Financial Foundation – Session 2

Hosted by: Denise MacDonald and Steve Fisher

A detailed Chart of Accounts (COA) allows for tracking where money comes in and goes out within a given reporting period. Cost of Goods Sold (COGS) and Gross Margin (GM) are key in financial reporting.

In this session, we explore:

What is COGS, and why is it important to include it in a P & L statement?
Why is Gross Margin one of the most important numbers to have on a P & L statement?
How and why do we lay out revenue centres to correlate with COGS?
How do we lay out the Point of Sale (POS) for the Chart of Accounts (COA)?

Seminar 2 Powerpoint

Seminar 2 Spreadsheet

Watch Session 3

Take the next step.

Get Started

I really enjoyed this series; it's very obvious that the instructor knows what he is talking about, and he explains everything in a way that is easy to understand. There is a lot of information, but it is delivered in a manner that makes it easy to absorb and apply.

I really appreciated how concisely the subject was summarized—excellent use of time to provide overall context on the subject.

Thank you so much for making these webinars. I love them. The recordings are very valuable as I can't always make the scheduled 'air time.'

My advisor gave me some great advice about getting my story on my website and into my products.

I learned so much from My Advisor and appreciated the accountability and the homework. It really keeps me on track!

We liked our Advisor very much and appreciated his calm, confident manner.

;