Bookkeepers and entry-level accountants seeking
to enhance their understanding of applied accounting methods and analysis for business management.
Also effective as a language-immersion workshop for ESL participants (English as Second Language)
Converting raw material to finished product.
Selling finished product.
Other: marketing, asset investments.
Review of financial statments.
Individual entrollees are assigned to teams as requested.
Number of team "companies": maximum of 4.
Participants per team: maximum of 3.
Topics introduced for discussion
-- Usage of T-Accounts for accounting records.
-- Credit line; asset-based borrowing.
-- Costs: fixed vs. variable; expensed vs. inventoried.
-- Marginal cost vs. marginal revenue.
-- Inventory per-unit cost components.
-- FIFO accounting; inventory turnover.
-- Debt and Equity measures.
-- Usage of annual budget.
-- Variance analysis vs. budget.
-- Leverage impact of marketing costs.
Workshop: "General Business / Manufacturing" (SimGBM)
Posting her team's market share.
Tracking inventory units.
Presenting a team's financial results.