Reading and understanding financial information is one of the most important tasks of a business owner.  However, for most business owners, the accounting and financial aspect of the business is not their background and learning financial fluency is a necessity in today’s marketplace.  

        This session organized into a two part series provides:

            
insight into financial statements and practical ways to use this information to identify the areas of the business that are flourishing and the areas that require improvement,
discussions on key areas of financial statements that determine if fraud is a factor in the business,
insight into cash requirements and what budgeting is required, and
identification of immediate business strategies to increase revenues and decrease expenditures.

            Meet Your Facilitator:

Annette  is a partner in MNP’s Saskatoon office. Partnering and working with companies in all stages of their business cycle for almost 19 years, Annette helps to support and strengthen their leadership. Over her career Annette has worked with a number of businesses with a focus to helping clients understand not just their historical financial information but what the information is telling them from a forward-looking perspective.  


        
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Financial statements provide farmers with insight into the financial position and performance of farm business. Accurate records and financial statements are the foundation material required to analyze the financial condition and trends of your operation and can be benchmarked against other similar operations. This webinar is designed to help you better understand key concepts in financial statements and focusses on cashflow, debt, equity, profit and taxes.
 
        In this session, you will learn:
            
            
The purpose of a balance sheet;
How to use the income statement to determine how your farm is performing;
How money flows through a farm; and
How debt and equity are measured.

            Meet Your Facilitator:

Evan Shout has been a business advisor with MNP since January of 2006 with a specialty in large scale agriculture primary producer grain operations.  He obtained his chartered accountant designation in November of 2006 and practices as a general practitioner in the Saskatoon MNP office.  His accounting specialties include assurance, taxation and general farm advisory services with a client base across the province of Saskatchewan.  In addition to his career in accounting, Evan also was the owner/operator of a grain farm operation in Allan, Saskatchewan until January of 2014.


        
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As businesses start out, you need to understand the importance of creating a Board of Directors, as well as tips to effectively form this important governance role over your business.   

        Learnings of this session explore:

            
the role of a Board of Directors,
the board's duties and responsibilities,
liabilities and protection for directors,
assessing Board performance, and
best practices in the area of Board effectiveness.
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