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 Money
is the lifeline of your business. Finding it,managing and making it
is one of the most critical aspects of starting and successfully running
a business. In this section you'll learn how to prepare a cash budget,
prepare a balance sheet, analyze ratios, create a cash flow statement
and analyze profitability.
By accessing the following multimedia courses, small business owners
and employees can improve their skills at their own pace.
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- Preparing
a Balance Sheet
With a properly prepared balance sheet, you can look at a balance
sheet at the end of each accounting period and know if your business
has more or less value, if your debts are higher or lower, and if
your working capital is higher or lower. This workshop shows you to
prepare a statement and provides you with a template to prepare your
own.
- Managing
Your Cash Flow
This workshop provides a detailed look into the various sections of
a cash flow statement. It also describes two methods used to calculate
cash flow from operating activities, indirect and direct with examples
that will give you an edge when it comes time to prepare a cash flow
statement of your own. This workshop shows you to prepare a statement
and provides you with a template to prepare your own.
- Running
a Profitable Company
This workshop provides some simple profitability ratios and analytical
procedures that can help determine your company's present and future
financial standing. With your findings, you can identify company trends
and compare current figures to your business's historical performance.
Once this essential data is in hand, you will be able to evaluate
your business in relation to your competition and industry norms.
- Creating
a Profit and Loss Statement
Ask yourself: Exactly how are my products and services affecting my
business? How much money am I actually making because of those products
and services? An income statement answers these and other financial
questions. An income statement tells you and any stockholders how
your net assets have increased or decreased. This workshop shows you
to prepare a statement and provides you with a template to prepare
your own.
- Analyzing
Your Financial Ratios
To complete a thorough examination of your company's effectiveness,
you'll want to look at more than just easily attainable numbers like
sales, profits, and total assets. You'll want to be able to read between
the lines of your financial statements and make the seemingly inconsequential
numbers accessible and comprehensible. This workshop shows you how
to analyze financial ratios and what the ratios mean.
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