Ultimquest Knowledge

UltimQuest is offering a one day workshop presenting the most important accounting and financial management concepts and tools for business owners to apply.

We have delivered courses to organizations such as the provincial CPA bodies across Canada and in Bermuda, Ontario Treasury Board, Cancer Care Ontario, Ontario School boards, Municipal Internal Auditors Association, BDC Scarborough Office, TAB Mississauga, Investors Group and United Way Toronto. Participants have constantly evaluated courses very highly and our courses have shared ideas to help participants make better financial decisions and improve their bottom lines.

What You Will Gain by Attending

1. Improve your bottom line by:

• Understanding financial statements and making sound decisions.
• Protecting your business from theft and fraud.
• Understanding the financial implications of business decisions and making better decisions.
• Making better risk evaluations and avoiding getting into losing propositions.
  
  

2. Avoid business failures due to incorrect pricing, over buying, over trading, expanding too quickly or running out of cash.

3. Improve the value of your business over time by increasing margins and reducing costs.

Why we offer this session 

We have seen Canadian businesses fail due to lack of financial know how. We are observing increased incidence in fraud and theft over the years. We are confident that by presenting financial tools in plain language, Canadian business owners will make better financial decisions and improve their bottom lines.

Course Description and Target Audience 

This workshop presents the most important accounting and financial management concepts and tools for use by business owners. You will learn and apply these concepts and tools to real business situations. We can customize the course content to reflect what is most important in your industry and operations.

The target audience is business owners and leaders who do not have formal training in accounting and finance (Bachelor of Commerce or MBA degrees). This course will also benefit business leaders who wish to improve their financial literacy by participating in a hands-on workshop using plain language communication. 

Topics Covered

We start by exploring what business owners need to know about bookkeeping and accounting.  Then we consider how to prevent fraud through a system of internal control. We review financial statements and what they indicate about financial position and performance. You will perform financial analyses including ratio analysis to draw meaning from reading financial statements.

Then you will consider financial management tools, such as preparing an operating budget, forecasting, calculating return on investment, preparing a break even analysis and cash management. We will look at developing and using key performance indicators (KPI) for your business. We will also explain how Canadian banks evaluate loan applications and discuss other sources of funds.

We are able to customize to suit your needs – we can change the length and customize topics as required. Contact us directly for pricing information.