Dollars and Sense, Financial Fundamentals
Learning Outcomes:
•Define key accounting terms
•Identify financial tools - deposit book, sales invoices, payment devices, online storage, log book,and online payroll calculator
•Describe the role of the auditor and audit proofing
•Identify the key elements of the financial organization - controlling, protecting, organizing paper flow, and storage
•List the components of basic bookkeeping - debits, credits, journal entries, and different options for accounting systems
•Read, prepare and improve basic financial statements – income statement, trial balance, and balance sheet
•Complete government reporting – requirements and process of completing
•Explain various tax issues and the process of filing taxes
•Compare and contrast computerization options - Sage 50, QuickBooks, and mobile applications
•Calculate pricing of products and services
•Create a budget A-Z - personal requirements, budget for business, and excel spreadsheet introduction (prepared manually)
•Complete a cash flow projection
•Analyze financial data – liquidity, solvency, turnovers and comparison to industry standards
•Review all concepts of accounting activity
Standard Topics:
•Bookkeeping fundamentals
•Financial statements
•Budgets and cash flow projections
•Government reporting requirements
•Tax compliance
•Pricing products
•Basic financial Analysis
Comments
“ Having just completed the LAE ten-week Project Management Essentials Course, I can say whole heartedly that it was an extraordinary experience. Instructor Lynn MacKinnon taught this course with a level of professionalism and courtesy where she welcomed every student into the class with warmth and a smile. Our group was made up of business professionals involved in a wide variety of industries both small and large whose primary goal was to learn the necessary skillsets that could be applied to our respective businesses. To say this course met our expectations is an understatement as the class discussions allowed us to take the curriculum and apply it hands on to our respective business cases. Since completing the course I have had the opportunity to apply it to both our family business and to a large scale project with my corporate employer. I highly recommend the Project Management Essentials course as it allows you to breakdown your project to its fine points and build a foundation to start your ideas and goals. It allows you to plan your budget, set your target milestones and develop a step-by-step process to completion. This course should be the baseline for any business owner or entrepreneur.”
JAMES TAYLOR
Business Development Officer
COMMISSIONAIRES NOVA SCOTIA
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