What non-accountants should know about accounting?
04-December-2024 :01:00 PM EST Duration : 60 Minutes
Michael Schor,
Michael Schor, Associate Professor of Instruction on Ohio University’s finance faculty, is the president of the Greater Philadelphia Chapter of the Institute of Management Accountants (IMA). He is also a member of the Financial Management Association International (FMA). Mike earned an Read more
This 60-minute webinar on accounting basics covers topics that are significant for people working in other disciplines. Increased financial literacy helps bridge gaps between finance and non-finance teams. This webinar will help individuals improve their financial awareness and help organizational leaders build a productive and supportive environment for cross-functional collaboration.
Course Objectives:
Participants will be able to describe the responsibilities of the accounting function, the structure in which it operates, the expectations placed on members of the accounting staff, and ways in which an improved understanding of accounting can lead to enhanced organizational performance.
Participants will strengthen their insight into aligning their efforts with their organization's financial objectives, justifying requests with enhanced financial reasoning, collaborating across functional areas, and making relationships with accountants more harmonious and productive.
Greater awareness will ensue in the concepts of budgeting, cost analysis, and profitability.
Course Outline:
• Culture and mission of accounting departments
• Overview of accounting functions and structure
• Financial reporting vs. financial analysis
• Useful terminology
• Ethical considerations in the accounting world
• Conflicting goals around credit policy
• Pricing and profitability
• Budget creation and monitoring
• Connections for human resources, marketing, operations, & supply chain personnel
• The ‘business partnering’ role
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
This webinar is a good choice for people working in a wide range of fields including
• Human Resources Professionals
• Sales & Marketing Professionals
• Operations Professionals
• Information Technology Professionals
• Procurement Professionals
• Board members with backgrounds outside accounting and finance will benefit too, whether their organization is a profit-seeking or a not-for-profit entity
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
