Event Calendar

Start Date: 10/4/2022 9:00 AM CDT
End Date: 10/4/2022 4:00 PM CDT

Venue Name: Holiday Inn South

Location:

Organization Name: Wisconsin Electric Cooperative Association

Contact:

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ROOM BLOCK
Location: Holiday Inn South
Room Block Name:  WECA
Room Cut-Off: Monday, September 5
Rate: $118.95

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Registration: 8:30 a.m.
Program: 9 a.m.-4 p.m.

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Cooperative Finance & Accounting for the Non-Accountant (#5101.1)
1-1/2 Skill Builder Credits

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.

Learning objectives:

• 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

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Please note that 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.

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