Understanding Financial Statements to manage your business effectively
2 Day Practical Workshop
Objective of the workshop: to provide theory and some key tools, to enable Business owners and Managers, to use Financial information in order to manage their business more effectively.
Are you making profits, but cannot understand why the cash is not in the bank?
Many business owners struggle in understanding how to use the Financial Statements generated by their accountants, to make effective business decisions.
This 2 day practical workshop will help business owners, managers and bookkeepers understand their business better, and using simple but effective tools, pinpoint where the issues are and take corrective action ensuring the cash is in the bank.
After completing this workshop you will be able to read and use Financial information to more effectively manage your business’ profitability, efficiency and cash flows. You will be able to liaise properly with your accountant on the financial health of your business.
Key topics :
- How to read the big three Financial Statements: Income Statements, Balance Sheets and Cash Flow Statements
- Using these statements with key ratios, to identify where problem areas are in the business
- Using accounting data to make key business decisions:
- Fixed and variable costs
- Relevant Costs
- Break-Even Analysis
- Understanding the difference between Cash Flows & Profits and how to Manage both.
- Excel worksheet containing all formulas will be provided electronically via email
- Hard copy workshop notes will be provided, and a number of real life case studies will be worked on together, to ensure understanding of the concepts covered over the two days.
- A Support line to the presenter after the workshop will be provided for advice,support or assistance on real issues faced back in the workplace.
The Workshop covers the following:
Day 1 –
The workshop introduces the theory around the concepts and rules used in preparing the financial statements, with a focus on IFRS for SME’s.
The Statement of Financial Position, Comprehensive Income and Cash Flow statement are examined in detail, with a 5-point methodology used in reading these statements.
The emphasis of the workshop is that of generating from sales revenue, profits, and then turning those profits into cash.
The first day is completed by the introduction of ratio analysis to understand the key relationships between the three financial statements.
Day 2 –
Now that the theory has been covered, the Financial Analysis workbook is introduced using a case study that surfaces the practical content of the previous day.
We focus on what the three key users of the financials will be looking at: SARS, Bankers and owners of the business.
Finally, candidates will have the opportunity to analyse their own business, using the workbook and compiling a report that can be generated for distribution to your banker or investor.
*Candidates will be required to bring their laptop and financial statements with – case study financials will be supplied if not available.
- The workshop is suitable for both persons who have limited or intermediate knowledge of financial statements.
- Post workshop support is provided.
- The workshop runs from 9 am to 3 pm daily.
Live 2 Day Understanding Financial Statements Workshop
For Course Dates please click here
Please Download Yοur Workshop Enrolement Form Here
Price: 3 200.00
*If you require further information or assistance please do not hesitate in contacting us
Feedback from Course Participants:
” Excellent – Management tools ”
“Also wanted to say thank you for the really simply way you imparted knowledge on the course. I have attended similar courses before and always just walked away feeling a bit bemused.”
“I have a feeling it is knowledge acquired that will forever alter the way I manage my business. It certainly has already altered my stance on company growth.”
“Slow and steady pace. Presenter knows his stuff well, and did not lose the attendees”
“Real solutions to real business problems”
“Congratulations, we learned a lot in a small time, and it will lead to a better understanding of our business”
“Deeper inside into balance and income statements. Gavin is willing to look at your own company and advise during the workshop”
“Gained an understanding of how to apply the financial statements to analysis the performance of a company. Need to put into practice regularly in order to benefit the company and understand how my own company should be run to be efficient and profitable”
” The actual analysis of the business ”
” Financial Statements / Cash flow explained – Overall great, thanks and am looking forward to future workshops ”
” Excellent – Terminology and layman’s terms ”
” Gave me good insight and knowledge I did not have before ”
” Very well presented at layman’s level and made it fun and easy to understand – Well done ! ”
” Practical help for our business and looking forward to implementing ”
“Thank you for info, and thank you for 2 day seminar, we have already had a meeting on how to better our company.”
Anita Neves-Coetzee, Extreme Machine Technologies cc
“I REALLY enjoyed it. Gavin, I like the way you have incorporated practical exercises into the course, “as we go”. Everyone who wants to participate can do so or not. It’s a great way to learn about a complex subject. You get the urge to want to know more, because you communicate so well at the “lower level”. I also do hope that you introduce the “level 2” of this course. I will be there for sure.
Director – Campworld
” Thank you for a very insightful course – for the first time in three years I understand the financial statements of our business ”
” Understanding of income statements and balance sheet ”
” Ratios and the confidence to now talk and interact with my accountant ”
” Excellent – the opportunity to examine financials and apply it practically to examples ”
” Thank you for the very informative course presented. Most certainly one of the most valuable courses I have every attended. I have seen some of these factors and ratios before but none created the sense of understanding and comprehension I now have on this topic ”
” With still being in school and getting an idea of business management and accountancy for the future because it hugely interests me and the course helped alot – thank you ”
” Translating accountants language ”
” Excellent as really great course ”
” Understanding of overall finances ”
” This seminar makes understanding of the income statement and financial statements ”
” Excellent – the way the info was presented ”
” Excellent with hands on calculations making it easy to remember for when you need to rate your financials ”
” The practical explanation of the subject, actual examples and summary of focusing on what you need to do – Thank you ”
” Provided me with the ability to manage my business financially sound ”
“Never having dealt with “books” before I found the seminar very interesting, giving a good grounding and very well presented. Thank you”
“Overall well prese4nted course and will be beneficial to me in my business. Well done”
“Logical approach to the subject matter”
“Adding the technical attributes to the gut feeling”