Budgets and Financial Reports Workshop

Course Duration 1 Day 

Money matters can be intimidating for even the smartest people. However, having a solid
understanding of basic financial terms and methods is crucial to your career. When terms like ROI, EBIT, GAAP, and extrapolation join the conversation, you’ll want to know what people are talking about, and you’ll want to be able to participate in the discussion.

The Budgets and Financial Reports workshop will give you a solid foundation in finance. We’ll cover topics like commonly used terms, financial statements, budgets, forecasting, purchasing decisions, and financial legislation.

Course Objectives

At the end of the course participants will be able to :

  • Identify financial terminology
  • Understand financial statements
  • Identify how to analyze financial statements.
  • Understand budgets
  • How to make budgeting easy
  • Understand advanced forecasting techniques
  • Understand how to manage the budget
  • Identify how to make smart purchasing decisions
  • Identify the legal aspects of finances

Course Outline


What is Finance?

Commonly Used Terms

Key Players

Important Financial Organizations

Understanding GAAP

Understanding Financial Statements

Balance Sheets

Income Statements (AKA Profit & Loss Statements)

Statement of Retained Earnings

Statement of Cash Flows

Annual Reports

Analysing Financial Statements (I)

Income Ratios

Profitability Ratios

Liquidity Ratios

Working Capital Ratios

Bankruptcy Ratios

Analysing Financial Statements (II)

Long-Term Analysis Ratios

Coverage Ratios

Leverage Ratios

Calculating Return on Investment (ROI)

Understanding Budgets

Common Types of Budgets

What Information do I Need?

Who Should Be Involved?

What Should a Budget Look Like?

Budgeting Made Easy

Factoring in Historical Data

Gathering Related Information

Adjusting for Special Circumstances

Putting It All Together

Computer Based Methods

Advanced Forecasting Techniques

Using the Average

Regression Analysis


Formal Financial Models

Managing the Budget

How to Tell If You’re on Track

Should Your Budget be Updated

Keeping a Diary of Lessons Learned

When to Panic

Making Smart Purchasing Decisions

10 Questions You Must Ask

Determining the Payback Period

Deciding Whether to Lease or Buy

Thinking Outside the Box

A Glimpse into the Legal World

A Brief History

The Sarbanes-Oxley Act

CEO/CFO Certification

8th Company Law Directive

Download this outline as a PDF.

Budgets and Financial Reports – Full Day