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Each Center for Leadership and Development course includes unique post-class reinforcement materials available for 1 year. Content such as ebooks, videos, personal and team assessments, templates, and team building materials have been curated to ensure you continue your journey, transform into the leader you were meant to be and drive real results for your organization. To learn more about transformative professional development visit www.succeedwithcld.com. 

Accounting Essentials

In this course, students will learn about accounting fundamentals.

This course may earn a Credly Badge.

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Learning Objectives

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

 

Course Details

Course Outline

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

    • Actual course outline may vary depending on offering center. Contact your sales representative for more information.

    Who is it For?

    Target Audience

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

    Accounting Essentials

    $435
    Course Length : 1 Day
     

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