Courses
  • Date(s)

  • Offered
    • Face-to-face
    • Online
    • On-site

Overview

Follow the money — understanding cooperative finance, financial statements and practices is essential for connecting the dots between your department’s decisions and activities and the organization’s financial position. This is an opportunity for you, as a non-accountant, to ask questions and gain insight into what the numbers mean, how they relate to each other and how you impact them. Hands-on activities and scenarios will explore and clarify cooperative finance terminology, reporting and strategies.

This course is ideal for any co-op employee who wants to learn and understand cooperative finance.

NOTE: This course is an updated version of the 655 Accounting for Non-Accountants course. 5101.1 builds on the 655 to better target the core business acumen competencies needed by cooperative employees.

Learning Objectives

After completing the course, participants will be able to:

  • Understand basic principles of cooperative finance and accounting.
  • Understand basic accounting concepts and processes (capitalized vs. expensed items, cash vs. accrual accounting, etc.).
  • Explain the four primary financial statements and how departmental operations impact these statements.
  • Differentiate between margins and cash.
  • Explain the basic concepts of the financial audit and employees’ roles in maintaining the integrity of the cooperative’s internal controls.
  • Understand basic budgeting and capital budgeting concepts and techniques.
  • Calculate common key financial ratios.
Key Topics
  • Accounting basics
  • Accounting processes
  • Financial statements
  • Financial audits
  • Financial statement analysis
  • Capital credits
  • Equity management
  • Budgeting
Where to Take This Course
  • Cooperative University (offered twice a year—spring and fall)
  • Onsite (face-to-face or online) at your co-op, statewide or G&T. Contact NRECA for more information.
Certificate Program

Cooperative Career Essentials Program

Credits

1

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Curriculum

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Competencies

CORE COMPETENCIES
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ROLE-SPECIFIC
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SUPERVISORY, MANAGEMENT AND LEADERSHIP
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