Understand how cash truly moves through your business, how to prepare a cash flow budget, and how to identify ways to improve your working capital.
A balance sheet is described as a snapshot of your financial statement at a single point in time. An income statement will summarize the revenue, expenses, and net income for a certain time period. These are valuable tools to measure the performance of your business but lack the detail to exactly understand what happened to all your cash during the same time. Understanding and managing the cash flow in your business is critical to your success. You will learn in this course how cash moves through your organization, how to prepare a valuable cash flow budget, and identify strategies to improve your working capital.
Agenda
Faculty
Theran J. Welsh, CPA
Playmaker, LLC
- Playmaker, LLC
- Focus is on helping contractors create shareholder value by understanding their cost structure to bid and win profitable work and ensure their tax structure is a model to support a sustainable organization
- He spends time with contractors to identify options for revenue reporting to reduce tax liability and identify industry-specific tax strategies to reduce tax liability, with the end goal of creating shareholder value
- His experience will help executives of construction companies identify the key performance measurements to pursue profitable work to sustain their organization
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