TRU4 Courses and Workshops

Revalidation for 2021 - Course Combo

Budgets And Financial Reports

Money matters can be intimidating for even the smartest people. However, having a solid understanding of basic financial terms and methods is crucial to your career. When terms like ROI, EBIT, GAAP, and extrapolation join the conversation, you’ll want to know what people are talking about, and you’ll want to be able to participate in the discussion.

Online Course / Classroom Training



The Budgets and Financial Reports workshop will give you a solid foundation in finance. We’ll cover topics like commonly used terms, financial statements, budgets, forecasting, purchasing decisions, and financial legislation.

Budgets And Financial Reports > Course Outline:

Housekeeping Items
The Parking Lot
Workshop Objectives

What Is Finance
Commonly Used Terms
Key Players (People, Jobs)
Important Finance Organizations
Understanding GAAP

Balance Sheets
Income Statements (AKA Profit And Loss Statements)
Statement of Retained Earnings
Statement of Cash Flows
Annual Reports

Income Ratios
Profitability Ratios
Liquidity Ratios
Working Capital Ratios
Bankruptcy Ratios

Long Term Analysis Ratios
Coverage Ratios
Leverage Ratios
Calculating Return on Investment (ROI)

Common Types of Budgets
What Information Do I Need?
Who Should Be Involved?
What Should A Budget Look Like?

Factoring In Historical Data
Gathering Related Information
Adjusting For Special Circumstances
Putting It All Together
Computer Based Methods

Using the Average
Regression Analysis
Formal Financial Models

How To Tell If You’re On the Right Track
Should Your Budget Be Updated
Keeping a Diary of Lessons Learned
When to Panic

10 Questions You Must Ask
Determining the Payback Period
Deciding Whether to Lease or Buy
Thinking outside the Box

A Brief History
The Sarbanes Oxley Act
CEO/CFO Certification
Thinking outside the Box

Words from the Wise
Review of Parking Lot
Lessons Learned
Completion of Action Plans and Evaluations


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Disclaimer: * Prices quoted are PER PERSON ** Lecture/On-Site Courses may be cancelled or rescheduled if minimum course numbers are not met. *** All prices are subject to change without notice. Whilst every effort is made to provide you with the most accurate, up-to-date information, occasionally an item may be incorrectly priced or a price may require updating due to circumstances outside of our control or if changes or improvements are implemented.