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June 12 @ 8:00 am - 5:00 pm

|Recurring Event (See all)

One event on March 23, 2018 at 8:00am

One event on May 4, 2018 at 8:00am

One event on June 12, 2018 at 8:00am

Live Online Instructor Led

TARGET AUDIENCE

This course is intended for non-financial individuals who want to gain basic knowledge of accounting fundamentals.

COURSE OBJECTIVES

Upon successful completion of this course, students will understand cash and accrual accounting, basic recordkeeping, ledger and journal entries and financial statement preparation.

Course Outline

1 – GETTING THE ‘RIGHT ‘ NUMBERS

Qualitative vs. Quantitative Decision-Making Standards Effective and Efficient Decisions Constraints

2 – REVIEW OF THE FINANCIAL STATEMENTS1 – GETTING THE ‘RIGHT ‘ NUMBERS

Qualitative vs. Quantitative Decision-Making Standards Effective and Efficient Decisions Constraints

The Balance Sheet and Income Statement Statements of Cash Flow What the Financial Statements Do Not Tell You

3 – MAKING MONEY

Maximizing Profit or Minimizing Cost Thinking in Units Defining Cost

4 – IDENTIFYING COSTS AND THEIR BEHAVIORS

Fixed, Variable, and Mixed Costs Relevant Range Cost Per Unit Cost Categories on the Income Statement Discerning Variable Costs Discerning Mixed Costs

5 – CONTROLLING COSTS

Contribution Margin on the Income Statement Activity-Based Costing Non-Value-Added Activity

6 – AM I BREAKING EVEN?

The Cost-Volume-Profit Graph The Contribution Margin Approach to Break-Even Calculating ‘What If’ Profit Margin of Safety

7 – OPERATING LEVERAGE

Defining Operating Leverage Operating Leverage and the Bottom Line

8 – INFLUENCES ON PRICING

Pricing in Line with the Competition Trade-Offs Between Price and Demand Elasticity of Demand Illustrated Market and Cost Influences on Pricing Qualitative Factors in Relation to Price

9 – MAKING THE NUMBERS WORK FOR YOU

Responsible Decision-Making Quality Mangement

Details

Date:
June 12
Time:
8:00 am - 5:00 pm
Event Category:

Organizer

Tony Scott
Phone:
6019145026
Email:
tony@systemsit-ms.com
Website:
www.systemsit-ms.com

Venue

Systems IT
1855 Lakeland Drive, Suite R-101
Jackson, MS 39216 United States
+ Google Map
Phone:
6019144500
Website:
www.systemsit-ms.com