1st Part – Understanding Your Financial Statements on Wednesday, 2/24/21, 9:00 - 11:00
2nd Part – Financial Management on Thursday, 2/25/21, 9:00 - 11:00
CLASS 1: Understanding & Using Your Financial Statements
- Learn how to use your financial information to find and focus on problems/opportunities
- Understand where your business has been by using:
- Balance Sheet
- Income Statement
- Cash Flow Statement
- Supporting Financial Reports
- Critical thinking review approach
CLASS 2: Financial Management – Using Financial Information as a Tool
- Understand where your business is heading by using:
- Break even analysis
- Key metric indicators
- Pricing/gross profit analysis
- Understand decision choices affecting cash flow:
- Buy versus lease
- Buy new versus used
- Variable versus fixed labor/expenses
- Learn how to utilize a list of common accounting errors:
- Determine if your financial statements contain any of these errors
- Assess the quality of your accounting
Participant Feedback:
“The amount of tools and information I learned was nothing short of breathtaking. Thanks to Tom Moore, I feel like I learned to really read for the first time, and the story our financials tell is quite a page turner.”
Your Expert Instructor:
Tom Moore: a SCORE Counselor and Seminar Presenter. Tom is a retired CPA (license in inactive status) and has over twenty-five years of experience as a Senior Financial Officer in small, medium and large companies in the payment processing, retail, service, entertainment and casino industries. He has been teaching SCORE seminars since 2007 and has counseled one-on-one with hundreds of entrepreneurs.
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