Dollars and Sense, Financial Fundamentals
Learning Outcomes:
•Define key accounting terms
•Identify financial tools - deposit book, sales invoices, payment devices, online storage, log book,and online payroll calculator
•Describe the role of the auditor and audit proofing
•Identify the key elements of the financial organization - controlling, protecting, organizing paper flow, and storage
•List the components of basic bookkeeping - debits, credits, journal entries, and different options for accounting systems
•Read, prepare and improve basic financial statements – income statement, trial balance, and balance sheet
•Complete government reporting – requirements and process of completing
•Explain various tax issues and the process of filing taxes
•Compare and contrast computerization options - Sage 50, QuickBooks, and mobile applications
•Calculate pricing of products and services
•Create a budget A-Z - personal requirements, budget for business, and excel spreadsheet introduction (prepared manually)
•Complete a cash flow projection
•Analyze financial data – liquidity, solvency, turnovers and comparison to industry standards
•Review all concepts of accounting activity
Standard Topics:
•Bookkeeping fundamentals
•Financial statements
•Budgets and cash flow projections
•Government reporting requirements
•Tax compliance
•Pricing products
•Basic financial Analysis
Comments
I recently attended a Sage 50, 40 hour course being facilitated by Chris Lewis of Chris Lewis Business Solutions. Located and sponsored through NOBL and CBDC New Glasgow.
I found the course and content to be very useful to me in a way that gave me the confidence to start a business plan for a small business in Bookkeeping.
Chris Lewis is very knowledgeable in the field of accounting and business and facilitated the program very well and professional. He gave more than anticipated tips and tricks of the trade which will also be very useful to me being new to the business world.
It is a great opportunity in my opinion to attend such courses being offered; especially for free. These courses can run you anywhere from $1500 to $2500 depending on the institution. I would like to attend more courses like this to keep my skills up to date and to gain more knowledge of the business world.
Corinna Reynolds
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