Are you looking at your financial statements and wondering what they are trying to tell you? Do you want to have better control over your business finances? If you are ready to increase your financial skills, this series is for you.  

BDCC’s business finance workshops will provide a deeper understanding of financial statements, financial ratios, and how to build forecasts and budgets. The workshops are part of BDCC’s continued commitment to supporting the region’s businesses and entrepreneurs. The Financial Acumen Workshop is a combination of Online-Zoom sessions and pre-recorded sessions. Register for the online session and get free access to the pre-recorded workshops after completing the three pre-requisites.

Register HERE – maximum capacity of 30 participants.

This new series builds on financial workshops organized by BDCC in 2021 which covered the basic concepts of the financial statements, budgeting, and contingency planning. Just like the “Financial Foundation and Budgeting” workshop, these workshops are part of the “Foundations in Entrepreneurship and Small Business Development” offered by the BDCC Business Services Team and will be facilitated by Eyad Salha, BDCC’s Business Technical Assistance Provider.

2022 SMALL BUSINESS FINANCIAL ACUMEN WORKSHOP SERIES SCHEDULE

March 24^th, 2022 – Income Statements (Profit & Loss)

– Workshop will include:

• Identify Direct and Indirect Expenses
• Identify Variable, Fixed, and Mixed Costs
• Calculate Gross Margin, Operating Margin, Net Margin
• Cost-Volume-Profit Analysis

April 19^th, 2022 – Balance Sheets

–  Workshop will include:

• Assets & Liabilities
• Calculate Depreciation Using Different Methods
• Inventory Recording Methods
• Calculate Efficiency and Leverage Ratios

June 23^rd, 2022 – What are investors and bankers looking at when they assess your business?

– Workshop will include:

• Guest Speaker
• ROI, Working Capital Turnover Ratio, Funding Gap Formula
• Business Planning