Financial Education: Know Your Numbers

Empower yourself with knowledge, improve your financial literacy, gain a deeper understanding of accounting principles and financial reports

For business owners, financial literacy is a critical skill. If you understand your numbers, it is easier to make informed, strategic decisions that result in financial stability and sustained business growth. Understanding your numbers will ensure you are aware of the financial impact of every business decision you make.

This masterclass suits anyone looking to improve their financial literacy and gain a deeper understanding of accounting principles and financial reports.

Key takeaways from this workshop include:

• Determine your current level of financial literacy

• Identify financial challenges and discuss strategies to overcome them

• Understand the structure of a Profit and Loss Statement

• Identify Cost of Goods Sold to ensure your Gross Profit is correct

• Discuss the three report layouts every business owner needs

• Understand the structure of a Balance Sheet

TARGET AUDIENCE

This workshop would be ideal for:

• Business owners looking to improve their financial knowledge

• Owners of startups, small businesses and large organisations

• General managers, key operational personnel or financial managers

• Managers responsible for analysing financials or setting budgets

• Financial decision-makers who want more confidence

PRESENTER

Craig Mitchell, Partner, Business Services at BDO

Craig is a Partner in the Business Services team at BDO in Brisbane who provides accounting, taxation, and business advisory services to privately owned and family businesses. With over 20 years of experience as a trusted advisor in the accounting profession, Craig brings extensive experience and a client-first approach to providing tailored business advisory solutions that empower clients to help improve their business performance and achieve their goals across all stages of a business lifecycle.

Craig has experience with businesses in a wide range of industries, with a strong passion for family business. He is also part of the BDO Real Estate & Construction sector team, with a particular interest in construction business and QBCC compliance matters.

In addition to providing accounting, taxation, and business advisory services to clients, Craig is a passionate Financial Educator who leads the delivery of financial literacy programs that help business leaders to understand the key financial drivers for improving their business performance and provide a strategic framework for business and personal growth.

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