This comprehensive 4-week program is designed to emphasize the critical importance of effective financial management in achieving sustainable business success. Throughout the sessions, participants will gain invaluable insights into the intricate workings of financial management, equipping them with the knowledge and skills necessary to navigate and optimize their business's financial landscape. Join us as we explore the multifaceted aspects of financial management and unlock a wealth of invaluable knowledge essential for business prosperity!
Module Four: Financial Reporting, Analysis, and Budgeting (Online)
In Module Four, we consolidate the essential aspects of financial reporting, analysis, and budgeting to provide you with a comprehensive understanding of your company's financial health and strategic planning processes.
Presentation and Module Content:
- Trinity Reports: Learn to create comprehensive reports using both Accrual and Cash basis accounting methods.
- Profit Loss Report: Understand how to interpret and analyze profit and loss statements to gauge business performance.
- Balance Sheet: Gain insights into the financial health of your company through a detailed examination of balance sheets.
- Statement of Cash Flow: Master the art of cash flow analysis to ensure liquidity and financial stability.
- Accounts Receivable and Accounts Payable Reports: Explore reports detailing current assets and liabilities, including receivables, payables, loans, and other financial obligations.
- Review of Year-To-Date Financial Reports: Analyze your company's performance against industry benchmarks to identify strengths and areas for improvement.
- Projections and Expense Management: Utilize historical data to compile accurate projections and expenses, ensuring informed decision-making.
- Adjusting Projections: Learn strategies to adapt projections and expenses dynamically to changing market conditions and business needs.
Module Four Assignments:
- Homework Assignment: Apply your newfound knowledge by completing practical exercises tailored to reinforce your understanding.
- Post-Module Survey: Provide feedback on your learning experience and help us enhance the program further.
- Schedule Consultation: Schedule a personalized consultation with our subject matter experts to review your homework assignments and address any questions or concerns.
This event is made possible by The Texas Women's Foundation.
