addressalign-toparrow-leftarrow-rightbackbellblockcalendarcameraccwcheckchevron-downchevron-leftchevron-rightchevron-small-downchevron-small-leftchevron-small-rightchevron-small-upchevron-upcircle-with-checkcircle-with-crosscircle-with-pluscontroller-playcrossdots-three-verticaleditemptyheartexporteye-with-lineeyefacebookfolderfullheartglobe--smallglobegmailgooglegroupshelp-with-circleimageimagesinstagramFill 1launch-new-window--smalllight-bulblinklocation-pinm-swarmSearchmailmessagesminusmoremuplabelShape 3 + Rectangle 1ShapeoutlookpersonJoin Group on CardStartprice-ribbonprintShapeShapeShapeShapeImported LayersImported LayersImported Layersshieldstartickettrashtriangle-downtriangle-uptwitteruserwarningyahoo

New Meetup: Understanding Financial Reports

From: Jennifer H.
Sent on: Tuesday, May 18, 2010 1:34 PM
Announcing a new Meetup for *Free QuickBooks Workshop!

What: Understanding Financial Reports

When: Thursday, June 3,[masked]:00 AM

Messerli & Schadow, PLLP
6550 York Avenue South, #517 4th floor conference room
Edina, MN 55435

The majority of small business owners we encounter have never been shown how to read financial reports. Come and learn where all of that data comes from, what it all means, why financial reports are important, and how they can impact management decisions.

Time: 8:00-10:00 AM

This workshop is part of:
Effective Financial Management to Grow Your Business ? 4 Part Series

This seminar series, developed and presented by Will Bofenkamp, is intended for entrepreneurs who have limited or no financial background and will provide the skills necessary to understand their business financial reports, prepare plans for growth, and manage their company?s finances on a day-to-day basis. In addition, the entrepreneur will learn how to manage processes to improve productivity and increase profitability. This is a hands-on, practical course, related specifically to your business.

To help you assess whether this information will be relevant and useful to you, attending the first workshop will be free of charge with no obligation to continue.

If at the end of the first session, you choose to participate in the next 3 working sessions, you can enroll in the series for a total cost of $500. A special reduced price of $375 is given to clients of Fiscal Foundations.

Sessions 2, 3 & 4 are scheduled June 10th, June 17th and June 24th from 8:00 to 10:00 AM at the same location, with participants being given an assignment to complete before the next session. Several working groups may be scheduled as each working group will be limited to 10 participants.


Understanding Financial Terms and their impact on business operations: As a non-financial person you will be called upon to make decisions that will have an impact on your company?s financial stability and future. This session is designed to teach the participants the various components of financial reports, how they interact with one another and how management decisions affect the various financial reports.

? Balance Sheet
? Assets
? Liabilities
? Long Term versus short term
? Equity
? Income Statement
? Cash flow analysis
? Direct Expenses
? Indirect Expenses
? Cost of Sales
? Gross margin
? Tax credits
? Depreciation versus expense

The participant will prepare the sales and cost of sales portion of their company?s income statement if sales were to increase fifteen percent over the previous year?s sales. The model will include whole numbers and percentages.

Second Seminar

What every strong business leader knows is how to use your financial reports as a tool. This session is designed to provide the tools for developing a budget, determine the variables associated with increased sales and an understanding of how cash flow and the need for capital are projected.

? Costing and why it is necessary and what type is appropriate for your business
? Burden /overhead
? Budgeting
? Break even analysis
? Variance analysis
? Cash flow
? Ratio analysis
? Value added

The participant will prepare the expense portion of their company?s budget based upon the sales growth projected in the first session and the cost of each additional unit of sales.

Third Seminar

This seminar will teach the business owner how to prepare to meet with their banker and what investors and bankers are looking for. This session will provide the insight in how to prepare the financial portion of your business plan when seeking additional capital for growth.

? Basics for developing a business plan for growth
? Designing the financial portion of the business plan
? Ratio analysis
? Liquidity
? Debt coverage

The participant will prepare a pro forma balance sheet, income statement and cash flow analysis based on the results of their assignments from the first two sessions.

Fourth Seminar

This portion is designed to train business owners and managers how to develop and analyze process improvement and the deadly sins that are common to growing businesses.

? Metrics to manage by
? Business drivers
? Delegation of the department budgets
? Opportunity costs
? Financial mistakes that have short term benefit and long term consequences

Learn more here:

Our Sponsors

People in this
Meetup are also in:

Sign up

Meetup members, Log in

By clicking "Sign up" or "Sign up using Facebook", you confirm that you accept our Terms of Service & Privacy Policy