Improve your financial understanding to make better business decisions!
One of the keys to your success as a business owner is understanding your financial statements. Your accountant or bookkeeper may prepare your statements but, as key decision-maker, it is paramount that you have the information to make good financial decisions.
The workbook takes you through practical exercises to help you understand basic financial statements. After completing this workbook you will be able to:
- Prepare and interpret a cash flow projection, balance sheet, and income statement;
- Understand cost of goods sold profit margins; and
- Prepare a break-even analysis and understand the difference between sales and profit.
There are examples and exercises in the workbook that allow you to practice preparing statements so you can gain the knowledge and skills you need to help you prepare and interpret your own business financial information.
Free for WeBC loan clients!