Do you wish the reports you receive from QuickBooks or your CPA were more than just numbers and words. Would you like to truly understand how the three critical business financial statements are created, how to analyze them, and use the information to make better business decisions. This class is designed to help managers understand and utilize the balance sheet, income statement, and statement of cash flows to improve their business decision making. Participants will gain a better understanding of both how the statements were calculated and the best practices for using the reports to become a better financial manager.
Course Outline
Accounts, journals, and transactions
How is the income statement generated
How is the balance sheet generated
How is the statement of cash flow generated
Analyzing the income statement
Analyzing the balance sheet
Analyzing the statement of cash flows
Learner Outcomes
1) Participants will understand the fundamental accounting concepts, such as the difference in revenue and cash flow, that are used to generate the Income Statement, Balance Sheet, and Statement of Cash Flows
2) Participants will have a better understanding of how to analyze the income statement, balance sheet, and statement of cash flows to determine the financial position of a business
3) Participants will be exposed to best practices in analyzing the three statements to make business decisions
4) Participates will be instructed in the interactions of the three statements for complex analysis to include ratio analysis SBDC StartSmart was developed by the University of Georgia Small Business Development Center. This year?s program is tailored to being held virtually to facilitate virtual discussion, class engagement, & mastery of content. Participation in StartSmart will also allow access to online business planning software. The program is facilitated by specially trained SBDC consultants and a long-term relationship with the SBDC and follow-up consulting is available and encouraged.
Whether you are a new business (in business 2 years or less), or are still in the planning phase, building a business takes the right tools?and a lot of hard work. SBDC StartSmart will equip you to be successful!
SBDC StartSmart helps attendees to:
Evaluate & refine your business concept
Improve your knowledge of business concepts
Research markets and competition
Develop a financial forecast to improve chances of success
Develop a thorough, practical business plan
Course Outline
Eight modules cover critical issues for new businesses:
MODULE 1: Business Success ? How do we get there?
MODULE 2: Opportunity & Solutions
MODULE 3: Marketing for Success
MODULE 4: Digital Marketing & Online Strategies
MODULE 5: Navigating Human Resources
MODULE 6: Operations & Managing by the Numbers
MODULE 7: Management with a Plan
MODULE 8: Plan, Run, Review, Revise
Learner Outcomes
Owning your own business is the American dream. Building it to withstand the test of time requires a unique set of tools. SBDC StartSmart? provides the resources, support, and motivation to put your dream within reach.
SBDC StartSmart provides the tools to:
Evaluate your concept and develop plans to move forward.
Improve knowledge of business fundamentals.
Build an infrastructure for business operations and processes.
SBDC StartSmart graduates acquire:
An actionable business plan and access to business planning software
Access to financial and business resources.
A network of entrepreneurial peers and professionals.
Webinar - The Big Three & Your Business
StartSmart DeKalb