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Becoming Best Friends with your Financials, Class Four: Cash Flow and Profit and Loss Statements
May 7, 2019 @ 3:00 pm - 4:30 pm
Becoming Best Friends with your Financials Series
This six-part series on finance will be highly interactive and requires participants to be willing to share their numbers, as the class will include some time to work on budgets. Participants will bring in the numbers they used to determine a retail price on their service or item and a history of their monthly sales and expenses for the Cost of Goods class. This way, we can validate the numbers or create changes.
By the end of this series, participants will have a completed budget with validated and realistic numbers as well as the knowledge to read and use their financial statements in their business.
Please bring the following to each session:
• Ability to use Excel
• And other items per the workshop topic
Class Four: Cash Flow and Profit & Loss Statements
In this class, participants will learn how to create a cashflow statement and use it to project how cash flows in and out of the business throughout the year. It is important to project the cashflow that your company has access to so it is included in the budgeting process. Participants will also review a company Profit & Loss and learn how to read this financial statement and use it to make financial decisions for your company.
– Participants should bring a Profit & Loss Statement if they have one
– Participants will learn:
- How to read a Profit & Loss Statement
- How to determine cashflow within the budget
View the other sessions in this series:
About the Instructor:
Ann Connor is an award-winning business adviser. She has assisted businesses and organizations throughout the U.S. to create action plans for strategic growth. With over 25 years of experience in the retail industry, she’s helped more than 200 entrepreneurs and non-profit organizations identify their goals, steer them around a multitude of obstacles, and tackle their long-term challenges with a series of manageable steps. She sees her coaching as empowering people to be successful.