CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Accounting and Finance Know-How for Managers

Icon_Self-Study
Self-Study
Icon_Level
Intermediate
Credits
CPE Credits
12 Credits: Accounting

Course Description

This course covers everything business people and managers need to know about accounting and finance. It is directed at the businessperson who needs financial and accounting know-how but who has not had formal training in these areas. The entrepreneur or sole proprietor also needs this knowledge; he or she may have brilliant product ideas, but not the slightest idea about financing. The goal of the course is to provide a working knowledge of the fundamentals of finance and accounting that can be applied in the real world, regardless of firm size. It gives nonfinancial managers the understanding they need to function effectively with their colleagues in finance.

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Identify the scope, role, and importance of finance
  • List and define the responsibilities of financial managers
  • Distinguish between accounting and finance
  • Identify the financial and operating environments

Chapter 2

  • Cite important concepts of cost data
  • List and describe the types of costs
  • Identify other cost concepts used for planning, control, and decision making
  • Define the concept of cost behavior
  • Identify how to segregate fixed cost and variable cost
  • Compute the factors in cost analysis

Chapter 3

  • Define contribution analysis
  • Identify how to price a special order
  • Cite how to determine a bid price
  • Identify how to determine profit from year to year
  • Cite how to utilize limited capacity

Chapter 4

  • Identify the relationships among costs, volume, and profit
  • Cite important concepts related to break-even sales
  • Define the concept of margin of safety
  • Determine the cash break-even point
  • Identify the importance of sales mix to profit making

Chapter 5

  • Identify relevant costs
  • Identify how to accept or reject a special order
  • Identify how to price standard products
  • Determine whether to sell or process further
  • Identify whether to add or drop a product line
  • List qualitative factors

Chapter 6

  • Cite the uses of sales forecasts
  • Identify how to prepare a financial forecast
  • Cite important tenants of the percent-of-sales method of financial forecasting
  • Diagram the basic structure of the budget
  • Identify a shortcut approach to formulating the budget
  • Identify ways that an electronic spreadsheet can be used to develop a budget
  • Identify computer-based models used for financial planning and budgeting

Chapter 7

  • Define standards
  • Identify useful aspects of variance analysis
  • Identify how to set standards
  • Calculate sales variances
  • Identify and list cost variances
  • Cite the use of flexible budgets in performance reports
  • Identify variances in warehousing costs

Chapter 8

  • Define working capital
  • Cite how to finance an asset
  • Identify how to manage cash properly and get money faster
  • Identify how to delay cash payments
  • Compute the opportunity cost of foregoing a cash discount

Chapter 9

  • Define credit references
  • Identify steps to create a credit policy
  • Identify the relationship between accounts receivable and credit

Chapter 10

  • List inventory management considerations
  • Define inventory analysis
  • Identify carrying and ordering costs
  • Cite how to avoid stock-outs
  • Determine the most efficient reorder point
  • Cite the concepts of the ABC inventory control method

Chapter 11

  • Determine future values
  • Calculate intra-year compounding
  • Calculate the future value of an annuity
  • Calculate the present value
  • Cite present values of mixed streams of cash flows
  • Calculate the present value of an annuity
  • Define perpetuities
  • List applications of future values and present values

Chapter 12

  • Identify the types of capital budgeting decisions
  • Name basic capital budgeting techniques
  • Identify how to select the best mix of projects with a limited capital-spending budget
  • Cite how income tax factors affect investment decisions
  • List the various types of depreciation methods
  • Identify the effect of modified accelerated cost recovery system (MACRS) on capital budgeting decisions
  • Compute a firm’s cost of capital

Chapter 13

  • Calculate the rate of return on investments (ROI)
  • Identify the basic components of the Du Pont formula
  • Cite how to use the Du Pont formula for profit improvement
  • Cite important aspects regarding the relationship between ROI and return on equity (ROE)
  • Define the concepts of financial leverage and the stockholder’s return

Chapter 14

  • Identify ways to appraise manager performance
  • List the types of responsibility centers
  • Differentiate between the ROI and residual income (RI)

Chapter 15

  • Identify how to use trade credit
  • Calculate cash discounts
  • Identify how to obtain bank loans
  • Cite how to take out a commercial finance company loan
  • Identify inventory financing methods

Chapter 16

  • Cite important aspect when using intermediate-term bank loans
  • Identify uses for revolving credit
  • List insurance company term loans
  • Identify how to finance with equipment
  • Identify the benefits of leasing
  • Differentiate between lease purchasing options

Chapter 17

  • Cite elements the process of investment banking
  • Differentiate between publicly and privately placed securities
  • Identify how to go public and prepare an initial public offering (IPO)
  • Define venture capital financing
  • List examples of types of long-term debt
  • Differentiate between types of equity securities
  • Identify how to obtain financing online

Chapter 18

  • Cite important aspect in preparing an income statement and balance sheet
  • List the components of the income statement
  • Name the components of the balance sheet
  • Identify how to prepare a statement of cash flows

Chapter 19

  • Define the double entry system and the accounting equation
  • Identify ways to apply transaction analysis to simple business transaction in terms of the accounting model: Assets = Liabilities + Equity
  • Cite methods to prepare accounting records
  • Identify how to post accounts to the various ledgers
  • List the entries entered into the journal

Chapter 20

  • Identify reasons for financial statement analysis
  • Distinguish between horizontal and vertical analysis
  • Differentiate between industry comparison and trend analysis
  • Identify uses for financial ratios

Course Specifics

Course ID
1133300
Revision Date
February 13, 2018
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Delta CPE LLC Headshot
Delta CPE LLC

For many years, Delta CPE LLC has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.

Accounting and Finance Know-How for Managers

Expert Instructors
Format
CPE CREDITS
12 Credits: Accounting

$336.00$376.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Intermediate
Credits
CPE Credits
12 Credits: Accounting

Course Description

This course covers everything business people and managers need to know about accounting and finance. It is directed at the businessperson who needs financial and accounting know-how but who has not had formal training in these areas. The entrepreneur or sole proprietor also needs this knowledge; he or she may have brilliant product ideas, but not the slightest idea about financing. The goal of the course is to provide a working knowledge of the fundamentals of finance and accounting that can be applied in the real world, regardless of firm size. It gives nonfinancial managers the understanding they need to function effectively with their colleagues in finance.

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Identify the scope, role, and importance of finance
  • List and define the responsibilities of financial managers
  • Distinguish between accounting and finance
  • Identify the financial and operating environments

Chapter 2

  • Cite important concepts of cost data
  • List and describe the types of costs
  • Identify other cost concepts used for planning, control, and decision making
  • Define the concept of cost behavior
  • Identify how to segregate fixed cost and variable cost
  • Compute the factors in cost analysis

Chapter 3

  • Define contribution analysis
  • Identify how to price a special order
  • Cite how to determine a bid price
  • Identify how to determine profit from year to year
  • Cite how to utilize limited capacity

Chapter 4

  • Identify the relationships among costs, volume, and profit
  • Cite important concepts related to break-even sales
  • Define the concept of margin of safety
  • Determine the cash break-even point
  • Identify the importance of sales mix to profit making

Chapter 5

  • Identify relevant costs
  • Identify how to accept or reject a special order
  • Identify how to price standard products
  • Determine whether to sell or process further
  • Identify whether to add or drop a product line
  • List qualitative factors

Chapter 6

  • Cite the uses of sales forecasts
  • Identify how to prepare a financial forecast
  • Cite important tenants of the percent-of-sales method of financial forecasting
  • Diagram the basic structure of the budget
  • Identify a shortcut approach to formulating the budget
  • Identify ways that an electronic spreadsheet can be used to develop a budget
  • Identify computer-based models used for financial planning and budgeting

Chapter 7

  • Define standards
  • Identify useful aspects of variance analysis
  • Identify how to set standards
  • Calculate sales variances
  • Identify and list cost variances
  • Cite the use of flexible budgets in performance reports
  • Identify variances in warehousing costs

Chapter 8

  • Define working capital
  • Cite how to finance an asset
  • Identify how to manage cash properly and get money faster
  • Identify how to delay cash payments
  • Compute the opportunity cost of foregoing a cash discount

Chapter 9

  • Define credit references
  • Identify steps to create a credit policy
  • Identify the relationship between accounts receivable and credit

Chapter 10

  • List inventory management considerations
  • Define inventory analysis
  • Identify carrying and ordering costs
  • Cite how to avoid stock-outs
  • Determine the most efficient reorder point
  • Cite the concepts of the ABC inventory control method

Chapter 11

  • Determine future values
  • Calculate intra-year compounding
  • Calculate the future value of an annuity
  • Calculate the present value
  • Cite present values of mixed streams of cash flows
  • Calculate the present value of an annuity
  • Define perpetuities
  • List applications of future values and present values

Chapter 12

  • Identify the types of capital budgeting decisions
  • Name basic capital budgeting techniques
  • Identify how to select the best mix of projects with a limited capital-spending budget
  • Cite how income tax factors affect investment decisions
  • List the various types of depreciation methods
  • Identify the effect of modified accelerated cost recovery system (MACRS) on capital budgeting decisions
  • Compute a firm’s cost of capital

Chapter 13

  • Calculate the rate of return on investments (ROI)
  • Identify the basic components of the Du Pont formula
  • Cite how to use the Du Pont formula for profit improvement
  • Cite important aspects regarding the relationship between ROI and return on equity (ROE)
  • Define the concepts of financial leverage and the stockholder’s return

Chapter 14

  • Identify ways to appraise manager performance
  • List the types of responsibility centers
  • Differentiate between the ROI and residual income (RI)

Chapter 15

  • Identify how to use trade credit
  • Calculate cash discounts
  • Identify how to obtain bank loans
  • Cite how to take out a commercial finance company loan
  • Identify inventory financing methods

Chapter 16

  • Cite important aspect when using intermediate-term bank loans
  • Identify uses for revolving credit
  • List insurance company term loans
  • Identify how to finance with equipment
  • Identify the benefits of leasing
  • Differentiate between lease purchasing options

Chapter 17

  • Cite elements the process of investment banking
  • Differentiate between publicly and privately placed securities
  • Identify how to go public and prepare an initial public offering (IPO)
  • Define venture capital financing
  • List examples of types of long-term debt
  • Differentiate between types of equity securities
  • Identify how to obtain financing online

Chapter 18

  • Cite important aspect in preparing an income statement and balance sheet
  • List the components of the income statement
  • Name the components of the balance sheet
  • Identify how to prepare a statement of cash flows

Chapter 19

  • Define the double entry system and the accounting equation
  • Identify ways to apply transaction analysis to simple business transaction in terms of the accounting model: Assets = Liabilities + Equity
  • Cite methods to prepare accounting records
  • Identify how to post accounts to the various ledgers
  • List the entries entered into the journal

Chapter 20

  • Identify reasons for financial statement analysis
  • Distinguish between horizontal and vertical analysis
  • Differentiate between industry comparison and trend analysis
  • Identify uses for financial ratios

Course Specifics

Course ID
1133300
Revision Date
February 13, 2018
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Delta CPE LLC Headshot
Delta CPE LLC

For many years, Delta CPE LLC has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.

Accounting and Finance Know-How for Managers

Expert Instructors
Format
CPE CREDITS
12 Credits: Accounting

This course covers everything business people and managers need to know about accounting and finance. It is directed at the businessperson who needs financial and accounting know-how but who has not had formal training in these areas. The entrepreneur or sole proprietor also needs this knowledge; he or she may have brilliant product ideas, but not the slightest idea about financing. The goal of the course is to provide a working knowledge of the fundamentals of finance and accounting that can be applied in the real world, regardless of firm size. It gives nonfinancial managers the understanding they need to function effectively with their colleagues in finance.

$336.00$376.00

Clear