The Business Owner's Accounting Course
Accounting is the language of business and the better you understand it, the better business owner you will be. While you don't have to become a certified accountant in order to run a profitable business, you will be more adept at making wise decisions if you understand the financial underpinnings of your business.
That is why Universal Accounting Center designed the Business Owner's Accounting Course. When you take this course you will learn more about profit and loss, debits, credits, margin, and dozens of other key measurements of the financial health of your company. Even if you already have an accountant, the Business Owner's Accounting Course teaches you to read your financial statements. When you know how to interpret the data, you are then in a position to use that data real-time to improve your company's performance.
Get the Data You Need to Make Timely Decisions
You will learn that a knowledge of how to interpret key accounting indicators empowers you to find trends in your business before they become serious problems. A car might have gauges or "idiot lights." Most of us would rather have a fuel indicator than a flashing "out of gas" light that only came on when we actually empty. In much the same way, knowing the status of your cash flow gauges that business metric, and is much better than waiting for the bank to tell you when you have run out of cash.
When you understand the complete financial picture of your company, you are in a position to move up the wisdom pyramid from mere information to knowledge. You will know how to gauge the success of your company, but more importantly, learn to predict the success of future activities. When you have a clear understanding of what is working and what needs attention, you lay the foundation for corrective action. With timely measurement and analysis, with experience, you learn at an intuitive level what corrective measure will work and how well.
Specific Small-Business Financial Analysis
When you take an accounting course in college, their focus is on accounting processes for large corporations, the fortune 500's, which only account for 2% of businesses. They do not teach the practical application of those principles for small to mid-sized businesses. This course shares real-world knowledge you can put to work right away to benefit YOUR organization.
The Business Owner's Accounting Course is the same fundamental training that we teach our students in the Professional Bookkeeper Course. The focus of the Business Owner Edition is to understand the key metrics that your accountant provides; the emphasis is on teaching you the basics.
Accounting Made Easy
You will learn to interpret the general ledger and the journals and books of accounting that make it up. You will also learn nine principles to make your business profitable in Allen Bostrom's best-selling book In The Black.
You may not want to go into the kind of depth that a professional accountant would learn. If you are like most business owners, you simply do not have time for that. In 12 short hours, you will learn the foundational principles of accounting that will give you the ability to analyze your financial reports and make decisions in real-time. For many businesses, waiting for a quarterly financial report to make key business decisions is simply too late to head off negative trends. This course will help you proactively capitalize on what is working well.
QuickBooks Training
While you may not want to spend time keying in transactions, learning to run QuickBooks gives you the ability to create your own reports and answer key business questions such as how your cash flow is doing and checking inventory levels. With the foundational knowledge that Accounting Made Easy teaches you, you can interpret data in QuickBooks as a tool to make sound business decisions real-time. The Business Owner's Guide to Accounting program includes QuickBooks training so that you can get at your business data fast.
Many business decisions simply can't wait for your accountant or bookkeeper to come in. General Patton was quoted as saying that it is often better to make a good decision now than a perfect one when it is too late.
*QuickBooks software not included with Business Owner's Accounting Course
What Is Included In the Business Owner's Accounting Course?
This course teaches business owners the Accounting basics they need to know to increase their company profits. It includes the Accounting Made Easy module on DVD, the Business Assessment, 1 Hour of Business Consuting, Comprehensive QuickBooks training, and a signed copy of In the Black.
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