The ability to understand the financial health of a company is one of the most vital skills for entrepreneurs. Armed with this knowledge, investors can better identify promising opportunities while avoiding undue risk and professionals of all levels can make more strategic business decisions. The success of your startup is based on efficient budget management, balancing the books, and modifying financial strategies when needed. Accounting helps an entrepreneur predict trends, aid credit score and spot inefficiencies. 

Financial statements offer a window into the health of a company, which can be difficult to gauge using other means. If you are new to the world of financial statements, we have just the right information for you to help understand them better.

Key Takeaways:

1. The 3 Essential Accounting Assumptions - Consistency, Accrual & Going Concern

2. The 3 Principal Statements - Income Statement, Balance Sheet & Cashflow Statement

3. Income Statement 

  a. Sales/Revenues Vs GMV

  b. Profit Margins - Gross, Operating, EBITDA, Net

4. Balance Sheet

  a. Current Vs Non-Current Assets & Liabilities

  b. Working Capital

  c. Capital Structure & Net Debt

5. Cashflow Statement 

  a. Operating Cashflow Vs Financing Cashflow

6. Basic Ratios

  a. Current Ratios, Leverage, RoI/RoE, IRR, NPV

Join us for this Mentorship Workshop led by our very own TiE Dubai Charter Member Sashikanth Ramakrishnan as he walks us through the importance, basics and how to's of Accountancy based on his experience and expertise of Accountancy in the GCC