Financial Literacy and Capability Skills

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9-12pm

Friday, 27 June 2025

About the event

To make informed decisions, effectively manage resources, minimise risks, access capital and plan for the future, business owners require a foundational understanding of financial literacy and capability. In this workshop, you will gain a comprehensive understanding of business planning, including activity-based budgeting techniques, to set clear goals and strategies for your business’s future direction. 

You’ll also delve into the intricacies of financial management through the analysis of profit and loss statements, balance sheets, and cash flow forecasting. Explore the implementation of control systems with digitalised solutions, enabling you to monitor and manage critical aspects of your business for enhanced efficiency and precision. 

For this workshop, you will need to bring a laptop to complete activities.

This topic covers:

• Business planning concepts including activity-based budgeting
• Understanding profit and loss reports, balance sheets and cash flow forecasting
• Practical strategies to keep track of your business finances

This workshop is for business owners who struggle with their financial literacy and understanding their numbers.

This workshop will be presented by Clinton Cheng from Versatile Services Pty Ltd. Clinton is a Chartered Accountant, Chartered Financial Analyst and Chief Financial Officer with 20 years of experience in Financial Management. The facilitator of this topic, Elect Training and Consulting is a respected provider of workplace training and business skills.

This event is run by the Small Business Development Corporation, in collaboration with the City of Cockburn, for small businesses in the City of Cockburn only. 

Small Business Development Corporation

This workshop is available at no cost, thanks to funding from the State Government of Western Australia, through the Small Business Development Corporation (SBDC). The SBDC is a Western Australian Government agency that helps small business owners to start well, survive and thrive. SBDC offer free resources, business advice and low cost workshops covering what you need to know to boost your chance of business success. Turn to SBDC for free, practical support to help your small business journey run smoothly.

SBDC are committed to supporting all WA small business owners, including those with diverse needs. Their workshops are delivered in a variety of buildings, locations and formats. If you would like further information about accessing a particular workshop, please email [email protected], call 133 140, or visit smallbusiness.wa.gov.au