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one-day MBA in finance and accounting.


Chapter 1: identifying your accounting profile.

Testing your accounting metal.

Calling on your internal accountant.

Understanding the accounting  process.

It's an accounting world, after all.

Mastering the fundamental principles.


Chapter 7: building a better budget.

The budget: defining the concept.

Budgeting: what's my type:

What goals will it reflect?

Will Objectives be plainly visible?

Does budget identify tactics used?

Does budget outline procedures?

Setting the stage for budgeting.

Basic budget components.

Top-down budgeting.

A word about expenses.

Developing your budget.

Current, year to date, quarterly or annual.

Factor in the human equation:

Budget Optimistic?

Well Articulated?

Used throughout the year?

Is it actually used?

Budgets are guidelines.


Chapter 2:double entry accounting: a primer.

Origins and concept.

Assets, equities, and liabilities.

Debits and credits.


Chapter 8: From balance sheets to income statements.

Building a balance sheet.

How transactions affect the balance sheet.

A smattering of business sheets sample transactions.

Income statements.

Statement of owners equity.


Chapter 3: your accounting toolkit.

Understanding the general ledger.

 Chart of accounts.

Account Receivable.

Accounts Payable

Chapter 9: accounting for merchandising operations.

Keeping track of purchases.

Utilizing discounts.

Accounting for sales activity.

Showing sales discount.

Posting sales returns or allowances.

Financial reporting.


Chapter 4: From Transaction Flow to Cash Management Strategies.= A Fund Management Strategy.

Liquidity is critical=investment, opportunity, bills.

Banks may require compensating balances at the bank.

Floating systems set up by bank to optimize monies.

Playing the float.

Float = mail time, Process time, Availability delay~ out of state.

Defining cash management.

Banks can set up methods to pay only on that day, EDI systems.

Bank methods for this= Presentment reporting options, Balance Reporting, Sweep Accounts best profitability.

Bottom line= utilize every cent every opportunity.

Chapter 10: managing you're internal controls.

Your top concern: the carrying dishonesty.

Managing accounting control.

The cost of security.

Avenues to embezzlement.

When security is breached.

More preventive managers.


Chapter 5: Creating the Savvy Business Plan.

Core Competencies, types of competitive strategies, profitable and sustainable.

Strategy must include actions beyond the “beachhead”~ D-Day.

The key to its successful strategy:

Firms value proposition-to customers that is (needs and wants).

Cost leadership and or other Differentiation.

Choice will offer different results.

Strategy must be considered in Financial Goals.

Identifying your strategy:

Know your Business.

Know the Competition.

Know reasons behind the way your company does business.

Identify your Competitive Advantages.

Identify Corporate Goals.

Identify key steps toward those goals.

Know Mission Statement and Post it.

Units of Measure.

What Finance Goals can be tied to your Strategy.

What is your Time Line for Completion.

Low cost or Differentiation.

Critical Components in plan:

Units of major.

Purpose and objectives.

Perils and pitfalls.

Must actually implement.

Accuracy is everything.

More is not always better.

Showcase mgmt Accountability.

Keep objective and plan on TASK.

Writing your plan.

Executive Summary-Situation Analysis.


Market-Market Segmentation.

Customer Analysis

Competitive Analysis.

Product-Positioning Statement.

Advertising-Promotion-Public Relations.

Sales Strategy.

NEXT STEPS toward Development.

The Operations Side.

Key Staff.

Financial Statement.

Payback and Exit Scenario.

Chapter 11: Deferrals and Accruals.

Accounting for prepaid expenses.

Handling unearned revenues.

Managing accrued liabilities.

Mastering accrued assets.


Chapter 6: establishing an accounting system.

Flexability- Controls- Relevent data

Installing your accounting system.

Assigning staff.

Types of accounting.

Cost accounting.


Chapter 12: tracking inventory.

Creating an inventory control system.

What is the cash value?

How much value does mfg add?

How many phases are involved in mfg?

What is the ancillary value acquired?

Choosing your inventory system:



Counting the stuff.

date, person, item name and #, origin - destination.

Costing the stuff.

Accounting for the stuff.

Life in the perpetual inventory Lane.

The secret to the effective inventory management.



Chapter 13: the fiscal side of physical assets.

Costing your fixed assets.

Defining the appreciation.

Determining depreciation value.

Recording depreciation.

This guarding fixed assets.




Chapter 14: payroll and other liabilities.

Developing a payroll system.

What employees earn.

Deduction from payroll.

A sample pay sheet.

Employer payroll liabilities.

Components of your payroll accounting system.

The payroll register.

Records of employee earnings.

Payroll checks direct deposit vouchers.

Other employer liabilities.



Chapter 15: from proprietorship to partnership.

Basic business building blocks.

Flying solo.

Pursuing a partnership.

The nature of partnerships and partners.

Partnership advantages and disadvantages.

Investments in the partnership.

Sharing the wealth, or lack thereof.

Reporting the finances.

The solving the relationship.

Liquidating the partnership.



Chapter 16: understanding the Corporation.

Corporate nature and Cara sticks.

Filing for incorporation.

Recognizing stockholder equity.

No your shares.

Issuing shares.

Where the stocks, there also may be bonds.

The cost of incorporating.



Chapter 17: sources of business finance.

Types of loans.

Choosing the right lender.

Preparing for the loan request.

Final steps.

Into the venture capitalist.

Types of venture capitalist.

Finding the right angel.

Setting the stage.

Making the pitch.

The bottom line.



Chapter 18: the tax man come if.

Business income accounting.

For many limited liability partnership.

Other partnership structure obligations.

Other tax areas of interest.

Employment tax accounting.

The rest of your tax burden.



Chapter 19: protecting the bottom line.

Into the cash manager.

Cash manager qualifications.

Young cash forecasting.

Tracking the market.

Learning the language.



Chapter 20: understanding growth cycles.

Defining product life cycles.

Stage one: product introduction.

Stage 2: product growth.

Stage 3: product maturity.

Stage for: product decline.

Business life cycles.

Good growth/bad growth.

A sustainable growth strategy.

During the tide of growth.

Falling behind.



Chapter 21: forecasting the future.

Developing a pro forma statement.

Methods of forecasting.

Impacts on your projections.

Other types of forecast.

Your company's planning cycle.



Chapter 22: troubleshooting your financial system.

For steps.

Managing a cam ability.

Conducting the business audit.

Seven keys to greed of resolution.




1.  Putting your business plan into action.

2.  Probing for a security league.

3.  How much is enough to operate.

4.  Knowing which cost manage.

5.  Aging gracefully.

6.  Living large inventory wise.

7.  Planning by the numbers.

8.  A cash stream flows through it.

9.Growing broke.

10.  Brewing a good acquisition candidates.

Future value of one dollar.

Future value of entity.

Present value a dollar.

Present value of entity of a dollar.










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