Managers are held accountable for the bottom line of their operations and must be able to measure their contributions and justify their requests. Accounting is the universal language of business, and as a key decision maker in your organization your success hinges on your ability to speak the "numbers" confidently.
Loyola's programs in managerial accounting and financial accounting explain broad financial principles and their practical applications, to improve your skills in reading and analyzing financial statements, explaining concepts essential to setting financial targets, assessing financial performance, and evaluating strategies.
Custom programs may be assembled choosing from half day to full day sessions of the two topics listed below. Existing sessions may be expanded depending on requirements. Programmatic choices include:
Financial Accounting encompasses the way companies account for economic events under generally accepted accounting principles (GAAP). Financial Reporting is the accumulation and packaging of these results into a framework that is ideal for both internal and external reporting review and analysis. After completing this session, you will understand:
- How to interpret and use financial information to make business decisions
- The usefulness, limitations, and structure of financial statements
- Interrelationships between the financial reports
- How management accounting choice influences the results of operations
Managerial Accounting deals with information used by managers and the workforce within the firm to make effective decisions. This session explores budgeting practices, typical internal accounting reports and cost behaviors, activity-based costing and the time value of money topics. We explore current practices with each. The budgeting process will be used to glue together the session's topics. After completing this session you will understand:
- Budgeting and the Budget Process
- The time-value of money
- Activity-based Costing works
- How to link strategic business needs to accounting practices
- How to better participate in planning and decision-making
- How to apply accounting tools to meet your needs
Fees are based on the level of customization, development and delivery time, and vary by project.
Programs can be conducted at Loyola's Executive Education training center in downtown Chicago, at one of our suburban campuses across Chicagoland, or onsite at your organization.
For more information about our organizational programs, custom programs and organizational retreats, please contact us at: 312.915.6781 or e-mail: firstname.lastname@example.org.