Basic Accounting
Instructor: William R. Kay, Adjunct Professor for the Henry W. Bloch School of Management at UMKC, owner of W. Kay & AssociatesJune 26, 2025 | 8:30am – 3:30pm
IN-PERSON SESSION – UMKC Bloch Executive Hall, 5108 Cherry Street, Kansas City, Missouri Room 414In this workshop you will gain an understanding of the accounting process, from recording the dollar impact of business decisions to the preparation of the resulting financial reports.
You will come away with the ability to converse with the finance people intelligently and grasp the all-important numbers side of business.
This workshop will help you become familiar with common accounting concepts and buzzwords used by accounting insiders. You’ll develop a baseline of financial understanding and clear up any confusion between different kinds of financial statements and identify their purpose and relation to each other.
Key Topics
- Accounting equation and the relationship among its components
- The basic accounting principles
- The accounting process: journals and ledgers
- How debits and credits work
- How various business transactions affect financial statements
- Cash accounting versus accrual basis accounting
- The difference between accounting profit and cash flow
- Retained Earnings is the bridge between the Income Statement and the Balance Sheet
- Apply accounting conventions and guidelines
- The purpose of and terminology associated with the key financial statements:
- Income Statement or Profit and Loss Statement (P&L)
- Balance Sheet
- Statement of Retained Earnings
- Cash Flow Statement
Who Should Attend
This program is designed for both new managers of all backgrounds and established managers with non-finance backgrounds in every functional area of responsibility and in all industries.
About the Instructor
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William R. Kay, MBA, is an adjunct Professor for the University of Missouri Kansas City (UMKC), Bloch School of Management, and owner of W. Kay & Associates is dedicated to helping organizations and individuals enhance their competitiveness, productivity, and technological performance.
For the past 28 years, Mr. Kay has specialized in assisting businesses in the quest to improve performance in the areas of strategic planning, finance and accounting, project management, marketing, sales and sales management, and team building following the accelerated learning model for adult learning.
Mr. Kay’s professional experience includes over 20 years as CEO and owner of a major company and, for the past 28 years helping major Fortune 500 companies and Universities with organizational development and training.
Announcing the new Bloch Alumni Leadership Development Program certificate that combines a career assessment, leadership seminars and social and networking events for Bloch School alumni.
Visit the Bloch Alumni Leadership Development Program page for more informationIf you have any questions please contact us at umkcexeced@umkc.edu or 816-235-2892.
Budgeting
Instructor: William R. Kay, Adjunct Professor for the Henry W. Bloch School of Management at UMKC, owner of W. Kay & AssociatesOctober 23, 2025 | 8:30am – 3:30pm
IN-PERSON SESSION – UMKC Bloch Executive Hall, 5108 Cherry Street, Kansas City, Missouri Room 414Being responsible for the budgeting means you’re playing a vital role in your organization’s future. Your budget enables you to pinpoint critical variables that impact profit, so your company can successfully pursue business goals and create value.
In this workshop, you will learn how to work with, develop and present budgets aligned with business strategic goals. Working in groups, you’ll gather the information you need to construct and analyze operating budgets. You’ll practice evaluating and revising your budget to increase its chances of acceptance. This is your opportunity to gain the tools and insights to craft the budget your company needs to overcome obstacles and achieve success.
Key Topics
- Overview of the planning and budgeting process
- Accurately develop an operating budget based on forecasted sales, revenues, and costs
- Work with a well-planned budget that clearly highlights crucial variables that impact profit
- Know the line items on the income statement, their metrics and interdependencies
- Define variances so you can quickly implement changes to meet your company’s financial objectives
- Develop and present a well-thought-out budget that will get buy-in
- Keep your plan on target with budgetary controls
- Understand the definition, purpose, and components of a budget
- Operating budget vs. capital budget
- Address issues and challenges when dealing with assumptions and targets
- Revise and finalize the budget
- Organize and deliver your operating budget for feedback and final approval
- Obtain tips, guidelines, and recommendations for developing and presenting your budget
- Perform a variance analysis and identify potential sources and causes
- Know exactly which variances to address to plan for next year’s budget
Who Should Attend
Managers and anyone with budget responsibilities who are interested in developing or improving their budget planning skills.
About the Instructor
William R. Kay, MBA, is an adjunct Professor for the University of Missouri Kansas City (UMKC), Bloch School of Management, and owner of W. Kay & Associates is dedicated to helping organizations and individuals enhance their competitiveness, productivity, and technological performance.
For the past 28 years, Mr. Kay has specialized in assisting businesses in the quest to improve performance in the areas of strategic planning, finance and accounting, project management, marketing, sales and sales management, and team building following the accelerated learning model for adult learning.
Mr. Kay’s professional experience includes over 20 years as CEO and owner of a major company and, for the past 28 years helping major Fortune 500 companies and Universities with organizational development and training.
Finance for Non-Financial Managers Lunch and Learn
Instructor: William R. Kay, Adjunct Professor for the Henry W. Bloch School of Management at UMKC, owner of W. Kay & Associates, Nathan Mauck, Ph.D., Professor of Finance at the Henry W. Bloch School of ManagementMay 16, 2025 | 12:00pm-1:00pm
ONLINE ZOOM SESSIONAttend a Free 1-hour session showcasing our new Understanding the Language of Finance Program and a sample of the Finance for Non-Financial Managers.
Finance for Non-Financial Managers Lunch and Learn Includes:
Join us for a free, one-hour Lunch & Learn session to discover more about our new Understanding the Language of Finance programs and see how the Finance for Non-Financial Managers course can benefit you and your company!
This engaging session will provide an overview of the 6 Language of Finance classes and a sample session of the Finance for Non-Financial Managers program.
About the Instructor
William R. Kay, MBA, is an adjunct Professor for the University of Missouri Kansas City (UMKC), Bloch School of Management, and owner of W. Kay & Associates is dedicated to helping organizations and individuals enhance their competitiveness, productivity, and technological performance.
For the past 28 years, Mr. Kay has specialized in assisting businesses in the quest to improve performance in the areas of strategic planning, finance and accounting, project management, marketing, sales and sales management, and team building following the accelerated learning model for adult learning.
Mr. Kay’s professional experience includes over 20 years as CEO and owner of a major company and, for the past 28 years helping major Fortune 500 companies and Universities with organizational development and training.
Using and Understanding Financial Statements
Instructor: William R. Kay, Adjunct Professor for the Henry W. Bloch School of Management at UMKC, owner of W. Kay & AssociatesAugust 28, 2025 | 8:30am – 3:30pm
IN-PERSON SESSION – UMKC Bloch Executive Hall, 5108 Cherry Street, Kansas City, Missouri Room 414This workshop covers the financial skills that are fundamental for any managerial position. You’ll learn how to think finance and get a firm grasp of the numbers side of business.
From accruals to write-offs, receivables and payables, this workshop covers the concepts, tools, and techniques that can help make decisions pay off both on the job and on the bottom line.
You will gain a greater confidence and a working knowledge of the key business financials statements. Learn how to “think finance” and translate performance in financial terms.
Key Topics
- The key Financial Statements and how they tie together
- Key Finance Terms: Assets, Liabilities, Capital, Depreciation, Current Ratio and others
- Master the mind-set: see business in terms of dollars-and-cents decision options that pay off, short and long-term
- Develop working rules regarding your corporate financial statements
- Use the balance sheet to examine assets and liabilities
- Analyze the income statement to assess revenues and expenses
- The statement of cash flow: sources and uses of funds
- Content and format of the annual report
- Understand the footnotes
- Debt vs. Equity financing
- How leverage can increase return to shareholders
- Use profit-planning tools, break-even analysis, financial forecasting
- Importance of Cash Flow: where cash comes from and how it’s applied
- Criteria for examining the performance of divisions and product lines
- Understand the cost of capital
Who Should Attend
This program is designed for both new managers of all backgrounds and established managers with non-finance backgrounds in every functional area of responsibility and in all industries.
About the Instructor
William R. Kay, MBA, is an adjunct Professor for the University of Missouri Kansas City (UMKC), Bloch School of Management, and owner of W. Kay & Associates is dedicated to helping organizations and individuals enhance their competitiveness, productivity, and technological performance.
For the past 28 years, Mr. Kay has specialized in assisting businesses in the quest to improve performance in the areas of strategic planning, finance and accounting, project management, marketing, sales and sales management, and team building following the accelerated learning model for adult learning.
Mr. Kay’s professional experience includes over 20 years as CEO and owner of a major company and, for the past 28 years helping major Fortune 500 companies and Universities with organizational development and training.
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