This session will also be available for On-Demand CPE credit on August 15.
Accounting departments are often considered to be a “cost center” or “overhead.” What if they were instead thought of as “value-added” or even a “profit center?" Effective budgeting, projections, and cash management are the keys. This presentation covers the accounting cycle, from a budget to monthly statements to updated projections, with a focus on the balance sheet — particularly cash — and includes lessons learned from dozens of contractors regarding things that can go right and wrong.
Explain the difference between budgets, projections, the income statement, balance sheet, and cash forecasts and why they are important
Identify techniques to maximize cash flow and profit for your company or clients
Identify financial ratios that can help management assess the financial health of the organization