Budgets And Financial Reports

• 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?

• 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