Join Bob Clark, licensed CPA and founder of RWC Business Services, as he shares practical accounting skills for the small/family business. This class is geared towards entrepreneurial-minded families without accounting backgrounds, who either already have, or are considering a small business.
Course Title: Accounting for the Small/Family Business
Dates: Beginning Thurs, September 29th - Thurs, November 15th, 6:30 pm-7:30 pm CT, this class runs for 6 weeks.
Goal: To develop confident accounting skills needed for the small/family business.
Cost: $65 for the entire 6-week course. Your one-time payment of $65 entitles you, and all immediate family members living in your home to benefit.
Early Bird Discount: If you sign up by Friday, September15th at 12 midnight, save $10 off the price and pay only $55! That’s a cost of just $9.16 per class!
Structure: Each class will begin with a short review of the previous topic, followed by a new lesson. E-mailed questions will be addressed as they fit into the various accounting topics, so that each listener can better apply the concepts to their own business. Class size is limited to 25 slots, in order to better answer the accounting questions of each participant.
Availability of Audio: If you have existing obligations on a given Thursday night, your schedule causes you to tune in late, or you just want to review a lesson you heard in its entirety, have no fear. Audio archives of all 6 classes will be available to each paid family.
For more information, or to register, click here.
Class outline overview:
1. Why Accounting is Important -- “Be diligent to know the state of your flocks, and attend to your herds.” (Proverbs 27:23)
2. What is Good Accounting? Whether you put together a monthly or a quarterly statement, it should be timely, conservative and tell the story of what’s going on in your business. For example, is your cash flow out of control? Is one product line costing too much? Learn to identify problems that need to be corrected. Business owners tend to be very optimistic. Your financial statement should tell you the truth, not sweep problems under the carpet. “He who rebukes a man will find more favor afterward, than he who flatters with the tongue.” (Proverbs 28:23)
3. The 5 Types of Accounts. (assets, liabilities, revenues, expenses, and equity)
4. Tommy’s Tomato Stand Case Study Day 1 – One day’s look at a tomato stand at a Farmer’s Market. Follow the complete accounting cycle, including preparing the financial statements. What does Tommy spend to get started? How will Tommy account for buying tomatoes? How much did Tommy really make that day?
5. Tommy’s Tomato Stand Case Study Day 2 – A completely new and very different day for Tommy’s Stand at the Farmer’s Market. How will Tommy account for damaged or unsellable merchandise (spoilage)? Take a closer look at how Tommy did in his business. How much did he make? How much does he owe? What's left over?
6. Special Accounts - How can more advanced transactions such as pre-paid expenses and accrued liabilities for your business?
For more information, or to register, click here.
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