BIZ FACILITY Pty Ltd 2011/105349/07 Accounting & Tax Training presents -
Understanding & Using FINANCIAL STATEMENTS to manage your business effectively -
2 Day Practical Workshop
Durbanville, Cape Town - 22 & 23 September
Bloemfontein, OFS - 27 & 28 September
Pretoria, Gauteng - 4 & 5 October
Bedfordview, Gauteng - 13 & 14 October
COST : R 2 800.00 per delegate - Notes, Worksheets, Refreshments & Lunch included ( 9 am - 3 pm daily)
Are you making profits, but cannot understand why the cash is not in the bank? Many business owners struggle in understanding how to use the Financial Statements generated by their accountants, to make effective business decisions.
This 2 day practical workshop will help business owners, managers and bookkeepers understand their business better, and using simple but effective tools, pinpoint where the issues are and take corrective action ensuring the cash is in the bank.
After completing this workshop you will be able to read and use Financial information to more effectively manage your business’ profitability, efficiency and cash flows. You will be able to liaise properly with your accountant on the financial health of your business.
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The following will also be provided :
Hard copy workshop notes will be provided, and a number of real life case studies will be worked on together, to ensure understanding of the concepts covered over the two days.
A support line to the presenter after the workshop will be provided for assistance & support on real issues faced back in the workplace.
The workshop is aimed at Business Owners, Managers and Bookkeepers who are involved in using accounting information to make decisions.
The Workshop covers the following:
Day 1 -
Introduction to basic concepts on accounting and where this fits into the business – who needs to understand Financial Statements as we look at the various stakeholders in a business.
Understanding what a Balance Sheet and Income Statement are? - We take these fundamental reports of the business and analyze them so as to impart a sound knowledge of what each item on the Balance Sheet means, as well as the link between the Balance Sheet and the Income Statement.
Now that we understand the Financial Statements, how do we use them to manage the business – applying key ratios to effectively drive the business and close weak points.
Day 2 -
Understanding costs – costs are a key element in any business and need to be managed to ensure that the business remains competitive.
Breakeven analysis – knowing how costs behave, and understanding each products breakeven volume, allows efficient pricing decisions to be set, as well as scheduling production runs and inventory on hand.
Cash flow – putting all of the workshop's learning’s together, to manage the lifeblood of the business – cash flow. Using the Financial Statements to determine how profit and cash are related. What drivers require monitoring in order to unblock cash not in your bank account.
More about the presenter:
Gavin Beretta FCIS, MBA, CMT – has held a number of senior positions in medium and large organizations over the past 25 years, including that of Finance Manager, Finance Director and Senior Procurement Manager Africa. His experience included valuing business’ for takeover, providing finance leadership to various management teams, and embedding operational efficiency in procurement activities across Africa.
He currently provides tax and accounting services to small and medium sized business, as well as individuals.
He is a Fellow of the Institute of Chartered Secretaries and Administrators, and obtained an MBA in 2003, specializing in international Finance and Financial Risk Management.
He is also a member of the New York Market Technicians Association and holds a degree in using technical analysis to invest in equities, both locally and internationally.
The objective of our workshops is to provide practical tools for the participants to assist them in managing their business using accounting information and systems, and to effectively manage their tax obligations, whether personal or within a business.
After years dealing with non-financial managers and people generally within business, there is a lack of knowledge of accounting and how to effectively use figures to manage one’s business. Thus our aim is to provide people with practical skills in i) Using accounting data to make decisions, and ii) reading Financial statements (management accounts and or Annual Financial Statements) to effectively manage their business, area of operations and to converse with their accountants and bookkeepers on a more interactive level.
Too often, Financial Statements are simply put to one side by non-financial people as being irrelevant and too difficult to understand.
Regards
Gavin Beretta
FCIS, MBA, CMT
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Please note that there is LIMITED SEATING for the above workshops - To book to secure your seat, kindly contact us on 021 913 6099 or email info@bizfacility.co.za
www.bizfacility.com - For Your Ultimate Tax & Accounting Training