How Accounting Works

Miles Hutchinson

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Every business must comply with basic accounting and reporting guidelines.  The IRS requires it; your banker and creditors want to know what kind of credit risk you are; your investors want to know what kind of return they can expect from their investment; your customers want to know you have a viable business model. 

Course Description:

We will walk you through the basic accounting rules and teach you the ins and outs of recording daily events such as asset purchases, depreciation, loans, sales, inventory, cost of goods sold, operating expenses, etc. and how these events roll up into the four financial statements.

Why Should you:

Every business needs to know how it is doing financially.  Every business manager needs to know how their daily activities are recorded in the accounting records and be able to understand management reports generated from the accounting system.  The better the manager understands this information, the better equipped they are to make effective business decisions.

Areas Covered in the Webinar: 

  • Get acquainted with the Basic Accounting Equation
  • Learn the purpose and relationships between the four financial statements
  • The story of debits and credits and how to make them work for you
  • Understand how your daily events translate into accounting transactions
  • Learn how transactions get summarized into a trial balance
  • See how the trial balance translates into a set of financial statements

Who Will Benefit:

  • Business Managers
  • Compliance Managers
  • Compliance Officers
  • Information Reporting Officers
  • Bank Managers
  • Risk Managers
  • Human Resource Managers

Webinar Events
Live -Coming soon!

Training CD-DVD

Physical CD-DVD of recorded session will be despatched after 72 hrs on completion of payment

Recorded video

Recorded video session

Speaker: Miles Hutchinson, President, Sales Tax Advisors Inc

Miles Hutchinson is a CGMA and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the chief financial officer of a $1 billion real estate development company. Mr. Hutchinson is a professional speaker and consultant who has presented over 2,000 seminars and training sessions on myriad business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act. He is recognized as an expert in payroll, and sales and use tax as well as financial modeling and analysis, business strategy and communications.

He is the author of several useful accounting and tax tools. His clients include Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army.

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