|Author :||Jae K. Shim, Ph.D., CPA|
|CPE Credits :||14.5|
|IRS Credits :||0|
|Passing Score :||70%|
|Primary Subject-Field Of Study:||
Accounting - Accounting for Course Id 1169
This course covers what everything business people and managers need to know about accounting and finance. It is directed toward the businessperson who must have financial and accounting knowledge but has not had formal training in finance or accounting-perhaps a newly promoted middle manager or a marketing manager of a small company who must know some basic finance concepts. The entrepreneur or sole proprietor also needs this knowledge; he or she may have brilliant product ideas, but not the slightest idea about financing. The goal of the course is to provide a working knowledge of the fundamentals of finance and accounting that can be applied, regardless of the firm size, in the real world. It gives managers the understanding they need to function effectively with their colleagues in finance.
|Usage Rank :||0|
|Prerequisites :||Basic Math and Accounting|
|Experience Level :||Overview|
|Additional Contents :||Complete, no additional material needed|
|Additional Links :|
|Advance Preparation :||None.|
|Delivery Method :||Self-Study.|
|Intended Participants :||Anyone needing Continuing Professional Education (CPE).|
|Revision Date :||04-Jan-2017|
|NASBA Course Declaration :||Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.|
|Approved Audience :||
NASBA QAS - NASBA Registry - 1169
|Keywords :||Accounting, Accounting, Finance, Business, Analysis, 2016, cpe, cpa, online course|
|Learning Objectives :||
Recognize the responsibilities of financial managers.
Distinguish between different business entities.
Define different types of costs and their allocation.
Identify the concept of contribution margin.
Recognize the contribution margin ratio.
Identify the computation used for break-even sales.
Identify key financial ratio concepts.
Recognize components for making financial decisions.
Identify costs used in future business directions.
Recognize how sales forecasts and budgets affect other operational budgets.
Recognize when variance analysis should be applied.
Identify cost variances.
Recognize methods to finance an asset.
Identify ways to improve cash management.
Recognize ways to accelerate cash receipts or delay cash payments.
Identify and analyze accounts receivable values.
Identify ways to optimize the economic order quantity.
Recognize the concept of time value of money.
Identify capital rationing decisions.
Recognize the various types of depreciation methods.
Compute the ROI on an investment.
Identify the basic components of the Du Pont formula used to improve profit.
Recognize the value of transfer pricing.
Recognize the value and process of issuing commercial paper and other financing activities.
Recognize the advantages of revolving credit.
Recognize issues for venture capital financing.
Recognize examples of types of long-term debt and their usefulness.
Identify examples of equity securities.
Identify the major components of the balance sheet.
Recognize how to apply transaction analysis to simple business transaction in terms of the accounting model: Assets = Liabilities + Equity.
Identify the entries entered into the journal.
Recognize how certain transactions affect the balance sheet.
|Course Contents :||
Chapter 1: Essentials of Accounting and Finance
The Managers Concern with Finance
The Importance of Finance
Financial and Operating Environment
Chapter 1 Review Questions
Chapter 2: Types of cost data and cost analysis
The Importance of Cost Data
Types of Costs
How Do Your Costs Behave?
Segregating Fixed Cost and Variable Cost
What You Can Learn from the latest practices
Chapter 2 Review Questions
Chapter 3: Contribution Analysis
Should You Accept a Special Order?
How Do You Determine a Bid Price?
Determining Profit from Year to Year
Are You Utilizing Capacity?
Chapter 3 Review Questions
Chapter 4: Break-Even and Cost-Volume-Profit Analysis
What is Cost-Volume Profit Analysis?
What and Why of Break-Even Sales
What is Margin of Safety?
Cash Break-Even Point
What is Operating Leverage?
Sales Mix Analysis
Chapter 4 Review Questions
Chapter 5: Relevant Cost and Making Short-Term Decisions
What Costs Are Relevant to You?
Accepting or Rejecting a Special Order
Pricing Standard Products
Determining Whether to Sell or Process Further
Adding or Dropping a Product Line
Utilizing Scarce Resources
Dont Forget the Qualitative Factors
Chapter 5 Review Questions
Chapter 6: Forecasting Cash Needs and Budgeting
Preparing Financial Forecasts
The Sales Budget
The Production Budget
The Direct Material Budget
The Direct Labor Budget
The Factory Overhead Budget
The Ending Inventory
The Selling and Administrative Expense Budget
The Cash Budget
The Budgeted Income Statement
The Budgeted Balance Sheet
A Shortcut Approach to Formulating the Budget
Chapter 6 Review Questions
Chapter 7: Cost Control and Variance Analysis
Defining a Standard
The Usefulness of Variance Analysis
Determining and Evaluating Sales Variances
The Use of Flexible Budgets in Performance Reports
Standards and Variances in Marketing
Variances in Warehousing Costs
Chapter 7 Review Questions
Chapter 8: Managing Financial Assets
Managing Cash Properly
Getting Money Faster
Delaying Cash Payments
Opportunity Cost of Foregoing a Cash Discount
Chapter 8 Review Questions
Chapter 9: Managing Accounts Receivable and Credit
Analyzing Accounts Receivable
Chapter 9 Review Questions
Chapter 10: Managing Inventory
Inventory Management Considerations
Determining the Carrying and Ordering Costs
The Economic Order Quantity (EOQ)
Determining the Reorder Point or Economic Order Point (EOP)
The ABC Inventory Control Method
Chapter 10 Review Questions
Chapter 11: The Time Value of Money
Future Values How Money Grows
Future Value of an Annuity
Present Value How Much Money is Worth Now?
Present Value of Mixed Streams of Cash Flows
Present Value of an Annuity
Applications of Future Values and Present Values
Chapter 11 Review Questions
Chapter 12: Capital Budgeting Decisions
Types of Investment Projects
What Are the Features of Investment Projects?
Selecting the Best Mix of Projects With a Limited Budget
Income Taxes and Investment Decisions
Types of Depreciation Methods
How Does MACRS Affect Investment Decisions?
The Cost of Capital
Chapter 12 Review Questions
Chapter 13: Improving Managerial Performance
What is Return on Investment (ROI)?
What Does ROI Consist Of? - Du Pont Formula
ROI And Profit Objective
ROI And Profit Planning
ROI And Return on Equity (ROE)
Chapter 13 Review Questions
Chapter 14: Evaluating and Improving Your Department's Performance
Appraising Manager Performance
Chapter 14 Review Questions
Chapter 15: Sources of Short-Term Financing
When Are Bank Loans Advisable?
Working with a Bank
Issuing Commercial Paper
Using Receivables for Financing
Using Inventories for Financing
Chapter 15 Review Questions
Chapter 16: Considering Term Loans and Leasing
Intermediate-Term Bank Loans
Using Revolving Credit
Insurance Company Term Loans
Financing with Equipment
Chapter 16 Review Questions
Chapter 17: Long-Term Debt and Equity Financing
Publicly and Privately Placed Securities
Going Public Initial Public Offerings (IPO)
Venture Capital Financing
Types of Long-Term Debt
How Should You Finance?
Chapter 17 Review Questions
Chapter 18: Interpreting Financial Statements
The Income Statement and Balance Sheet
The Statement of Cash Flows
Chapter 18 Review Questions
Chapter 19: Accounting Conventions and Recording Financial Data
Double Entry and The Accounting Equation
Chapter 19 Review Questions
Chapter 20: Assessing Financial Health and Fitness
What and Why of the Financial Statement Analysis
Horizontal and Vertical Analysis
Working with Financial Ratios
An Overall Evaluation Summary of Financial Ratios
Chapter 20 Review Questions