Understanding and managing cash flow in your business is critical to your success.
A balance sheet is often described as a snapshot of your financial situation at a single point in time. Think of it as the balance in your personal checking account. An income statement summarizes revenue, expenses, and net income for the entire year or another period of time. Both of these financial statements are important tools to measure the success of your business but do little to tell you where the cash actually went. Learn more about how cash truly moves through your business, how to prepare a cash flow budget, and how to identify ways to put your working capital to work to increase shareholder value.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview
- Net Income, Tax Income, and Cash Flow
- Tools to Manage Cash Flow
Cash Flow Financial Statement - What Is It?
- Compare Income Financial Statements to Operating Cash Flow
- Investing Cash Flows
- Financing Cash Flows
Cash Flow Budget - How to Prepare
- Gathering Historical Data
- Key Indicator Ratios
- Case Study - Applying Concepts
How to Use Cash Flow Budget for Improved Results
- Importance of Timing
- Managing Working Capital
- Managing Fixed Assets
- Managing Sources and Uses of Financing
- Improving Operating Results
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on December 15, 2021.
Call 1-866-352-9540 for further credit information.
- AIPB 1.0
- This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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- State Specific Credit Tracker
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