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Validity : 12th Dec'24 to 22nd Dec'24
How Accounting Works
- Get acquainted with the Basic Accounting Equation
- Learn the purpose and relationships between the four financial statements
- The story of debits and credits and how to make them work for you
- Understand how your daily events translate into accounting transactions
- Learn how transactions get summarized into a trial balance
- See how the trial balance translates into a set of financial statements
Overview of the webinar
Every business must comply with basic accounting and reporting guidelines. The IRS requires it; your banker and creditors want to know what kind of credit risk you are; your investors want to know what kind of return they can expect from their investment; your customers want to know you have a viable business model.We will walk you through the basic accounting rules and teach you the ins and outs of recording daily events such as asset purchases, depreciation, loans, sales, inventory, cost of goods sold, operating expenses, etc. and how these events roll up into the four financial statements.
Who should attend?
- Business Managers
- Compliance Managers
- Compliance Officers
- Information Reporting Officers
- Bank Managers
- Risk Managers
- Human Resource Managers
Why should you attend?
Every business needs to know how it is doing financially. Every business manager needs to know how their daily activities are recorded in the accounting records and be able to understand management reports generated from the accounting system. The better the manager understands this information, the better equipped they are to make effective business decisions.
Faculty - Mr.Miles Hutchinson
Miles Hutchinson has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company. Miles is a highly sought-after professional speaker and consultant who has presented over 1000 seminars and training sessions on a myriad of business and financial topics, such as financial analysis and modeling, accounting matters, strategic planning, and compliance with the Sarbanes-Oxley Act. His clients include Abbott Labs, Citicorp, the FBI, GE, Pfizer and the US Marine Corps.
Credits
HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org
ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1.5] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.