Wednesday, April 10, 2019

Making of Financial Statements: Transforming Transactions to Financial Statements

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Making of Financial Statements: Transforming Transactions to Financial Statements
April
 
24
1 pm - 2:30 pm ET
Presenter: Carl Young, owner of Carl Young Consulting
Credits: CPE (Credit Details)
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Course Description
 
In this practical webinar, you will learn how business financial transactions are transformed into required financial statements, including balance sheets, income statements and cash flow statements. Upon course completion, you will be able to:
  • Outline the framework of finance and accounting to describe concepts and principles used to transform financial transactions into financial statements
  • Identify components of each financial statement using sample statements
  • Recognize generic transactions in every company
  • Compare business to personal financial statements
  • Differentiate between
    • Finance vs. Accounting
    • Cash vs. accrual accounting
  • Illustrate debit and credit application in transforming transactions to statements
  • Describe how transactions are recorded using debits and credits with actual attendee exercises and sample transactions
  • Define double entry accounting and determine why it is key to the process of accounting accuracy
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The Presenter
About The Presenter
 
Carl Young is the owner of Carl Young Consulting, and is an author, speaker, trainer, consultant, and coach. He is a former CFO of a $275M, high growth technology-based company, former Senior Financial Associate of a major consulting firm, and former CEO of his own small parts manufacturing company. He has over 25 years of senior level business management, finance, and accounting experience. Mr. Young holds an MBA and has completed graduate studies in Accounting and Taxation.
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