Build a good foundation of the accounting process, financial statements, and other finance basics.
Understanding the accounting process and being able to read financial statements are crucial to effectively managing a company. Without a good grasp of a business’s financial health, business leaders are ill-equipped to anticipate and assess the challenges opportunities they face. By learning how to correctly comprehend financial information, business leaders will not only be able to effectively plan for the future but also understand the effects of past events. This material will help give individuals a good foundation of the accounting process, financial statements, and other finance basics that will prepare them to make better decisions and effectively run their business.
Learning Objectives
- You will be able to define the major components of each of the four types of financial statements.
- You will be able to identify the elements of a financial report, including the four financial statements, the notes to the financial statements, and an independent report to the financial statements.
- You will be able to discuss the difference between the accounting methods and common accounting frameworks.
- You will be able to explain the accounting cycle and how to prepare basic accounting entries.
Credit
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Introduction to the Accounting Process | |
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How to Read Financial Statements | |
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Other Elements of Financial Reports | |
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Types of Accounting Methods | |
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Looking to the Future – How to Develop the Skills Learned Today | |
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Credit
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
Live Webinar Registration
- AIPB 1.0
- This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
CPE 1.2 including Accounting 1.2
- Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 1.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
Who should attend?
This live webinar is designed for business owners and managers, supervisors, associates, analysts, controllers, bookkeepers, and accountants.
Credit
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty

Mary Davis, CPA
BGBC Partners, LLP
- Senior accountant at BGBC Partners, LLP with a total of five years of assurance experience
- Specializes in preparing audited financial statements, reports, disclosures, and additional supplemental financial information for companies subject to the reporting requirements of the U.S. Department of Housing and Urban Development, employee benefit plans, and not-for-profit organizations
- Completed numerous compilations and reviews of financial statements for manufacturing entities, real estate entities, and companies subject to the reporting requirements of the U.S. Department of Housing and Urban Development
- Active member of the American Institute of Certified Public Accountants and the Indiana CPA Society
- B.S. degree in accountancy, Concordia University
- Can be contacted at [email protected]
Credit
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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