Financial Literacy and Capability Skills

Please note: this event is run by the Small Business Development Corporation for small business owners in Western Australia only.

To make informed decisions, effectively manage resources, minimise risks, access capital and plan for the future, business owners require a foundational understanding of financial literacy and capability. In this workshop, you will gain a comprehensive understanding of business planning, including activity-based budgeting techniques, to set clear goals and strategies for your business’s future direction. 

You’ll also delve into the intricacies of financial management through the analysis of profit and loss statements, balance sheets, and cash flow forecasting. Explore the implementation of control systems with digitalised solutions, enabling you to monitor and manage critical aspects of your business for enhanced efficiency and precision. 

For this workshop, you will need to bring a laptop to complete activities.

This topic covers:

• Business planning concepts including activity-based budgeting
• Understanding profit and loss reports, balance sheets and cash flow forecasting
• Practical strategies to keep track of your business finances

This workshop is for business owners who struggle with their financial literacy and understanding their numbers.

This workshop will be presented by Clinton Cheng from Versatile Services Pty Ltd. Clinton is a Chartered Accountant, Chartered Financial Analyst and Chief Financial Officer with 20 years of experience in Financial Management

The facilitator of this topic, Elect Training and Consulting is a respected provider of workplace training and business skills.

Important booking information

Bookings are limited to two tickets each, however you can make more than one booking. If you are booking for more than one person, please provide each person's email address so they receive our emails with important links and downloads.

To book for larger groups, please contact us on 133 140 or email workshops@smallbusiness.wa.gov.au

If you cannot attend, please cancel so your place can be made available to another business owner. You can cancel your booking from the update order button on your order confirmation email. Cancellations and refunds for paid workshops can be made up to 24 hours before the workshop starts.

Additional information for workshops

We are committed to supporting all WA small business owners, including those with diverse needs. Our workshops are delivered in a variety of buildings, locations and formats. If you would like further information about accessing a particular workshop, please email workshops@smallbusiness.wa.gov.au or call 133 140.