Many of us flinch when we hear terms like depreciation, cash flow, balance sheet, and (worst of all!) budgets. However, these are all important concepts to understand if you’re going to succeed in today’s business world, particularly in your auto dealership. Even better, financial terms are not as scary as they seem!
Describe the art of finance and key financial terms
Determine your role in company finances
Find the rules and regulations for your area and industry
Discuss various types of financial reports
Explain how a chart of accounts is created
Differentiate between cash and accrual accounting
Explain single-entry and double-entry bookkeeping
Differentiate between debits and credits
Identify and analyze important financial data and make financial decisions
Read annual reports
Asses whether a company is financially high or low risk
Learn different types of organizational financial plans
Explain what budgets are, and how to prepare them
Recognize what computer skills you need to make you a financial whiz
Deal with financial situations that impact the people that work for you
Getting the facts straight
The accounting cycle
The key reports
Keeping score
A review of financial terms
Understanding debits and credits
Your financial analysis toolbox
Identifying high and low risk companies
The basics of budgeting
Working smarter
People and numbers
Instruction by an expert facilitator
Small interactive classes
Specialized manual and course materials
Personalized certificate
Face to Face 1 day
Virtual 3 X 2-Hr Sessions
Basics of Accounting
Basics of Accounting
$ 3,000.00 CAD
Many of us flinch when we hear terms like depreciation, cash flow, balance sheet, and (worst of all!) budgets. However, these are all important concepts to understand if you’re going to succeed in today’s business world, particularly in your auto dealership. Even better, financial terms are not as scary as they seem!
What you will learn
Describe the art of finance and key financial terms
Determine your role in company finances
Find the rules and regulations for your area and industry
Discuss various types of financial reports
Explain how a chart of accounts is created
Differentiate between cash and accrual accounting
Explain single-entry and double-entry bookkeeping
Differentiate between debits and credits
Identify and analyze important financial data and make financial decisions
Read annual reports
Asses whether a company is financially high or low risk
Learn different types of organizational financial plans
Explain what budgets are, and how to prepare them
Recognize what computer skills you need to make you a financial whiz
Deal with financial situations that impact the people that work for you
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