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

Understanding your business’s financial statements is the key to understanding your business's performance. This level of financial literacy can help business owners make informed decisions, leading the business to greater levels of success and profitability. This workshop will focus on reading financial statements, identifying and examining your business performance.

You will learn to:

Identify trends in financial statements
Calculate key metrics of profitability
Explore liquidity ratios
Practice talking about business performance
Understanding the relationship between your cash flow, balance sheet, and profit and loss statements.
Ensure your understanding of accounting underpins how you think about business.

Let's Talk Business Analysis uses the Colour Accounting Learning System as licensed by Wealthvox.

This topic covers:

Navigating financial statements
Identifying trends and linkages within your accounts
Applying metrics and ratios to enhance your analytical skills
Reviewing financial statements to understand your business performance
Detecting inconsistencies and knowing what questions to ask your accountant/bookkeeper.

This workshop is for established business owners, leaders and managers from a non-financial background who have experience reviewing their accounts and would like to further develop their skills in analysing their financial statements. This workshop is targeted at participants with an intermediate level of accounting knowledge or those who have previously attended the Understanding Business Financials or Let’s Talk Finance workshops.

Please bring a calculator, pen, and notepad to your workshop session. Online attendees will need to print the materials prior to the workshop commencing.

The facilitator of this topic DHM Coaching and Consulting helps business owners make better informed decisions by building their understanding and confidence around the financials of their business. Debbie Millard has a reputation for being able to explain accounting concepts in plain language making it easier to understand by those with a non-finance background.

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.