Basic Budgeting for Busy Busy Owners
Every business needs good numbers. Learn to understand what a good budget is by understanding the basics of managing your money.
Level : Beginner
Tuesday, 18 August 2020
WA: 9:00 AM to 10:00 AM (AWST)
NT: 10:30 AM to 11:30 AM (ACST)
QLD: 11:00 AM to 12:00 PM (AEST)
Finance and accounting are at the heart of every business. Even if your role in your business isn’t directly related to finance, your activities may still have financial implications. This webinar explains the basics of finance for non-finance professionals, and covers key accounting and finance essentials and concepts: the basic accounting equation, accrual-based accounting, and basic accounting principles. It explores business finance, including how business transactions affect financial statements and the bottom line. You’ll walk through the four-step accounting process, and you’ll learn the fundamental principles of cash flow management and the four types of financial risk.
We’ll also look at the most basic of all finance tasks; the budget. You’ll learn to identify the characteristics of an effective budget, the stages in planning one, and how to distinguish between budget types. You’ll also explore budgeting concepts and techniques such as historical and zero-based budgeting, variance analysis, capital budgeting, and performing budgeting calculations.
In this webinar, you’ll learn:
- The basics of finance for small business owners
- The basic of budgeting for small business owners
- The basic accounting equations you need to know
- The must-know budgeting concepts and techniques
This workshop is brought to you by Business Station and AusIndustry under the ASBAS Digital Solutions Program
ABOUT THE PRESENTER
Dante St James is a sought-after digital trainer and coach due to his work with Facebook Australia, Google’s Digital Springboard program and various Australian Government programs including ASBAS Digital Solutions, BeConnected and Stay Smart Online.
But Dante is also a small business owner himself, having built his own digital agency and startup support network in regional Australia. After facing business failure in the past, he was careful this time to involve bookkeepers and accountants early on in his business journey – as well as making sure that he understood the key concepts of what those roles are performed, and how he could ensure that he would always be aware of what was happening financially.
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