Accounting workshop for business owners and managers
This is a half-day workshop with a maximum of seven attendees, held in Brisbane every month. Book now to register your interest in our next course.
Workshop details
This course is ideal for business owners and business managers who have no formal accounting background.
If you are you one of those people who think MYOB is just a way to do the record keeping, print invoices, prepare the monthly BAS, and help prepare the tax return, then you are probably one of the many business owners who aren’t making the most of their record keeping system to properly manage your business!
What should a business owner be doing?
As a business owner or manager you should be regularly reviewing your business’ financial position. This includes being able to read a profit and loss report, balance sheet and cashflow report. All of these are available from MYOB software.
You need to be able to analyse Sales, Cost of Sales, Gross Profit, Overheads, net Profit, Debtors and Creditors days, and your cashflow. Not just for your total business but for each individual segment being a product or service line, department, team, etc.
Contents
Financial overview | Profit and loss reports Ledgers and profit centres Balance sheet Statement of cash flows Written financial narratives Flash reports Profit changes / trend analysis Financial data interpretation | |
Liquidity and solvency | Working capital Current ratio Quick (acid test) ratio Accounts payable | |
Accounts receivable | Debt recovery policies Debtor trade restrictions | |
Capital | Profit and Loss Breakeven analysis Unit (product / service) margin | |
Fraud and theft controls | Internal controls High-risk areas | |
Benchmarks | Industry benchmarks Results vs. previous financial period Sales vs. industry benchmarks Marketing ROI Budgets and forecasting | |
Budgets | What if” scenarios Budget variance reports Budget recasts Rolling forecasts Cash flow forecasts |