Understanding your Financials for Small Business | Workshop

This workshop is designed to give small business owners the tools and knowledge to understand what is in their financial statements and learn how to apply to any business.

This workshop is designed to give small business owners the tools and knowledge to understand what is in their financial statements. We will explore profit and loss and balance sheets, and the importance of cash flow and budgeting.

What you will learn:

Understand the main components of your financial statements

• Profit loss statement
• Balance sheet
• Cashflow statement
• Key accounting concepts
• Cashflow planning and importance of budgeting.
• Benchmarks and some basic ratio’s

Learning outcomes:

• The importance of understanding financial information, particularly the balance sheet, profit and loss account and cash flow statement. By having financial awareness, businesses are better able to manage revenue, cash, and profits.
• Practical tools and analysis of the information.
• Importance of cashflow planning and comparing actuals with your budgeted predications.