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Applications for the Growth Learning Pathway is opening soon! Don’t wait to apply; spots are limited! To learn more, click here!
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Applications for the Growth Learning Pathway is opening soon! Don’t wait to apply; spots are limited! To learn more, click here!
The information and media below are for Financial Learning Pathway participants only. The content is available to everyone through our on-demand service; please do not share the link.
Note that this course cannot be repeated, so please ensure this is the right time for you to take this course. You will need to dedicate 1.5-3 hours each week to attending bi-weekly working groups and preparing for these working groups.
Please watch Session 1 (six modules): Annual Profit and Loss (P&L) Statement; Trailing Twelve Month (TTM) P&L, and complete the enclosed homework assignment. This will prepare you for the upcoming live, online Working Group session happening May 2. Allow yourself 1.5-3 hours to prepare for the upcoming Working Group session.
We all know that the Annual Profit and Loss (P&L) Statement is helpful in reporting taxable income for the government. But does it give us enough information to manage a business effectively?
Adjusting financial reporting processes can optimize a business. In this session, we explore:
Please watch Session 2 (four modules): Chart of Accounts (COA), Cost of Goods Sold (COGS) and Gross Margin (GM), and complete the enclosed homework assignment. This will prepare you for the upcoming live, online Working Group session happening May 16. Allow yourself 1.5-3 hours to prepare for the upcoming Working Group session.
A detailed Chart of Accounts (COA) allows tracking where money comes in and goes out within a given reporting period. Cost of Goods Sold (COGS) and Gross Margin (GM) are crucial in financial reporting.
In this session, we explore:
Please watch the Session 3 (three modules + synopsis): Sales Channel Analysis; Gross Margin by Revenue Channel; Gross Margin Calculations, and complete the enclosed homework assignment. This will prepare you for the upcoming live, online Working Group session happening May 30. Allow yourself 1.5-3 hours to prepare for the upcoming Working Group session.
When we look at a Profit and Loss Statement, we often focus on the revenue listed at the top and the profit listed at the bottom. But what about the data in between? To make data-driven decisions for a business, we need to pay close attention to Gross Margin and Gross Margin per revenue channel.
In this session, we explore:
Please watch Session 4 (two modules): Pro Forma vs TTM and Break-Even Analysis, and complete the enclosed homework assignment. This will prepare you for the upcoming live, online Working Group session happening June 13. Allow yourself 1.5-3 hours to prepare for the upcoming Working Group session.
The TTM is an invaluable accounting tool that allows us to look back and spot trends over time. However, to scale a business up or down through any market condition and survive, we must look forward and plan accordingly. A Pro Forma, also generated monthly, allows us to forecast how the business is likely to perform in the future by projecting the potential financial impact of hypothetical strategies. A Pro Forma empowers us to justify the decisions we make in our business.
In this session, we explore:
Please watch Session 5 (three modules): Gross Margin and Profit Margin Consistency; Three Ways to Affect Profitability; Using the Break-Even Formula, and complete the enclosed homework assignment. This will prepare you for the upcoming live, online Working Group session happening June 27. Allow yourself 1.5-3 hours to prepare for the upcoming Working Group session.
To create a reliable Pro Forma, the TTM needs to be solid first so we can see trends over time. To do this, we must understand that the profit margin results from the intersection between factors we can control: revenue, gross margin, and expenses.
In this session, we explore:
