Session 2: Decode Financial Statements and Strengthen Cash Flow

Overview: Build financial fluency to manage your firm’s finances with confidence and accuracy.

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Key Takeaways:

• Income Statements:

  • Differentiate between accrual and cash accounting methods.

  • Align project costs with revenue to maintain financial accuracy and profitability.

  • Accurately project future income to inform hiring, investments, and other strategic initiatives.

• Cash Flow:

  • Manage Accounts Receivable (AR) to improve client management practices.

  • Optimize Accounts Payable (AP) vendor/supplier management.

  • Implement strategies for improved cash flow and long-term financial stability.