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Financial fundamentals

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Understanding the fundamental accounting concepts to manage your business finances is vital to your on-going success.

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Understanding the fundamental accounting concepts to manage your business finances is vital to your on-going success.

The next 90 minutes is designed to give you a basic understanding of these fundamental accounting concepts and processes which underpin your business financials and delivered in easy-to-understand language. You will learn and appreciate the importance of timely and meaningful financial reporting which you will not only gain an understanding of, but also be able to implement and use to safe-guard and grow your business.

You will learn:

• The concepts of double entry and debits versus credits.

• Accounting structures: Chart of Accounts; general ledger; trial balance; balance sheet v profit & loss.

• The need to forecast and the importance of both operating and capital budgets.

• Understanding Breakeven Analysis and Cash Flow Management.

You will finish the session with:

• An understanding and appreciation of the key financial concepts underpinning your business financials.

• Confidence to maintain good accounting disciplines to better safeguard and grow your business.

The joining link for this online webinar will be emailed directly to you from the SRBEC the day prior to commencement. Please check your junk folder for this email.

All NSW registrations must register on - https://business-connect-register.industry.nsw.gov.au/pages/Event3.html?id=dcb645ea-57dd-eb11-a982-00155d6431a7&type=undefined

Business Connect is a dedicated and personalised NSW Government program that provides trusted advice to help you start or grow your small business.


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Organiser Southern Region BEC

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