Fundamentals of Finance Workshop with SGV
Accounting for Non-Accountants
• Welcome and course overview
• Why Financial Accounting Matters for Startups: interactive session
• Discussing the importance of accounting for entrepreneurs, exploring how it impacts success, growth, and funding opportunities
• Understanding Financial Statements: Introduction to key financial statements (Balance Sheets, Income Statements, and Cash Flow Statements).
• Participants learn to interpret basic data points and understand their financial positions
Financial Stability
• Building Budgets and Managing Cash Flow: Budgeting basics, forecasting income and expenses, creating practical budgets for startup businesses
• Basics of Valuation: Key financial measures that drives a better valuation
• Making Informed Financial Decisions: Importance of data-driven decision making, key financial ratios and metrics for analyzing business performance
• Financing options outside venture capital and tips for preparing businesses for presenting financial information effectively i.e. loans
Tax and Cost Optimization
• Tax 101 - focus on VAT, WHT, and local taxes
• Government incentives available to start-ups