finance

• What is finance
• Important financial organizations
• Understanding gaap

Module 2: Understanding Financial Statement

• Balance sheets
• Income statements (aka profit and loss statements)
• Statement of retained earnings
• Statement of cash flows
• Annual reports

Section 2

Module 3: Analyzing Financial Statements, Part One

• Income ratios
• Profitability ratios
• Liquidity ratios
• Working capital ratios
• Bankruptcy ratios

Module 4: Analyzing Financial Statements, Part Two

• Long term analysis ratios
• Coverage ratios
• Leverage ratios
• Calculating return on investment (roi)

Section 3

Module 5: Understanding Budgets

• Common types of budgets
• What information is required for budget?
• Who should be involved?
• What should a budget look like?

Module 6: Budgeting Made Easy

• Factoring in historical data
• Gathering related information
• Adjusting for special circumstances
• Putting it all together
• Computer based methods

Section 4

Module 7: Advanced Forecasting Techniques

• Using the average
• Regression analysis
• Extrapolation
• Formal financial models

Module 8: Managing the Budget

• How to analyze you on the right track!
• When and how should your budget be updated
• Keeping a diary of lessons learned
• When to panic?

Section 5

Module 9: Making Smart Purchasing Decisions

• 10 questions you must ask
• Determining the payback period
• Deciding whether to lease or buy
• Thinking outside the box

Module 10: A Glimpse into the Legal World

• A brief history
• The Sarbanes Oxley act
• CEO/CFO certification
• Thinking outside the box

Module 11: wrapping up

• Summary
• Completion of action plans and evaluations
• Training evaluation