Introduction to Accounting
Basic definition and and its importance in business.
Brief overview of key financial statements: Income Statement, Balance Sheet, and Cash Flow Statement.
When
01 March 2025
10:00am-2:30pm
Where
Glowbal Restaurant
590 W Georgia St, Vancouver
Avoid common tax mistakes that cost small business owners thousands each year.
Learn tax strategies that could potentially save you $5,000+ annually
Insights on where you could save and implement strategies
Provided By Glowbal Restaurant
Build meaningful connections, exchange ideas, and open doors to new career or business prospects.
EVENT WILL START IN
Topics covered
Many entrepreneurs may not have a background in accounting or finance. The workshop provides them with essential knowledge and skills to understand financial statements, manage cash flow, and make informed financial decisions crucial for business success.
By demystifying accounting concepts and terminology, the workshop empowers entrepreneurs to take control of their finances and make informed decisions autonomously. This builds confidence and resilience in navigating the financial aspects of entrepreneurship.
Understanding costs and expenses is vital for maintaining profitability. The workshop equips entrepreneurs with tools and techniques to analyze costs, optimize spending, and improve overall financial efficiency.
Understanding financial data enables entrepreneurs to make strategic decisions with confidence. They can assess the financial health of their business, identify areas for improvement, and allocate resources wisely to achieve their goals.
Understanding financial data enables entrepreneurs to make strategic decisions with confidence. They can assess the financial health of their business, identify areas for improvement, and allocate resources wisely to achieve their goals.
A solid grasp of accounting principles is essential for creating realistic business plans and forecasting future financial performance. Entrepreneurs can use this knowledge to set achievable goals, secure funding, and drive sustainable growth for their ventures.
Entrepreneurs need to comply with financial regulations and understand their tax obligations. The workshop educates them on important regulatory requirements, tax implications, and best practices for record-keeping to avoid compliance issues.
Entrepreneurs often need to communicate financial information to investors, partners, and other stakeholders. By attending the workshop, they learn how to effectively interpret and present financial data, fostering transparency and trust in their business relationships.
OUR SPEAKER
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30+ Years of Accounting Expertise: A seasoned professional with over three decades of experience in accounting and financial leadership.
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Industry Leadership: Held senior finance roles at renowned companies like Jim Pattison, Teck, Saputo, and Intrawest.
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Pioneering IT Projects: Successfully led pivotal IT projects at Intrawest and Boston Pizza, streamlining operations and enhancing efficiency.
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Experienced Educator: Former instructor at Vancouver Community College, sharing expertise with the next generation of professionals.
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Founder of Realtime CPA Inc.: Established in 2018, offering innovative cloud-based accounting solutions with real-time reporting and insights.
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SME Specialist: Expert in guiding small and medium-sized businesses through complex financial landscapes, helping them grow and achieve their goals.
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Passionate Advocate for Financial Literacy: Hosts workshops empowering business owners to make informed financial decisions.
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Featured on Darpan Magazine
Fundamentals of Accounting
The accounting equation (Assets = Liabilities + Equity).
Principles of double-entry bookkeeping (debits and credits).
Difference between cash basis and accrual basis accounting and when and why each method is used
Understanding the Financial statements
How to read and interpret an Income Statement (profit and loss account) — understanding revenues, expenses, and profits.
Analyzing the Balance Sheet — detailing assets, liabilities, and shareholder equity.
Introduction to the Cash Flow Statement — understanding cash inflows and outflows, and its importance.
Practical Accounting skills: Financial Analysis and Ratios
Basic budgeting: how to prepare a simple budget.
Introduction to financial planning and forecasting.
introduction to key financial ratios (like liquidity ratios, profitability ratios, and debt ratios).
How to use these ratios to assess the health and performance of a business.
Tax Basics:
Overview of tax obligations for individuals and businesses.
Understanding common tax forms and filings.
Ethical Practices and Compliance
Importance of ethics in accounting.
Overview of compliance and regulatory requirements in accounting.
Wrap up and practical tips
Key takeaways to remember.
Practical advice on how to apply these accounting basics in everyday work or personal finance.
Register
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Venue location
Glowbal Restaurant (Gold Room)
Event sponsored by GLOWBAL
Interested in becoming a sponsor? Get in touch
Contact us
connect@realtimecpa.ca
590 West Georgia Street Vancouver, BC V6E 1A3
604-360-8603