Understanding and managing the 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 other 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 identify ways to put your working capital to work and increase shareholder value.
Learning Objectives
- You will be able to identify the various methods of preparing a Cash Flow Statement.
- You will be able to recognize best practices when managing cash.
- You will be able to differentiate between the three major Cash Flow Statement classifications.
- You will be able to identify which transactions impact which classification of the Cash Flow Statement.
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Why Lorman?
Over 38 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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Why Lorman?
Over 38 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 reviewed on November 15, 2023.
Call 1-866-352-9540 for further credit information.
No Credit AvailableThis program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 38 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 38 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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