Community Calendar

Read 'em and Smile - Making Sense of Financial Statements: A Primer for Small Business Owners and Managers

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The fundamentals of accounting and financial reports are often elusive to many small business owners and managers. And yet an understanding of how financial reports are developed, what they mean and how they can be used to improve business results is critical to small business success.

In this three part series, Maine Small Business Development Center Certified Master Business Counselor, Bradshaw Swanson, will explain the basics of accounting and how financial reports are generated, what they mean and how they can be used to understand where you've been and project where you want to go, financially, in your small business.

A three part series. Fees: Southern Midcoast Maine Chamber or Brunswick Downtown Association member $20/seminar or $50/series | Non-members $30/seminar or $75/series

April 4, 2013 Session 1: The Accounting and Financial Reporting System

Accurate, complete and up to date financial transaction data is the bed rock of financial reporting and management. But how does the accounting system work and why is it so important? In this, the first of three workshops, participants will be introduced to the fundamentals of the basic accounting system, concepts and vocabulary. Methods for capturing, reporting and utilizing accounting information will be introduced and participants will have an opportunity to practice their new understanding through an interactive case study or two.

April 11, 2013 Session 2: The Income Statement, Balance Sheet and Cash Flow

Financial reports are written in the language of finance and accounting. Building on the first session, participants will learn to generate, read and understand just what each of these three important financial statements is telling them about their business financial performance, financial position and cash flow. Examples will be given and case studies utilized to enhance comprehension.

Arpil 18, 2013 Session 3: Financial Management-putting it all together.

In the final workshop of the series, participants will bore down deeper into what they have learned to analyze real world business situations and project financial outcomes. new financial management tools such as common sizing and break even analysis will be introduced to enhance participants' ability to manage their financial decisions.

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