SME Finance 101: How to Read Financial Statements
Tue Aug 15, 08:30 - Tue Aug 15, 16:30
Event is online
ABOUT
Understanding financial statements is essential to the success of a small business. Financial statements are an essential reporting tool that help you understand the state of your business and where it’s going, and can be used to make important business and investment decisions.Objective of this workshop is to provide business owners with the necessary skills to read and interpret their financials especially in these sensitive economic times.
Topics covered:
- How does Junk Status affect your business?
- Understanding different business forms
- Understanding basic business recordkeeping and its importance
- Understanding accounting terminology
- Understanding financial reporting
- Understand types of accounts such as assets, liabilities, debtors/accounts receivable, creditors/accounts payable etc.
- Understand and apply the various concepts spanning day-to-day accounting to financial reporting, and clearly forecast the financial performance of your business
- How to practically implement a system for managing the financial side of your business
08:30 – 16:30
Rosebank, Johannesburg