• Improve your financial literacy

Improve your financial literacy

Date: Tuesday 21 July 2020
Time: 9:00am - 4:30pm

  

Rebecca White
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  • Summary

Learn how to use financial information to make better business decisions

When business owners understand their financial information, they make informed strategic decisions that result in business growth and financial stability. There is a direct link between financial literacy and business success. In this virtual workshop, you will learn how to read a profit and loss statement, the relationship between profit and cash flow, and why your balance sheet is the most important financial report of all.

Learn how to calculate if your current pricing strategy covers all the Cost of Goods Sold (COGS) associated with delivering your product or service plus operating expenses to deliver a bottom-line profit. Empower yourself with the knowledge of how to read key financial reports and set yourself up for success.

This workshop is ideal for:

  • Retailers (online as well as bricks and mortar stores) selling products  
  • Owners of service-based businesses selling time  
  • Startups wanting to raise investment or validate pricing strategy  
  • General Managers or key operations personnel
  • Managers responsible for financial budgets.  

Learning outcomes

In this workshop you will learn how to:

  • Build a glossary of financial and accounting terminology
  • Analyse your Profit and Loss statement (P&L)  
  • Ensure your pricing model is delivering a profit
  • Differentiate between profit and cash flow
  • Validate every item in your Balance Sheet
  • Create a strategy for utilising profit in your business
  • Use financial data to make better business decisions 

What you will receive

By attending this workshop, you will receive:

  • 12 month online Financial Tracker tool
  • Information from a Financial Educator about how to understand your numbers
  • Advice about how to customise your financial reports
  • Comprehensive workbook for future reference
  • Financial Review Checklist to improve financial management
  • Cash flow lever cards

Workshop Videos
 

WATCH WORKSHOP VIDEO

Hear from Tanya Titman our National Lead of Financial Education. She explains why financial literacy is important and what you will learn in this workshop 

Workshop facilitator 
 

 

ANDREW MACDONELL

Associate Director, Business Services

Brisbane

Phone: +61 7 3173 5473

Email: [email protected]

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