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Becoming Best Friends with your Financials: Class Six – Cash Flow Statements
May 21 @ 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 Six: Cash Flow Statements
In this class, participants will learn how to read a cash flow statement and how it brings all of their numbers together. A business cannot use just a Profit & Loss Statement to make financial decisions; it needs all three documents to really understand its finances. The cashflow brings Profit & Loss and the Balance Sheet together and gives an accurate view of how a business is doing financially.
– Participants should bring a Cash Flow Statement if they have one
– Participants will learn:
- How the cashflow statement ties it all together
- How to read a cashflow statement and use it in a business
- Review of all material participants have created throughout the series
- Debrief and address open questions
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.