When
Friday, June 12, 2020 at 2 PM--Session #1
Friday June 19, 2020 at 10 AM--Session #2
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Where
This is an online event.
Contact
Howard Kostoris
SCORE Treasure Coast
772-489-0548
Bill Strouss: Presenter
Bill Strouss has experienced and navigated the many facets of starting, growing, and operating a small business. He has background as a CPA, a CFO of a large manufacturer, a General Manager of a mid-size engineered products company, and an owner/operator of a small manufacturing company for 20 years, During his career, he also participated at a senior level in not-for-profit industry associations and community organizations. Recently Bill completed a Doctoral degree in Leadership Studies while teaching finance, accounting, and economics as an Adjunct Professor at the university level and in an MBA program. Bill has been a certified Score mentor and workshop presenter for 5 years.
NEW! Understanding and Using Financial Reports and Concepts--6/12/20 & 6/19/20
- Are you intimidated by accounting and financial reports?
- Do you understand the financial reports, statements, and tax returns that are fundamental to your business?
- More importantly, do you know how to use your financial reports, such as a budget, to make sound business decisions?
- Do you know the story that your financial statements tell to an educated reader?
- Can you perform a lease vs. buy analysis or rank competing investment opportunities by their financial and business value?
Accounting and finance are the language of business for a reason. Only by understanding basic accounting terms and concepts can one understand and use financial reports to manage and improve their business.
In this two part workshop you will learn the basics of accounting terms and concepts and gain the ability to understand financial reports and some of their many uses to manage your business.
In Session #1 we will explore the terms and concepts of accounting and how they are used to build financial reports most commonly used by businesses. Fundamental principles such as consistency and conservatism underlie the concepts of assets, liabilities, revenue, and expense. We will examine how these concepts become the building blocks of most financial reports and statements such as the balance sheet, income statement, cash flow, and product profitability reports, and in so doing gain an understanding of those reports and statements.
In Session# 2 we will explore how these reports and concepts can help you manage a business. We will learn how to extract the story of the business operation from the financial statements and further, how to use that story to improve those operations. We will discuss how to build and use budgets, how to use a cash flow report to manage cash needs, how to perform variance and ratio analysis, and how to make capital asset investment decisions.
Each Part is 2 hours in length. Session # 1 will be held on 6/12/20 from 2:00 PM to 4:00 PM. Session #2 will be one week later on 6/19/20 from 10:00 AM to Noon. Both are on line events. At session #1 you will receive a URL to enable you to attend session #2. .
There is no fee to register for this event.
To Register for this workshop, click below