Understanding Business Financials (Dalwallinu)

Understanding Business Financials (Dalwallinu)

It is essential to be able to understand the financial health of your business, without relying solely on your accountant.

By Business Local - RSM Australia

Date and time

Wed, 12 Feb 2020 10:00 AM - 12:00 PM AWST

Location

Dalwallinu Community Resource Centre

Dalwallinu Discovery Centre Johnston St Dalwallinu, WA 6609 Australia

About this event

This free workshop will show you how to develop ‘snapshot’ measures (key performance indicators) of your business progress to make sure it stays on track. It will also provide you with a good understanding of your financial essentials so that you will know the right questions to ask your accountant.

Who's it for

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This is an entry level workshop for people with little or no understanding of business financials.

It will also be useful for business owners who want to be better equipped to spot financial problems or areas of concern.

Program

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This workshop covers the following topics:

  • how to read a profit and loss statement
  • knowing the difference between margin and mark-up
  • understanding a balance sheet
  • tracking key performance indicators
  • knowing your net cash position
  • the importance of managing cash flow.

You'll receive a practical workbook, and there will be an opportunity to ask questions.

You are advised to bring a calculator with you.

BOOKINGS ARE ESSENTIAL

#Wheatbelt #Dalwallinu

Tags

Organised by

Business Local - RSM Australia

Whether you’re just starting out with a small business idea or looking to grow or solve a specific challenge, the Business Local team at RSM can help you on your journey to business success.

Business Local is an initiative of the Small Business Development Corporation, funded by the Government of Western Australia.

RSM Australia is the provider of Business Local in the Wheatbelt, Midwest, Gascoyne and Pilbara regions.

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