This course is designed for individuals who would like to obtain a basic understanding of accounting for managers. We will discuss ways managers can leverage information received from the accounting department to improve their operations and what information they should ask for from the accounting department. We will discuss the differences in cost accounting versus financial accounting and provide a glossary of accounting terms.
Publication Date: February 2021
Designed For
CPAs, Accounting Managers, and any individuals that want to expand their knowledge in management accounting.
Topics Covered
- Types of Accounting
- Financial Statements
- Financial Statement Assertions
- The Fraud Triangle
- Accounting terms
- Internal Controls
- COSO Framework for Internal Control
- The Accounting Equation
- Contribution Margin Ratio
- Types of Inventory
- Types of Fixed Assets
- Depreciation
- Improvements vs Repairs & Maintenance
- New 1099”NEC
- New W”4
- Some Key Definitions
- Accounting for Managers
- Budgeting
Learning Objectives
- Identify basic accounting concepts
- Recognize and apply accounting concepts
- Identify how understanding accounting makes a better manager
- Describe accounting terms
- Differentiate between cost accounting vs financial accounting
- Recognize components of the COSO Framework for Internal Controls
- Describe the correct accounting equation
- Identify the five (5) core principles for revenue recognition
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Robert K Minniti
DBA, CPA, CFE, Cr.FA, CVA, MAFF, CFF, CGMA, PI
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona.
Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix. He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College.
He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, cyber security, privacy laws, data security, Sarbanes-Oxley compliance work and business consulting. In addition to his practice Dr. Minniti is an instructor teaching continuing professional education classes for a variety of providers and CPA Societies.
Dr. Minniti is currently serving as a board member on the National Association of Certified Valuators and Analysts' (NACVA) Litigation Forensics Board (LFB) and as a committee member on the Arizona State Board of Accountancy's Law Review Advisory Committee.