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Business Acumen for Training Managers: Making the Numbers Work for You
Learning Solutions Conference & Expo 2012 - March 21, 2012
Operations Manager, Producer, and Color Accounting Trainer
Accounting Comes Alive
Without being explicitly told, learning professionals today are required to be business partners to the C-suite. While focusing on the development impact of their programs, they must also be able to quote hard numbers to justify training and to support the cause for expanding the training budget. You can get lost in this conversation if you aren't fluent in the language of finance.
In this session, participants will build a graphical representation of the accounting model, and, in the process, learn the language of accounting and finance. There are only five boxes – you’ll explore the common mistakes, including calling an asset an expense, and, as an added bonus, you'll learn how to calculate the return-on-training investments, which will give you a leg up in your next training expenditure.
In this session, you will learn:
- There are only five boxes!
- How to build a balance sheet and an income statement
- The most common financial foul-ups
- What questions to ask accountants or your number people
Audience: The less knowledge the better, but bring your misconceptions and misunderstandings around accounting.
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