Virtual Group Training

This training is designed for a minimum of 3 business owners, and a maximum of 5.

Duration – 6 hours on a zoom call, which involves 2 hour sessions, over a three day period, at the convenience of the business owners.

Topics to be covered are as follows:

1. Accrual Concept

2. The Types of Accounts

3. Inventory Management

4. Accounts Payable Management

5. Accounts Receivable Management

6. Tracking of all Income

7. Computation of Gross Margin/Product

8. Tracking of all Expenses

9. Loan Repayment Schedule

10. Capital Contribution Schedule

11. Fixed Assets Schedule

12. Using the Profit & Loss Account as a Simple Budgeting Tool

13. Salary Schedule (with Computations of Personal Income Tax and Pension Contribution)

14. Understanding the Workings of the Profit & Loss Account

15. Understanding the Workings of the Balance Sheet

16. Understanding the Workings of the Cash Flow Statement

17. Accounting Ratios and their Significance in Making Business Decisions