You are a businessperson, not an accountant. But your accountant and banker talk to you in riddles and jargon. You aren't going to become an accountant in this workshop but you will know the difference between assets and liabilities, the impact of negative working capital, leverage and debt support ratios, and the importance of cash flow forecasts instead of budgets.
Most business people cannot meaningfully read a balance sheet. Most people look at the revenue and profit lines and consider their job done; ignoring a wealth of information at hand. Stats Canada collects information on businesses by industry that can act as a guideline and baseline for analyzing your business.
3 types of financial statements - Profit and Loss, Balance Sheet, cash flow forecast - and how they can help you manage your business.
1-604-289-4222
information@communityfutures.ca
