Information Technology

Accounting Essentials

Instructor-Led 9 Agenda

Description

In this course, students will learn about accounting fundamentals.

Course Overview

In this course, students will learn about accounting fundamentals.

Course Objective

Upon successful completion of this course, students will understand cash and accrual accounting, basic recordkeeping, ledger and journal entries and financial statement preparation.

Who Should Attend

This course is intended for non-financial individuals who want to gain basic knowledge of accounting fundamentals.

Getting the 'Right ' Numbers Lesson Id 1

Getting the 'Right ' Numbers

Review of the Financial Statements Lesson Id 2

Review of the Financial Statements

Making Money Lesson Id 3

Making Money

Identifying Costs and Their Behaviors Lesson Id 4

Identifying Costs and Their Behaviors

Controlling Costs Lesson Id 5

Controlling Costs

Am I Breaking Even? Lesson Id 6

Am I Breaking Even?

Operating Leverage Lesson Id 7

Operating Leverage

Influences on Pricing Lesson Id 8

Influences on Pricing

Making the Numbers Work for You Lesson Id 9

Making the Numbers Work for You

Lesson Id	Title	Description
1	Getting the 'Right ' Numbers	Qualitative vs. Quantitative Decision-Making<br />Standards<br />Effective and Efficient Decisions<br />Constraints
2	Review of the Financial Statements	The Balance Sheet and Income Statement<br />Statements of Cash Flow<br />What the Financial Statements Do Not Tell You
3	Making Money	Maximizing Profit or Minimizing Cost<br />Thinking in Units<br />Defining Cost
4	Identifying Costs and Their Behaviors	Fixed, Variable, and Mixed Costs<br />Relevant Range<br />Cost Per Unit<br />Cost Categories on the Income Statement<br />Discerning Variable Costs<br />Discerning Mixed Costs
5	Controlling Costs	Contribution Margin on the Income Statement<br />Activity-Based Costing<br />Non-Value-Added Activity
6	Am I Breaking Even?	The Cost-Volume-Profit Graph<br />The Contribution Margin Approach to Break-Even<br />Calculating 'What If' Profit<br />Margin of Safety
7	Operating Leverage	Defining Operating Leverage<br />Operating Leverage and the Bottom Line
8	Influences on Pricing	Pricing in Line with the Competition<br />Trade-Offs Between Price and Demand<br />Elasticity of Demand Illustrated<br />Market and Cost Influences on Pricing<br />Qualitative Factors in Relation to Price
9	Making the Numbers Work for You	Responsible Decision-Making<br />Quality Mangement