Introduction to a Basic Understanding of FINANCIAL STATEMENTS
Financial Statements are vital to manage your business effectively!
This workshop is designed for entrepreneurs, financial and bookkeeping staff wishing to get a basic understanding of how to read and use Financial Statements and Management Reports to assist in making financial decisions.
This one day workshop uses the three main statements, Income Statement, Statement of Financial Position and Cash Flow Statement, to manage the cash flow cycle from purchases to banking the cash.
By the end of the workshop, candidates will be able to efficiently read and understand the main financial statements, and have a simple understanding of several key figures.
The workshop covers the following topics:
- Introduction and definitions
- Statement of financial position
- Income statement
- Cash flow statement
- Introduction to common financial ratios