TTU SBDC Accounting 101

Description

Date: 6/20/2023 6:30 pm Status: Open - 35 places remaining Registration Deadline: 6/20/2023 12:00 PM (CDT) Fees: Full Fee Amount $20.00 Registration Policies Point of Contact: Becky Castilleja (806) 745-1637 Location: 5001 W Loop 289, Lubbock TX 79414-1614 Training Topics: Accounting/Budget Description: Please read all instructions. This is a standalone workshop. We will discuss basic accounting principles that every small business owner should know. Entity Concept What is double entry accounting? o Cash vs Accrual, why should you care? Understanding financial statements o What is a balance sheet and how do you read it? o What kind of important elements can you find on a balance sheet? o Spotting bookkeeping errors on a balance sheet What is an Income Statement (Profit & Loss Statement)? o Various kinds of profit and loss statement details o What items should NOT appear on profit and loss statements? o Profit vs Cash What is a cash flow statement and how can it help your business? THIS WORKSHOP IS PROVIDED AT A $20 CHARGE TO LOCAL SMALL BUSINESSES. No refunds after the registration deadline. REGISTRATION DEADLINE: June 20 at 12pm. DUE TO LIMITED SEATING PRIOR REGISTRATION IS REQUIRED IMPORTANT: a minimum of 5 registrants is required to hold this workshop. If we do not have enough registrants by the registration deadline to hold this workshop, we will contact you the morning of the workshop to inform you and offer you to sign up for the next available workshop. Instructions: After you register for this workshop with the SBDC we will send you a confirmation email.