Overview
Do you fully understand the story that your financial accounts are telling in order to make informed decisions for your business?
Understanding your business’s financial statements is the key to understanding your business's performance. This level of financial literacy can help business owners make informed decisions, leading the business to greater levels of success and profitability.
This workshop will focus on reading financial statements, identifying and examining your business performance. You will learn to:
- Identify trends in financial statements.
- Calculate key metrics of profitability.
- Explore liquidity ratios.
- Practice talking about business performance.
- Understand the relationship between your cash flow, balance sheet, and profit and loss statement.
- Ensure your understanding of accounting underpins how you think about business.
Let’s Talk Business Analysis uses the Colour Accounting Learning System as licensed by Wealthvox.
Main topics covered
- Navigating financial statements.
- Identifying trends and linkages within your accounts.
- Applying metrics and ratios to enhance your analytical skills.
- Reviewing the financial statements to understand your business performance.
- Detecting inconsistencies and knowing what questions to ask your accountant/bookkeeper.
Who it’s for
This workshop is for established business owners, leaders and managers from a non-financial background who have experience reviewing their accounts and would like to further develop their skills in analysing their financial statements. This workshop is targeted at participants with an intermediate level of accounting knowledge or those who have previously attended the Understanding Business Financials or Let’s Talk Finance workshops.
About the presenter
DHM Coaching and Consulting helps business owners make better informed decisions by building their understanding and confidence around the financials of their business. Facilitator, Debbie Millard, has a reputation for being able to explain accounting concepts in plain language making it easier to understand by those with a non-finance background.
Cost
$20
This workshop is offered at a reduced cost thanks to substantial funding from the Government of Western Australia.
What's included
- Access to the live workshop
- Copies of any resources shared with attendees
When and where
Click on the book now button for more details about this workshop.
