Understanding Financial Statements – Painfree!
 

Develop Financial Literacy

Financial Statements – Income Statement, Balance Sheet and Cash Flow Statement – are like pieces of a puzzle that fit together to tell the story of a business. Each is unique and tells a different part of the story. The business story would be incomplete without any one of them.

Financial literacy means being able to read and understand the whole business story and effectively use what it tells us. Understanding Financial Statements – Painfree! develops financial literacy.

Workshop outcomes and benefits

By the end of this workshop, participants will:

• Understand the purpose and use of the three key financial statements – Income Statement, Balance Sheet and Cash Flow Statement.
   
• Be able to navigate all of the financial statements and the connections between them.
   
• Start to develop a mindset of thinking in numbers – of instinctively translating business decisions into their short-term and long-term financial impacts.
   
• Have more confidence to use financial terminology in business communications.
   
• Enjoy improved ability to identify and address relevant questions and issues regarding business performance.
   

Workshop details

Understanding Financial Statements – Painfree! is designed for anyone who wants or needs to understand financial statements, whether to better manage their business, enhance job skills, make more informed investment decisions or even to create a personal financial plan.

Presented in a lively, step-by-step, interactive format, this workshop takes the mystery out of the Income Statement, Balance Sheet and Cash Flow Statement and can help anyone understand the stories in the numbers. A business panel wraps up the workshop day.

Course Outline:

• Overview – introduction to financial statements and key concepts
   
• Building financial statements – the impact of everyday transactions and business decisions
   
• Navigating financial statements – where to find what you're looking for and understanding how the financial statements fit together to tell the whole story
   
• The most important concept – why profit is not cash
   
• Using financial statements to assess business performance – highlights of financial statement analysis
   

Workshop length, class size and customization

• Understanding Financial Statements – Painfree! is a full-day workshop.
   
• Small class size of 12 participants allows for a high degree of learning, participation and exchange of ideas.
   
• The workshop can be customized to further increase its relevance to participants from a single organization.
   
• A half-day follow-up session is recommended within 3-6 months to review and expand on workshop topics and provide a forum to support participant implementation of workshop material.
   
• Workshop content highlights can be presented in a short seminar format to larger groups at conferences and company or association meetings. One-on-one training is also available.
   

Finding a workshop

Contact us to arrange for a workshop for your organization's staff, clients or members.

Workshops are offered in Vancouver, Canada, and can be arranged in other locations on request.
 

Focus on fundamentals.  Build financial strength.