NetZealous LLC, DBA TrainHR, Hotel: Courtyard Arlington Crystal City/Reagan National Airport 2899 Jefferson Davis Highway Arlington, VA 22202 USA
2016-10-06
Overview: This action packed seminar will include understand the accounting process, GAAP compliance, IFRS, understanding the Profit & Loss (GP, OP, NP), Balance Sheet (ROE, ROA) and Cash Flow, major phases of budgeting, how to format a budget, how to prepare a forecast, the different profiles used in planning, inventory management including basic inventory controls, cycle counting, inventory accuracy rates, carrying costs, how cash is impacted, how to enhance plans, processes, policies, practices, plus improving cost controls and revenue enhancements within the organizations. It will identify the best practices to understand capital evaluation methods payback, NPV, (ROI) return on investment, IRR (internal rate of return, break evens, how to establish financial targets, control costs, and how ratios such as profitability, liquidity, debt and efficiency work. This information filled seminar will help you address: - Necessity of planning for accurate numbers,
- Characteristics of successful accounting system
- How to limit risks and costs that come with making financial decision,
- How to outline a budget and a forecast
- How to prepare a strategic plan
- How manage lost of productivity, customer satisfaction, quality issues,
- Inventory Management Best Practices,
- Financial Statement Analysis
Why should you attend: Have you ever been in a meeting and you were uncertain, doubtful of your ability to grasp “the numbers being addressed” or ever felt lost or just said "I have not clue what language this people are talking" well we have the workshop for you. Grasping the numbers is an essential business skill, vital to how you contribute to your organization’s success. If preparing budgets, controlling inventory, interpreting financial data, understanding accounting terms, reviewing financials statements, forecasting, evaluating new company initiatives (capital projects) are all or just a small portion of your daily responsibilities this is the seminar for you! Gain the knowledge, behaviors and confidence to meet the challenges of today’s difficult economy you will benefit from the latest financial management strategies and techniques to keep your skills sharp and your financial acumen strong and focused. This powerful, action packed, information filled, 2-day seminar will enhance your knowledge of your job by helping you understand Finance, Accounting, Budgeting, Inventory and Finance Statement Analysis.(All in 2 days! ) Areas Covered in the Session: - Language of Business (Business Vocabulary)
- Understanding Accounting Concepts & applying GAAP, IFRS
- Understanding the Financial Statements (Balance Sheet, Income Statement, Cash Flow,
- How to Quickly Decipher Statements (Vertical analysis and Horizontal Analysis)
- How to Increase your Competitive Position
- Understanding Best Practices of Inventory Management (Three Step Process for Smooth Inventory)
- Calculating Inventory Carrying Costs
- How Use and Manage Cycle Counts
- How to Increase your Inventory Accuracy Rate (How Accurate is Your Inventory?)
- Dealing with the Challenge of WIP
- How to Prepare Budgets (6 basic budgets)
- Understanding Effective Budget Rules
- Understanding FASB 117 Financial Statements for Non-Profits
- Understanding Top's Down vs. Bottom's Up
- Understanding the Budget Phases
- Capital Budget Evaluation (NPV, IRR, Payback, Hurdle Rate)
- How to Prepare a Forecast
- Seven Steps in Forecasting
- Understanding the Different Methods in Forecasting
- How to Prepare a Strategic Plan
- Understanding the Profiles of Strategic Planning
- (Current Company, Market, Competitors, Product, Service, New Company) Understanding Ratios (profitability, liquidity, efficiency, debt)
- Team Case Studies (Open Discussion and Studies)
- much more!
Who will benefit: - Anyone who wants to learn accounting, finance
- Inventory Personal
- Budget Personal
- Supervisors, Managers
- Team Leaders
- Employees of all types
- Any one who is of Non Financial nature
- Anyone new to Accounting, Budget, Forecasting or Strategic Planning
- Anyone new to inventory
- Anyone who wishes to increase or refresh their knowledge of these areas.
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Agenda: Day 1: Lecture 1: - Learn how to present ideas in financial terms for greater impact
- Gain confidences with figures and facts
- Understand fundamentals of finance and accounting
- How to increase your competitive position by understanding the numbers
- Understanding cash basis versus accrual basis accounting
- The importance of CASH
- How to increase cash flow
- How to read and understand Financial Statements (Profit & Non-Profits)
- How to analyze the Financial Statements for Performance and Decision making.
- Learn standard practices, languages, terms of accounting and financial
- Learn Best Practices for Managing Inventories
- How to understand Inventory Accuracy Rate
- How to use and manage Cycle Counting
- Language of Business (Business Vocabulary)
- Understanding Accounting Concepts & applying GAAP, IFRS
- Understanding the Financial Statements
- Balance Sheet, Income Statement, Cash Flow
- How to Quickly Decipher Statements
Lecture 2: - Understanding the Role of Inventory
- How to Increase your Competitive Position 7 Steps
- Understanding Best Practices of Inventory Management 10 Steps
- Understanding the 4 Objectives of Inventory Management
- Three Step Process for Smooth Inventory
- Calculating Inventory Carrying Costs
- How Use and Manage Cycle Counts
Lecture 3: - How to Prepare Budgets (6 basic budgets)
- Understanding Effective Budget Rules
- Understanding FASB 117 Financial Statements for Non-Profits
- Understanding Top's Down vs. Bottom's Up
- Understanding the Budget Phases
- How to prepare a Budget (8 Steps)
Team Case Studies (Open Discussion and Studies) Day 2: Lecture 1: - Capital Budget Evaluation (NPV, IRR, Payback, Hurdle Rate)
- How to Prepare a Forecast
- Seven Steps in Forecasting
- Understanding the Different Methods in Forecasting
Lecture 2: - Strategic Thinking
- How to Prepare a Strategic Plan
- Understanding the Profiles of Strategic Planning
- (Current Company, Market, Competitors, Product, Service, New Company)
Lecture 3: - How to perform Financial Statement Analysis
- How to perform a Profitability Analysis
- How to perform Operating Efficiency Analysis
- How to perform Liquidity Analysis
- How to perform Capital Structure/Debt Analysis
Team Case Studies (Open Discussion and Studies) Location: Washington, DC Date: October 6th & 7th, 2016 Time: 9:00 AM to 6:00 PM Venue: Courtyard Arlington Crystal City/Reagan National Airport Address: 2899 Jefferson Davis Highway Arlington, VA 22202 USA
Price $895.00 (Seminar fee for One Delegate)
Register now and save $200. (Early Bird) Until August 31, Early Bird Price: $895.00 From September 1 to October 4, Regular Price: $1,095.00 Quick Contact: NetZealous DBA as TrainHR Phone: 1- 800-385-1627 Fax: 302-288-6884 Email: support@trainhr.com Website: https://www.trainhr.com/ Registration Link - https://www.trainhr.com/control/hr-seminar/~product_id=100085SEMINAR Follow on LinkedIn: https://www.linkedin.com/company/trainhr
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Invited Speakers:
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David Sanders Owner and President, Sanders and Sullivan Consulting David is considered one of the worlds leading experts in accounting, finance, accounts payable, accounts receivable, budgeting, collections, cost accounting, personal finance, personal income taxes, business taxes, business set up, sales & use taxes. internal controls, inventory management, cycle counting, record keeping and vendor, supplier management. He has continuous requests to train employees and to hold public seminars. He has conducted approximately 10,000 training sessions, including public seminars, on-sites, company training, chamber of commerce's, colleges, videos, CD's and webinars worldwide. David is called upon nationally and internationally for his SOX training abilities and to perform, walk through interim testing for core financial processes such as internal controls, fraud detection, internal controls, financial reporting, revenue, inventory, and expenditure testing. The author of four acclaimed books and over 25 seminar workbooks and numerous webinars, David has a talent for breaking things down into easy to understand steps that can be implemented immediately. David was an Endorsed Local Provider for the Dave Ramsey Show covering the greater Cincinnati and Northern KY area. David has a wealth of experience to share that is supported by impeccable financial credentials including over 37 years experience in the financial industry. He holds numerous degrees including Accounting, Business Administration and Finance. His experience has included Accounting Manager, Corporate Controller, CFO, Government Tax Auditor, Business Consultant, and senior partner for various Accounting/ Tax/ Auditing firms nationally.
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