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FINANCE & ACCOUNTING 101 SIMPLIFIED THREE SEPERATE PARTS: 

A composite presentation of three webinars. Designed to provide a foundation for non-financial professionals and a refresher for financial professionals. 90 minutes including Q&A

• Making of Financial Statements Simplified Part 1:

  • Learn the complete accounting system using six generic transactions

  • Understand how financial transactions into accounts using debits & credits

  • Understand how accounts are transformed into statements

• Understanding Financial Statements Simplified Part 2

  • Three essential statements are examined​

    • Balance Sheet

    • Income 

    • Cash Flow

  • These are the language of business & provide results​

• Understanding Financial Ratios Simplified Part 3

  • Five catergoeies of ratios are presented​

  • These are the reasons for the results

  • Ratios are the essential road to profits & productivity

Key Takeaways:​

• Simplified understanding of the entire accounting system

• Understanding essential financial statements

• Positive points from statements & terminology

• Red flags from statements

• Ratios,terminology,concepts & principles

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​UNDERSTANDING & ANALYZING FINANCIAL STATEMENTS WITH RELEVANT RATIOS SIMPLIFIED: (Separate Webinar)

Understanding & Analyzing three required financial statements & five basic catergoties of financial ratios to improve profits & productivity

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Key Takeaways:

• Unstanding of basic financial statements

• Five key ratio catergories

• Key ratios, terminology, concepts & principles

• Business & common sense in analyzing financial statements & ratios

• Making cash the center of all business decisions

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PAYROLL RULES AND ADMINISTRATION SIMPLIFIED INCLUDING NEW DOL OVERTIME RULES 

Tools & techniques methods & models to understand payroll rules & administration under FLSA.   

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Key Takeaways:

• Proper payroll path for all workers

• Proper classification & payment of

  • Contractors,

  • Exempt &

  • Non-Exempt employees

• Payment of:​

  • Contractors/Gig workers​

  • Exempt workers

  • Non-Exempt workers

• Calculation of overtime based on total compensation​

• Do's & Dont's on payments of both exempt & non exempts

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PAYROLL OF THE FUTURE-NEW TOOLS,TECHNOLOGIES,METHODS, MODELS & WORK FROM HOME/ANYWHERE ISSUES & CONCERNS

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KEY TAKEAWAYS:

• New Dept of Labor approved classifications, guidelines & rules of overtimre payments

• Six steps implementation plan for the new DOL rules & guidelines for exempt

• Six step implementation plan for non-exempts

• Payment of overtime to non-exempts

• New payroll future trends and technologies

• Work from Anywhere/Home trens on payroll & wagws issues & concerns

• Impact & concerns of inflation on payroll & wages

• Post COVID-19 concerns & challenges

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CONTROLLER & THE FUTURE OF FINANCE & ACCOUNTING:

New role for the Controller in a turbulent business transactions-based technology-orientrd environmentclimate. Focuses on Controller as strategic partner participating in all business activities.

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Key Takeaways:

• Controller’s new role as strategic partner

• Running the company by the numbers vs running the company with the numbers

• Conversion of all activities to transaction-based in a technology centered environment

• Includes cares & concerns in a post COVID-19 environment.

• Coping with inflation in today’s turbulent business environment

• New forecasting & budgeting techniques

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THE FUTURE OF FINANCE IN A TRANSACTION BASED TECHNOLOGY DRIVEN ENVIRONMENT:

This webinar essentially re-imagines business processes,procedures, controls in a transaction-based technology-based business environment

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KEY TAKEAWAYS:

• Convert processes to transaction based with greater flexibility

• Maximize use of technology i all facets of finance & accounting

• Re-imagine organization,processes, procedures & controls to maximize technology

• Allow realtime visibility, approval and reporting of all activities

• Pursue a paperless operating environment with seamless intrgration of all processes

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FUTURE OF FORECASTING & BUDGETING WITH ROLLING FORECASTS:

Tools & techniques to transition from traditional data-based budgeting to new rolloin forecasts based on forward projections of Key Business Drivers

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Key Takeaways:

• Essential forecasting & budgeting techniques

• Using Key Business Drivers as leading indicators to forecast essential items

• Rolling forecasts meaning & concepts

• Six step excel based platform to convert to rolling forecasts

• Two step excel based platform to migrate forecasts to budget system

• Excel examples provided for both conversion & migration

• Comparison of budget to actual as validation of rolling forecasts

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FUTURE OF INTERNAL CONTROLS IN A TRANSACTION BASED PAPERLESS ENVIRONMENT:

Internal controls must be established and maintained in a paperless transaction-based technology environment. It is more challenging to establish internal controls in a paperless environment. This webinar examines how internal controls can be best be done in a paperless encironment

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Key Takeaways:

• Internal control institutional framework, founfation-principles, best practices

• Interactions & organizational awareness of internal controls in a paperless environment

• Technology as an enabler to transaction-based processed and inhibitor to fraud & misuse accelerated under "work from anywhere/home" environment

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