Overview

It is essential to be able to understand the financial health of your business, without relying solely on your accountant. 

This workshop will show you how to develop ‘snapshot’ measures (key performance indicators) of your business progress to make sure it stays on track. It will also provide you with a good understanding of your financial essentials so that you will know the right questions to ask your accountant.

Main topics covered

This workshop covers:

  • how to read a profit and loss statement
  • knowing the difference between margin and mark-up
  • understanding a balance sheet
  • tracking key performance indicators
  • knowing your net cash position
  • the importance of managing cash flow

You'll receive a practical workbook, and there will be an opportunity to ask questions.

It's recommended that you have a calculator with you for this workshop.

Who it's for

This is an entry level workshop for people with little or no understanding of business financials.

It will also be useful for business owners who want to be better equipped to spot financial problems or areas of concern.

About the presenter

Our foundation workshops are presented by SBDC business advisers and local small business owners. These presenters have been selected for their vast experience and expertise in this subject area.

Testimonials

Today’s Business Finance workshop has been such a great learning experience. This is a fantastic platform run by the Government for any small business wanting to broaden their knowledge within their small business. They have a variety of courses and I’m super keen to look into a few more!

Elona Commerell
The Understanding Business Financials Workshop was very informative. The presenter Grace was very informative and answered all questions thoroughly. It was nice know how we should be reading the numbers. Highly recommend.
Sam W
Financial management
Foundation Workshop

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
  • A recording of the workshop which you can access for up to seven days post event (online workshops only)
  • Copies of any resources shared with attendees

When and where

Click on the book now button for more details about this workshop.

Book Now