This two-day workshop will provide you with an overview of how to understand financial information, without requiring an in-depth knowledge of math or bookkeeping. In addition to providing a Plain Language version of the basics of financial statements, you will also learn how to organize key information in a way that will support your financial management objectives. You will receive practical tips on how to quickly analyze reports to identify the key elements requiring your attention, and you will gain insight into the strengths and weaknesses of standard accounting systems, so you are better able to evaluate the quality of the information you are receiving from your financial data.
At the end of this workshop, you will understand:
- How accounting records and financial statements are created
- Ways to use financial statements to help analyze the day-to-day operations, as well as the long-term risks and opportunities in your business
- How to compare financial results against budget targets and how to use the data to identify and solve problems
- How to interpret the financial information, and how you are doing compared to your competitors and/or other economic indicators
- How financial data can tell you where you are, relative to your targets and objectives, and what is potentially being left out of the accounting measurement process
Time: 9:00 am to 4:30 pm