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Fundamentals of Finance and Accounting for Administrative Professionals

Fee:

$1,895

· QuickCode:

QQAGWH

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*When registering by phone, use Priority Code: XNNT

Provider:
AMA (American Management Association International)

Topic(s):
Finance & Accounting > Fundamentals

Who Should Attend?
Secretaries who need to understand financial jargon and the basics of finance

• Fundamentals of Finance and Accounting for Non-Financial Managers
• AMA's Finance Workshop for Nonfinancial Executives

Full Seminar Description

Learn the basics of accounting for administrative professionals and increase your value.

An introduction to the fundamentals of accounting for administrative assistants, secretaries, executive secretary and other administrative professionals, this seminar gives you an understanding of the financial aspects of business to ensure budgets and expenses stay on track.

Fundamentals of Finance and Accounting for Administrative Professionals will give you the confidence to deal with financial information accurately and efficiently.

HOW YOU WILL BENEFIT:

• Learn how to apply the basics of accounting for administrative professionals' duties
• Understand accounting language, key terms and financial definitions
• Understand financial statement analysis and balance sheet analysis
• Study annual reports to determine your company’s overall condition
• Gain familiarity with the accounting process
• Assist your manager with the ability to make bottom-line decisions with knowledge of the numbers end of the business
• Dramatically expand your professional expertise…and open up new career possibilities for yourself

WHAT YOU WILL COVER:

• Different methods of cash flow
• Basic accounting and budgeting
• Double-entry accounting
• The annual report and the auditor's role
• Evaluating a company's financial statements

Who Should Attend

Administrative assistants, secretaries, executive secretaries and other administrative professionals working with managers or executives who handle financial matters.

Note: Please bring a calculator and a copy of your annual report (if available).

The Institute for Certification, a department of International Association of Administrative Professionals™, will grant 18 points towards CPS® recertification to qualified individuals who attend this seminar.

Extended Description

Learning Objectives

• Explain Basic Accounting Concepts, Terminology and Processes, and the Relevance to a Business Department
• Explain the Components of an Annual Report
• Analyze a Set of Financial Statements to Evaluate the Business’ Financial Health
• Differentiate the Financing Options Available to a Business and Situations Where Each Might Be Used

Understanding the Key Financial Statements and Their Significance

• State the Purpose of and the Interrelationship Among:
• – Income Statement
• – Balance Sheet
• – Retained Earnings Statement
• – Cash Flow Statement
• Define the Key Components of Each Statement

Understanding the Accounting Process

• Define the Five Types of Accounts
• – Asset
• – Liability
• – Equity
• – Revenue
• – Expense
• Explain the Accounting Process from Transaction Entry to Closing the Books
• State the Significance of Double-Entry Accounting
• Determine the Impact of Different Types of Transactions on the Accounting System

Understanding the Components of an Annual Report and Auditor’s Role

• Describe the Differences in Financial Reporting for Public, Private, Not-for-Profit, and Government Organizations
• Differentiate Among the Different Types of Audits
• State the Role of the External Auditor in the Financial Reporting Process
• Evaluate the Different Sections in an Annual Report and Discuss the Significance of Each

Evaluating an Organization’s Financial Statements

• Discuss the Varying Reasons for Statement Analysis and Their Impact on the Process
• Calculate Commonly Used Financial Ratios
• Evaluate the Financial Health of a Business in the Areas of Liquidity, Leverage and Profitability

Financing the Business

• Discuss the Role of Leveraging in Improving Return to the Shareholders
• Discuss the Role of Short-Term Financing in Meeting an Organization’s Financial Needs
• Differentiate Between the Various Long-Term Financing Alternatives and Understand Their Impact on the Business
• Identify Appropriate Financing Alternatives for Different Types of Business Needs

Budgeting More Effectively

• Explain the Purpose of a Budgeting System and Provide an Overview of the Entire Process
• Differentiate Among Commonly Used Budgeting Systems
• Budget for Common Expense Categories
• Analyze Budget Variances as to Their Significance and Cause
• Budget for Special Events and Projects

Sponsor Background:

• provide comprehensive, hands-on training that is of practical use when you return to the job
• focus on need-to-know specifics, relevant to the demands of global business today
• offer the expertise and personalized attention of top-ranking instructors
• facilitate your career development and business savvy

Whether you're looking for a solid foundation of business fundamentals or strategies to help you seize growth opportunities for your company, AMA offers expert instruction to help you:

• manage your priorities effectively
• cultivate more productive working relationships
• increase your on-the-job value
• align your skills with marketplace demands
• bring out the best in people, processes and yourself

Cancellation and Refund Policy

If you cannot attend a seminar you may contact AMA in advance to transfer to a future session, or can send someone to take your place. If you need to cancel your attendance, AMA will give you a complete refund if you cancel more than three weeks before your seminar begins. To cancel, simply call. If you cancel with less than three weeks' notice, you will be liable for the entire seminar fee, however you may request a courtesy transfer to use at any future AMA seminar of equal or lesser value. The courtesy transfer must be used within one year of the date of your originally scheduled seminar. In fairness to all attendees, if you do not attend a seminar session for which you are confirmed, and do not cancel with a minimum of three weeks’ notice as described above, you will be charged the entire seminar fee.

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