Event Calendar
Accounting for the Non-Accountant (PD)
Date(s): October 15, 2020
Time: 9:00 AM CST - 4:00 PM CST
In order to socially distance properly, we will allow NO MORE than 24 attendees for this program.
An inherent risk of exposure to COVID-19 exists in any public place where people are present. By attending this event, you voluntarily assume all risks related to exposure to COVID-19.
ROOM BLOCK
Location: Stoney Creek Hotel & Conference Center
Room Block Name: WECA Educational Program
Room Cut-Off:
Rate:
Registration: 8:30 a.m.
Program: 9 a.m.-4 p.m.
Accounting for the Non-Accountant (PD #255.1)
1-1/2 Skill Builder Credits
Follow the money—what every co-op manager should know about accounting and finance. Participants will be engaged in a hands-on exploration of cooperative financial statements and learn how work has an impact on the bottom line. The course will take the mystery out of such financial terms as: TIER, equity ratio, capitalization, KRTA, Debt Service Coverage, depreciation, and the Form 7.
- Describe the components of an operating statement
- Describe the primary categories on a balance sheet
- Differentiate between margins and cash
- Explain the difference in operating and non-operating margins
- Calculate common key financial ratios
- Identify how departmental operations affect the cooperative’s financial outcomes
- Differentiate between capitalized and expensed items
- Explain how margins, capital credits, and plant growth affect members’ equity
- Understand how benefits, overheads, aid-to-construction, plant additions, and work orders are accounted for on the financial statements.
IMPORTANT: If you have or think you might have Covid-19, or you are experiencing or have experienced symptoms of Covid-19 in the past 14 days prior to the workshop date, please contact WECA to cancel your registration. Persons who cancel their registration due to COVID-19 illness or potential illness will receive full credit for attending a future event.
Potential Symptoms of COVID-19 Illness:
- Fever or chills
- Cough
- Shortness of breath or difficulty breathing
- Fatigue
- Muscle or body aches
- Headache
- New loss of taste or smell
- Sore throat
- Congestion or runny nose
- Nausea or vomiting