Mastering Critical Numbers

Gaining a solid understanding of business financial concepts and terminology is an important facet of business ownership and management. You do not have to be an accountant to comprehend the significant financial concepts that are the foundation of your organization. As a business owner, or an employee with budget responsibilities, having a firm working knowledge of the fundamentals of business accounting is critical.

In this two-part, six-hour workshop, we will cover all aspects of corporate finance including ROI, cash flow, economic indicators, NPV and converting a budget into accounts. We will then put those concepts to work with hands-on budget and financial exercises that will help you make more informed business decisions, analyze budgets with new focus and understand the true performance of your business.


Class 1 – Basic Budgets and Accounting

  • Key economic indicators
  • Basic Mathmatics: percentages, indices, decimal points, roots, powers, ratios and important calculations
  • The language of numbers: bottom line, ROI, added value, margin, break-even, costs versus expenses, liquidity, solvency
  • Interpreting numbers
  • Preparing a budget
  • Establishing a cash flow
  • Comparing actual versus budget
  • Converting a budget into accounts
  • How to analyze a set of financial accounts

Class 2 – Understanding Finance

  • Recap Class 1
  • Financial accounting vs. finance
  • The power and necessity of financial management
  • Basic market information: stocks, bonds and futures
  • Accounting statements and cash flow
  • Importance of financial structure
  • Impact of borrowing
  • Grasping the concept of NPV
  • Calculating risk and return
  • Understanding the Weighted Average Cost of Capital (WACC)
  • Investment decisions
  • Please bring a calculator capable of performing mathematical calculations
  • Please bring a notebook





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