Great introduction for businesses owners that realize the importance of current accurate financial
information, but would like more insight on how to interpret and use the financial information to
better manage their business.

This seminar will review the primary financial statements used in business. Learn the purpose of each financial statement and how to read them to effectively manage the financial aspects of your business. Help create a custom set of key metrics for you and your management team so that you may proactively manage your business to meet your goals. Also learn key ratios you can obtain from your financials and other sources to better manage profitability, efficiency and risk management. Communicate better with your accountant, and understand the implications of financial decisions. Objectives include:

1. Review accounting terms, definitions and concepts
2. Understanding and reading a Balance Sheet
3. Understanding and reading an Income Statement (aka Profit & Loss Statement)
4. Understanding and reading a Cash Flow statement
5. Creating a timely and consistent accounting report set
6. Establishing key or risk indicators
7. Creating metrics and ratios that help you understand your business by using a scorecard
8. How to manage and monitor your business using your financial information
9. The importance of budgets and projecting cash flow
10. High level tax planning
11. Understanding other financial reports
12. Tax return income versus your book income
13. Financial Statement Audits, Reviews and Compilations
14. Other uses of financial statements