The Best Ways to Get a Business Finance and Accounting Education

Do you trust your accountant and finance manager?

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A vast majority of them are trustworthy and reliable. However, business history is full of cases where people in charge of the company purse abused their position of trust through accounting manipulation, book-cooking and outright fraud. The essential foundation for financial oversight is an elementary study of financial record keeping and reporting.

Where can you get educated? The purpose of an effective executive education or coaching program on accounting is to give a broad overview of financial record keeping. The topics should include an elementary yet essential overview of the balance sheet, income statement and cash flow statement and their inter-connectivity.

Look for engaging accounting material with hands-on participation through the creation of fictitious company accounting records.  Be challenged with exercises to construct and dissect general journal entries to see how it all comes together in the financial statements. You will soon discover the big picture of accounting without getting bogged down in too much accounting theory or complex details.

Community colleges, universities, trade associations and executive coaching services offer basic accounting education. You will have the essential tools after training to understand your company financial record keeping procedures and make informed business decisions from the financial statements. You will be able to have confident conversations with your accounting staff, CPA and tax adviser and be a more financially capable executive.

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About Michael Shelton

Your Business Coach Facilitating Delegation and Work Group Engagement Michael Shelton has over twenty-five years of business and military accomplishments, including extensive experience with one of the largest, publicly traded real estate investment trusts (REIT). He is a qualified business coach with assignments in cross-functional work group management, strategic planning, unit leadership, joint venture acquisitions, executive education, mentoring, training and merger integration. Michael has accumulated best practices for building committed work groups from more than $4 billion of capital markets transactions and commercial property development. He served as a commissioned officer and helicopter pilot in the U.S. Army, and earned his MBA from The University of Arizona. Michael has served as a major conference panelist and is the author of Cash Flow Rich, Winning Ways to Evaluate and Finance Real Estate. Today, he helps business owners get more work group engagement as President and CEO of Shelton Business Services, LLC in Scottsdale, Arizona. Disclaimer: I don't offer investment, legal or tax advice. Talk to your broker, accountant or lawyer for investment, tax and legal help. I might own stock in the companies I mention on-line. My posts, tweets and other on-line activity are my personal thoughts and don't represent my employer or company.
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