Dollars and Sense, Financial Fundamentals
Learning Outcomes:
•Define key accounting terms
•Identify financial tools - deposit book, sales invoices, payment devices, online storage, log book,and online payroll calculator
•Describe the role of the auditor and audit proofing
•Identify the key elements of the financial organization - controlling, protecting, organizing paper flow, and storage
•List the components of basic bookkeeping - debits, credits, journal entries, and different options for accounting systems
•Read, prepare and improve basic financial statements – income statement, trial balance, and balance sheet
•Complete government reporting – requirements and process of completing
•Explain various tax issues and the process of filing taxes
•Compare and contrast computerization options - Sage 50, QuickBooks, and mobile applications
•Calculate pricing of products and services
•Create a budget A-Z - personal requirements, budget for business, and excel spreadsheet introduction (prepared manually)
•Complete a cash flow projection
•Analyze financial data – liquidity, solvency, turnovers and comparison to industry standards
•Review all concepts of accounting activity
Standard Topics:
•Bookkeeping fundamentals
•Financial statements
•Budgets and cash flow projections
•Government reporting requirements
•Tax compliance
•Pricing products
•Basic financial Analysis
Comments
I am thankful for CBDC NOBL’s contribution toward this because for me this project was a huge cost and there is no way our business could have afforded to have it done alone. The consultant work we had done helped reinforce the positive attributes of our company, which helps to keep us motivated. It also outlined several small goals for us to work on to achieve our ultimate goal which is to create greater visibility of our farm outlet and draw more customers to us.
Lorenda Ebbett
Ebbett’s Meadow Brook Farm Market
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