In this practical webinar, you will learn how business financial transactions are transformed into required financial statements, including balance sheets, income statements and cash flow statements.
Upon course completion, you will be able to:
- Outline the framework of finance and accounting to describe concepts and principles used to transform financial transactions into financial statements
- Identify components of each financial statement using sample statements
- Recognize generic transactions in every company
- Compare business to personal financial statements
- Differentiate between
- Finance vs. Accounting
- Cash vs. accrual accounting
- Illustrate debit and credit application in transforming transactions to statements
- Describe how transactions are recorded using debits and credits with actual attendee exercises and sample transactions
- Define double entry accounting and determine why it is key to the process of accounting accuracy
Advanced Preparation: None
Program Level: Intermediate
Field of Study: Accounting – Technical
Carl Young Consulting
Carl Young is the owner of Carl Young Consulting, and is an author, speaker, trainer, consultant, and coach. He is a former CFO of a $275M, high growth technology-based company, former Senior Financial Associate of a major consulting firm, and former CEO of his own small parts manufacturing company. He has over 25 years of senior level business management, finance, and accounting experience. Mr. Young holds an MBA and has completed graduate studies in Accounting and Taxation.
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CPE Credit - Maximum Credit Hours: Please see above. You must attend at least 50 minutes to obtain credit. Fields of Study: Please see above. Teaching Method: Lecture. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state’s regulatory board.
Clear Law Institute has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.
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Can I still receive Continuing Education Credits if I view the webinar recording instead of the live presentation?
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