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    FINANCE: ACCOUNTING SYSTEMS AND THE PROFIT AND LOSS STATEMENT
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    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 like the sample P&L's and I like being able to read other managers' posts so that I can benchmark

    ... The interaction with the instructor was great. She was quick with responses and helped me figure out what I did wrong without giving me the answers.


    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).

    VetMedTeam does not submit management courses to RACE as this organization is structured to provide credits for medical/clinical course, behavior related courses, and other similar topics. Also, most states severely limit or decline the use of management topic credits for veterinary or technician license renewal.

    Instead, VetMedTeam submits management and customer service related courses to the VHMA for review and approval. CVPMs (Certified Veterinary Practice Managers) and CVPM candidates may use our VHMA approved courses for required CE credits for either sitting the examination or maintaining certification.





    Course Writer

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


    Course Instructor
    Erin Macdonald, CVT, CVPM Erin Macdonald, CVT, CVPM
    Erin Macdonald is currently employed at Haines Road Animal Hospital in St. Petersburg, Florida and holds the position of Hospital Administrator. She has worked in the veterinary field since 1999, her first position as a receptionist.

    In 2006, she received an Associate in Arts Degree in General Studies and an Associate’s in Science Degree in Veterinary Technology from St. Petersburg College. That year, she became a Certified Veterinary Technician. After receiving a Certificate in Hospital Management and a Bachelor’s Degree in Veterinary Technology Management, she achieved the designation of Certified Veterinary Practice Manager in 2009.

    Erin is a member of both the Florida Veterinary Technician Association and the National Association of Veterinary Technicians in America. Erin lives in Pinellas Park, Florida with her three dogs, Dolly, Slick and Plato; two cats, Gia and Roxanne; and her duck, Donnie. She spends her free time gardening, reading and playing the drums.


    Upcoming Sessions




    Pricing
    Course Price: $88.00



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    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.
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