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SBDC Introduction to Financial Management
November 25 @ 4:00 pm - 5:45 pm
Whether you are starting a new business or looking to organize your current business’ finances, accurate financial information is one of the most valuable tools you have to drive success. This course seeks to set participants on the right path by providing a “101” overview of financial bookkeeping, accounting terminology and concepts, a breakdown of the key financial statements, and a brief introduction to financial management.
Learning objectives
- Establishing a good organizational system and clear accounting processes
- Develop a basic understanding of accounting terminology
- Understand the key components of the “Big Three” financial statements – balance sheet, P&L statement, and cash flow statement
- Learn more about the impact of breakeven on the bottom line
- Practice a few examples of analyzing financial information to understand how your numbers relate to your business
- Help you “put the narrative to the numbers” and begin to be able to ask questions about what you see in your financial statements. By working with your team and/or accountant, you will first be able to understand what is happening, and eventually be able to make incremental improvements.
LIVE VIRTUAL SESSIONS Dates & Times – all sessions take place from 4:00 pm – 5:45 pm CST
- Monday, November 18, 2024 | Session 1 – Class introduction, recordkeeping, establishing strong accounting practices
- Monday, November 25, 2024 | Session 2 – Financial Statements (overview) and the Income Statement/P&L
- Monday, December 2, 2024 | Session 3 – Balance Sheet
- Monday, December 9, 2024 | Session 4 – Cash Flow Management
- Monday, December 16, 2024 | Session 5 – Beginning Financial Management