Welcome to the Understanding Budgets and Financial Reports workshop. Everyday businesses deal with budgets and financial reports in some form or fashion. At minimum, business managers review budget numbers and run financial reports for decision-making and reporting to shareholders and Federal regulators once a month. Many companies devote the last few months of the calendar year to creating budgets for the next calendar year. In addition, organizations create and disseminate year-end financial reports to investors.
The goal of this workshop is to give the participant a basic understanding of budgets and financial reports so they can hold relevant discussions and render decisions based on financial data. This course will define key terms like ROI, EBIT, GAAP, and extrapolation. Furthermore, this one-day course will discuss commonly used financial terms, financial statements, budgets, forecasting, purchasing decisions, and laws that regulate the handling of financial information. Before we begin, let us get to know more about each other.
For many people,
finances are an unsolvable Rubik's cube filled with anxiety. There are millions of Americans who live with
the shackles of debt each day. We don’t
teach children when they are young the value of a good credit score. Many people have a hard time formatting and
sticking to a budget. You can easily
solve the finance puzzle with a little hard work, self-control, and the right
tools. Today is a new day; you are
taking the first steps to reclaiming your financial freedom.