The Expert In Anything Was Once A Beginner

Budgets and Financial Reports

1 Day, 9:00-4:00, 6 Hours

Course Overview

Money matters can be intimidating for even the smartest people. However, having a solid understanding of basic financial terms and methods is crucial to your career. When terms like ROI, EBIT, GAAP, and extrapolation join the conversation, you’ll want to know what people are talking about, and you’ll want to be able to participate in the discussion.

The Budgets and Financial Reports workshop will give you a solid foundation in finance. We’ll cover topics like commonly used terms, financial statements, budgets, forecasting, purchasing decisions, and financial legislation.

Course Outline

Module One: Getting Started

  • 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?

Module Seven: Budgeting Made Easy

  • 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

Cost and Delivery Format Options

We offer the above listed class as a private group class in the following delivery formats:

Private Group Class: Live Virtual
1-6 students $1650
7-12 students $2800
13-18 students $3500
Private Group Class: At Your Location
1-6 students $1900
7-12 students $3050
13-18 students $3750

Private Group Training

Private group classes are cost effective when you have a group of students who need the same course. Volume discounts of 5% to 20% are available when five or more training days are scheduled. For classes conducted at your location, you are responsible for the classroom setup which should include:

  • A computer for each student (with the appropriate software installed), and
  • An instructor workstation connected to a visual display (e.g., projector, smartboard, etc.).

Customization

Softek can easily customize a training course that covers the specific topics you require and integrate examples relevant to your work environment. Course customization is billed at $150 per hour and covers time needed to meet, discuss, prepare, and incorporate any specific examples into the training program. Once we have a better idea of what you have in mind, we will be glad to provide a specific price quote for the customization.

Why Choose Softek?

  • Live, virtual or in-person training
  • Instructors with 15+ years of experience
  • Detailed training guide
  • Certificate of completion
  • Money-back guarantee