Learning to keep track of the numbers for your business is an invaluable skill.  Would you believe that many business operate at a loss without even knowing due to poor accounting practices.  This and mismanagement are two of the largest reasons why most small businesses go under.  

In this class we will teach you how to set up an accounting system for your business, track bills, create invoices.  This will help you identify issues you may encounter with financing your business.  Upon successful completion of this course, students will understand cash and accrual accounting, basic recordkeeping, ledger and journal entries and financial statement preparation.

COURSE OUTLINE
Getting the 'Right ' Numbers
Qualitative vs. Quantitative Decision-Making
Standards
Effective and Efficient Decisions
Constraints
 

Review of the Financial Statements
The Balance Sheet and Income Statement
Statements of Cash Flow
What the Financial Statements Do Not Tell You

Making Money
Maximizing Profit or Minimizing Cost
Thinking in Units
Defining Cost

Identifying Costs and Their Behaviors
Fixed, Variable, and Mixed Costs
Relevant Range
Cost Per Unit

Cost Categories on the Income Statement
Discerning Variable Costs
Discerning Mixed Costs

Controlling Costs
Contribution Margin on the Income Statement
Activity-Based Costing
Non-Value-Added Activity

Am I Breaking Even?
The Cost-Volume-Profit Graph
The Contribution Margin Approach to Break-Even
Calculating 'What If' Profit
Margin of Safety

Operating Leverage
Defining Operating Leverage
Operating Leverage and the Bottom Line

Influences on Pricing
Pricing in Line with the Competition
Trade-Offs Between Price and Demand
Elasticity of Demand Illustrated
Market and Cost Influences on Pricing
Qualitative Factors in Relation to Price

Making the Numbers Work for You
Responsible Decision-Making
Quality Mangement