[Social] BDO Masterclass: Know Your Numbers

  • November 17, 2024
When:
February 5, 2025 @ 9:30 am – 11:30 am Australia/Sydney Timezone
2025-02-05T09:30:00+11:00
2025-02-05T11:30:00+11:00
[Social] BDO Masterclass: Know Your Numbers
Dear Oxbridge Partners and Affiliates,

We are excited to share that Oxbridge members have been invited by BDO—one of the world’s largest accounting firms—and the Brisbane City Council to attend a complimentary financial literacy masterclass. As independent business owners, it is essential for Oxbridge members to develop a strong foundation in financial literacy.

EVENT DETAILS
Date and Time: Wednesday, 5 Feb 2025 9:30 AM – 11:30 AM AEST
Location: 260 Queen Street #Level 4 Brisbane City, QLD 4000
Support: support@oxbridge.com.au

There is a clear connection between financial literacy and business success. Your ability to interpret financial data directly impacts your growth trajectory, borrowing potential, and relationships with lenders and investors. Understanding your financial position allows you to make informed decisions and assess the impact of every choice on your business.

Empower yourself to read and interpret financial reports effectively and become a business owner who leverages financial knowledge to drive success.

Key Questions to Consider:

  • Can you explain the difference between gross profit and net profit?
  • Are you clear on which expenses should be allocated to cost of goods sold?
  • Do you understand the relationship between your Profit and Loss Statement and Balance Sheet?

This masterclass is designed for anyone seeking to enhance their financial literacy and gain a comprehensive understanding of key accounting principles and financial reporting.

Workshop Highlights:

  • Evaluate your current level of financial literacy.
  • Identify financial challenges and explore strategies to address them.
  • Understand the structure of a Profit and Loss Statement.
  • Learn how to allocate expenses correctly to Cost of Goods Sold.
  • Discover the three essential report layouts every business owner needs.
  • Understand the components of a Balance Sheet.

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