Make sound business decisions that take advantage of financial information about current operations to realize opportunities for profitability and growth. Regular preparation and analysis of financial statements supports the business owner in early identification of areas with potential for improvement.
This session includes three small business case studies that will provide essential information to help you understand:
•The components and purposes of the two key reports: the Income Statement and the Balance Sheet
•How to evaluate business profitability based on the business owner’s investment of resources
•Product/service pricing and expense management approaches that are consistent with profit objectives
•How to use financial information to recognize adverse trends in sales, accounts receivable collection and inventory management
•The financial risk associated with your business
Who Should Attend?
Pro-active business owners who want to improve their financial skill set and adopt regular routines for using available financial information in making business decisions.
250-240 Graham Avenue