In addition to learning how to read a financial statement and gaining an understanding of the terminology involved, attendees will walk away with the tools needed to improve business profits, increase cash flow and benchmark their firms. 'The Business Doctor' is a checklist classified by category that helps business decision-makers find ways to improve cash flow and profits.
- Understand your company's financial statements.
- Understand basic financial terminology.
- Learn how to manage your business using financial statements.
- Learn techniques to benchmark your company's financial data.
- Learn to use tools to improve your company's cash flow and profitability.
- Discover and learn how to use 'The Business Doctor.'
- Learn how to measure liquidity, leverage, costs and profitability.
- Work with a case study.
8:30 a.m. - 9:15 a.m.
A. Overview Of The Seminar
B. Basic Accounting And Finance Terminology
C. Generally Accepted Accounting Principles
D. Cash vs. Accrual Accounting
E. Choice Of A Method Of Accounting
F. The Four Basic Statements
G. Tools For Maintaining Accounting Records
9:15 a.m. - 10:30 a.m.
II. The Balance Sheet
B. Current Assets
C. Property And Equipment, Including Depreciation
D. Other Assets Including Intangible Assets
E. Current Liabilities
F. Long-Term Liabilities
G. Owner's Equity Including Retained Earnings
10:30 a.m. - 10:40 a.m.
10:40 a.m. - 11:00 a.m.
II. The Balance Sheet (Continued)
H. Benchmarking The Balance Sheet To Improve Profits And Cash Flow
11:00 a.m. - 12:15 p.m.
III. Income Statement
B. Cost Centers
C. Sales And Revenue
D. Cost Of Goods Sold And Gross Profit
E. Operating Expenses
F. Non-Operating Income And Expense
G. Income Taxes
12:15 p.m. - 1:15 p.m.
Lunch (On Your Own)
1:15 p.m. - 1:45 p.m.
III. Income Statement (Continued)
H. Benchmarking The Income Statement To Improve Profits
I. Improving Profitability And The Business Doctor
1:45 p.m. - 2:55 p.m.
IV. Cash Flow Statement And
B. The Three Types Of Cash Flow
C. Reading And Using The Cash Flow Statement
D. Improving Cash Flow And The Business Doctor
E. Benchmarking To Improve Cash Flow
2:55 p.m. - 3:05 p.m.
3:05 p.m. - 3:35 p.m.
V. Statement Of Owner's Equity
B. Effect Of Type Of Entity On Capital
C. Effect Of Type Of Entity On Retained Earnings
D. Some Transactions That Affect Equity
3:35 p.m. - 5:00 p.m.
VI. Putting It All Together (Using
A. Assessing Liquidity
B. Determining Profitability
C. Evaluating Leverage
D. Importance Of Trend Analysis
E. Planning And Budgeting To Control Your Business
F. Using The Business Doctor