ACCOUNTING SYSTEMS AND THE PROFIT AND LOSS STATEMENT

 

 

Course Description


This 2 week course is designed to help management staff members understand basic accounting systems and financial statements.

 

Learning Objectives


Upon completion of the course, the student will be able to:

  • perform basic bookkeeping tasks
  • ask appropriate questions when hiring a bookkeeping service
  • know what to consider when purchasing accounting software
  • consider outsourcing payroll processing
  • understand the purposes and uses of the P&L
  • prepare a profit & loss statement
  • analyze a profit & loss statement

 

Course Content


Some of the topics covered include financial systems, financial software, payroll systems, and preparing profit and loss statements.

 

Testimonials

... I loved the common size analysis. It will enable me to give this information to the owner without consulting outside help. We will be more concise and I can pull this information out of our accounting program more easily.

... I thought the instructor was wonderful. Answers to questions, comments, etc were practically immediate. Those answers were always focused, supportive and informative. The course materials were well prepared and easy to break down into smaller units so I could even study some during work hours and not feel I was compromising my job duties.

... I enjoyed being to work at my own pace and time. The discussion boards were interesting. I liked being able to see how others responded to the questions. I liked the fact that our opinions mattered and there was not one right answer.

... The second assignment - having to perform a common size analysis on our P&L for the hospital. Having to do this gave me experience, I got to learn from the other students and the instructor, and it was something valuable that I could directly use within our hospital

... I was forced to learn an excel formula that will be very efficient and beneficial for me in the future.

... The course helped refresh my memory of P & L analysis. Good course.

 

Recommended Materials


The past three years of Profit & Loss statements for your practice. If you are unable to obtain these reports, within the course you will have access to generic reports.

 

Student Login Requirements


VetMedTeam courses are asynchronous - they do not contain real time components. Students log in while a course is in session at times convenient to personal schedules.

 

Course Completion Requirements


  • Participation in instructor lead topics for each of the units
  • Grade of 80% or better on the final exam
  • Submission of the course survey

 

Recommended Student Criteria


This course is appropriate for any member of the veterinary practice team who seeks to have a greater understanding of the topics covered.

 

Continuing Education Credits

This course is applicable for 5 CE credits toward the continuing education requirement for the Certified Veterinary Practice Manager program offered by the Veterinary Hospital Managers Association (VHMA).

 

Course Writer


Fritz Wood, a Certified Public Accountant and Certified Financial Planner with contributions by Katherine Dobbs, RVT, CVPM.

 

Upcoming Sessions

 

Pricing

Price: $88.00 USD


Students may enroll in this course after it has begun, up to the enrollment deadline date. Participants who enroll after the start date do not miss out on any components of the course. There are no real time sessions. The design of this course allows each student to proceed based on individual schedule, as long as all assignments are submitted by the assignment submission deadline.

 

In addition, you many use your MERIAL® Rewards Visa® Prepaid Card to pay for courses. If you are not enrolled in the MERIAL Rewards program, ask your Merial Sales Representative or call 1-800-307-7000. If you do not have enough points and wish to supplement your payment with another card, please write to CE@VetMedTeam.com.