Financial statement analysis workshops on January 19 and 21
The PEI Business Women's Association (PEIBWA) will kick-start 2010 by hosting a workshop to assist business owners to optimize their companies' financial performance.
PEIBWA is partnering with ProfitLearn PEI to offer a workshop called 'Financial Statement Analysis for Small Business.' The session will strengthen the ability of the small business community to understand and apply business financial statements. This will be held on Tuesday, January 19, at the Best Western Charlottetown, from 1:30-4:30 p.m. The workshop will also be held at the Alberton Business Centre on January 21, from 1:30-4:30 p.m.
PEIBWA executive director Melody Beck says, "Understanding how to use the information in financial statements will assist business owners in the proper management of their businesses and increase their chances of success."
Trainer Lloyd Compton, CA, from MRSB Chartered Accountants, will lead a discussion about using financial statements to better gauge the present financial performance of a company, and to project and plan for future financing needs.
"Day-to-day operations take up a considerable amount of time and energy of most business owners, however, business operators must recognize that they can't ignore their financial statements," says Compton. "Sound analysis of these reports will help determine a firm's financial position at a point in time and over a period of time; they can be used to identify problems and the necessary corrective action. We will discuss the flow of financial information required to make informed, intelligent decisions affecting operations."
Anyone wishing to register for this workshop is encouraged to contact Paula Laybolt, PEIBWA, at office@peibwa.org or (902) 892-6040. Cost is $50 (plus GST). Registration deadline is Thursday, January 14, at noon.
ProfitLearn PEI, a provider of business training for owner managers, is supported through a partnership between the Atlantic Canada Opportunities Agency, Prince Edward Island Business Development and the University of Prince Edward Island. More information can be obtained by contacting ProfitLearn PEI.
