We kicked off the 2021 Skills Webinar series with Financial Foundations for your Business with Kylea Martin
Accounting uses financial information from the past to make decisions in the present to change the future. Sounds simple, right?
In this webinar, we discussed the three key types of accounting—bookkeeping, financial and management accounting—and explain the links between accounting, decision-making, business performance, and financial health.
When starting out a small business, many small-business owners find financial reporting daunting. In this webinar, we discussed the key financial reports you need to understand to run your business effectively. Trying to determine which reports are important and how to read these financial reports can be confusing, this webinar will take the confusion away.
Kylea shared with us:
- How to differentiate between the three key areas of accounting: bookkeeping, financial accounting and management accounting
- How to understand the key Business Reports: Profit & Loss, Balance Sheet, Statement of Cash Flows
- And explain the links between accounting, decision-making, business performance, and financial health
