What Accountants Don’t Want You to Know
Learn a simple system to handle accounting transactions
For centuries, accountants have been keeping track of financial transactions in organizations. Regardless of whether the accounting system is computerized or manual, two basic recording devices are used – a journal and a ledger. As a manager, you don’t need to concern yourself with the details involved in the use of journals and ledgers. However, it is important that you understand how your decisions will impact on the balances in the company’s financial statements.
The Queen’s approach to teaching accounting employs something that we call the QT – a simple system that captures everything you need to know about accounting. Professor John Moore will use the QT to demonstrate the simplicity of accounting.
In this webinar you will:
- See how to use the QT Sheet to understand accounting transactions
- Learn how the income statement, balance sheet and cash flow statement are prepared
- Learn how your decisions affect the financial statements
- Develop an understanding of the process of closing of the books at year end
Session Leader
John Moore
John Moore is an experienced executive educator who has written one of Canada's most popular series of self-study accounting workbooks. He is highly regarded in the accounting and finance professions, and has conducted executive development seminars on financial tools for senior managers at Alcan, DuPont, Canada Post, Canon, Mountain Equipment Co-Op, Royal Insurance, and the Canadian Police College. He is actively involved in curriculum development with Canadian accounting associations. Acts as a coach on financial accounting to senior executives, and he works with members of senior management teams to integrate financial accounting concepts into strategic planning. He earned his MBA from Queen's University. He recently joined the Audit Committee of the Canadian Medical Protective Association and is cross-appointed as a Visiting Professor of Accounting at the Johnson Graduate School of Business at Cornell. Credits: John is a nine-time winner of the MBA Teaching Excellence Award from Queen's University. He is a recipient of the Silver Medal from the Society of Management Accountants of Canada, and he has worked extensively with the accounting professions to develop Canadian accounting standards. Publications: Queen's Finance and Accounting Workbook (Seventh Edition), Management Accounting Workbook (3rd Edition), Financial Accounting Workbook (3rd Edition), UFE Study Guide for Managerial Accounting and Financial Management, and Management Accounting Guidelines for Selecting the Optimum Product Line for an Enterprise (with Ken Wong).