(5101.1) Cooperative Finance & Accounting for the Non-Accountant (previously course PD255 and 655)(5101.1) Cooperative Finance & Accounting for the Non-Accountant (previously course PD255 and 655)

Courses

Date(s)
Offered
- Face-to-face
- Online
- On-site

Instructions
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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.
This class is limited to 30 participants. Enrollment is first come, first served.

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

Certificate Program

Cooperative Career Essentials Program

Credits

Yes

How the Course Works

The course will be divided into two sessions and delivered over two consecutive days.

Day 1/Session 1: 2-5 p.m. ET
Day 2/Session 2: 2-5 p.m. ET

You must participate in both sessions to earn course credit. Breaks will be provided throughout.

Upon completion of this course, you will be awarded one CCEP credit. You must participate in both sessions to earn course credit.

All emails associated with this course will be sent to your primary email address in your cooperative.com profile. Many people have personal and co-op email addresses in their profile. We recommend you check your settings to make sure the email address designated as primary is correct. You can edit and update this email address at any time by clicking here and logging into cooperative.com.

Before the Course Begins

Access the course Participant Guide

The Participant Guide will be sent 1-2 weeks before the course begins. Please have it available electronically for viewing during course or print on your own if you prefer a hard copy.

Address Equipment/Technology Needs

The course will be offered via Webex. Registrants will be sent a link 1-2 weeks prior to the start of the course.
If you haven’t previously used Webex Meetings, download by clicking here.

You can choose to join the course with the web app or desktop app. Most prefer the desktop app, but both options will work.
Need assistance on how to use WebEx?  Take a moment to review this short instructional video.
If using a mobile device (iPad or tablet), this info will help with using Webex features during the course.

You will need the following equipment to participate:

A computer or tablet with camera for video participation.
Broadband internet connection.
A telephone in the event your computer sound and microphone do not suffice.

On the Day of the Course

Log in to the course 15 minutes early so that we can establish audio/video connections and be sure everyone is connected and comfortable.
Have the Participant Guide printed or available for viewing on your computer as you will not receive a hard copy.

Curriculum

Instructors

Yes

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Fees

$619

All sessions of the course must be completed to earn one (1) course credit toward the Cooperative Career Essentials Certificate. Attendance will be checked before each session. One individual participant per registration, please. Group registration not available. This class is limited to 30 participants. Enrollment is first come, first served.

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Competencies

CORE COMPETENCIES

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[accordion title="Business%20Acumen"]Electric Cooperative Business Fundamentals

Integrates cooperative business and industry knowledge into job performance.

Professional and Technical Credibility

Keeps current in area of expertise and demonstrates competency within areas of functional responsibility.

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[accordion title="Resourcefulness%20and%20Accountability"]Critical Thinking and Decision Making

Thinks strategically to make informed decisions and implement effective solutions.

Continuous Learning and Development

Displays an ongoing commitment to learning and self-improvement.

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