Learn to make informed strategic decisions, based on your numbers
Understanding financial terminology is like learning a new language. Can you explain the difference between gross profit and net profit? Are you clear on which expenses should be allocated to cost of goods sold? Can you explain the relationship between your Profit and Loss and Balance Sheet? Empower yourself with the knowledge of how to read key financial reports and become a business owner who uses their knowledge of numbers to make better business decisions.
What you will learn in this free masterclass
- Determine your current level of financial literacy
- Identify financial challenges and discuss strategies to overcome them
- Understand the structure of a Profit and Loss Statement
- Identify Cost of Goods Sold to ensure your Gross Profit is correct
- Discuss the three report layouts every business owner needs
- Understand the structure of a Balance Sheet.
Who should attend this masterclass?
This masterclass suits anyone looking to improve their financial literacy and gain a deeper understanding of accounting principles and financial reports. This financial education will be delivered virtually. Business leaders located across Australia are welcome to attend, specifically:
Business owners looking to improve their financial knowledge
Owners of startups, small businesses and large organisations
General managers, key operational personnel or financial managers
Managers responsible for analysing financials or setting budgets
Financial decision-makers who want more confidence
The benefits of financial literacy for business owners
There is a direct correlation between financial literacy and business success. Your level of financial literacy affects the speed and success of your growth plans. It affects your ability to borrow money for growth and your relationship with financial lenders and investors. Understanding your numbers will ensure you are aware of the financial impact of every business decision you make.