Work Force Training and Development Series

Bookkeeping

Learn the basics of bookkeeping including general bookkeeping, summarize accounts receivable and accounts payable; record entries in journals and subsidiary journals; post entries to general ledger; and complete bank reconciliations.  Understand financial statements (balance sheet, income statement, and cash flow statement) and conduct ratio analysis.

Business Math and Basic Finance

Master common business mathematical calculations as they relate to business and consumer subjects in the areas of accounting, finance, insurance, statistics and other math-related subjects. Examine key consumer issues: bank reconciliations, discounts, markups and markdowns and installment purchases subject to simple and compound interest.

Purchasing

Understand the purchasing process including developing purchase orders, managing petty cash fund, and reviewing invoices for payment.  Also understand purchasing and accounting internal controls.

Budgets, budgets, budgets!

Understand how your company develops a budget and how it drives the company’s strategic plans.  Examine the basic elements of a budget including revenue and expenses.  Learn how to develop estimates as well as compare budget versus actual.  Also, learn how to explain variances (budget versus actuals.)