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Introduction to Financial Management - Sioux Falls
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This course will focus on establishing a base of key accounting practices, financial terminology and a better understanding of what a company’s financials truly mean.

 Export to Your Calendar 3/10/2020
When: March 10, 2020
9 AM - 4 PM
Where: Holiday Inn Express & Suites Sioux Falls Southwest
3821 West Avera Drive
Sioux Falls, South Dakota  57108
United States
Contact: Connie Johnson
763-595-4045


Online registration is available until: 3/3/2020
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If online registration is closed, please contact the NLA office at 763.595.4045 to check on seating availability.

This course will focus on establishing a base of key accounting, bookkeeping, and financial terminology and practices to provide a better understanding of what a company’s financials truly mean. Key financial ratios and industry-specific examples will assist attendees in breaking down a company’s financial data to show how finances work and flow within a lumber business.

 

This program’s agenda includes:

  •  Review of key financial terms

  •   Accounting basics, including:

  • Cash Accounting vs. Accrual Accounting

  • Debits vs. Credits

  • Assets vs. Liabilities

  • Income vs. Expenses

  • Accounts Receivables & Accounts Payable

  • Understanding financial statements

  • Review of common financial ratios used in the business

  • Key metrics such as:

  • Inventory turns

  • A/R days

  • Benchmarking

  • Industry trends

 

 

 

Class Registration Fee:

Includes: class workbook and lunch.

 

Member

$250 per person

 

$225 per person for Three or more attendees 

 

$210 per person for LumberTech Certificate/ Diploma Enrollee 

 

Regular/Non-Member

$375 per person

 

Hotel Rooms

To book a hotel room, call 605-275-4155  and ask for the Northwestern Lumber Association block rate of $110 + taxes.  The room block expires on February 20th.