How to read annual financial statements

TRAINER: Thirusha Govender – BCompt, BCom Hons (AUD) – ControlPro (Pty) Ltd

Certified Internal Auditor (CIA). Certified Risk Management Assurer (CRMA). Member of the Institute of Internal Auditors (IIA – Global). Business Accountant in Practice (BAP). Member of the South African Institute of Business Accountants (SAIBA).

Thirusha Govender is the sole owner of ControlPro making the company a Level 1 Contributor for BBBEE
purposes, with a procurement recognition level of 135% and is 100% female, black owned.
In addition to Management Consulting, B-BBEE Consulting and Business Advisory Services, the company
offers a range of services in the areas of Accounting (including Annual Financial Statements), Auditing,
Risk Management (including SOP development) and Taxation. Further to an ex-officio Commissioner
of Oaths, Thirusha is qualified as an Accounting Officer in the fields of CIDB, Lottery and NPOs.
She is an Independent Reviewer and Tax Practitioner as well.

Date 19 April 2018
Time 08:30 – 12:30
Venue Chamber House, Royal Showgrounds
COST (includes vat)
Members R635-52 p/p, R605-27 p/p for 3/more, R554-83 p/p for 5/more
Non-members R736-40 p/p, R706-15 p/p for 3/more, R655-71 p/p for 5/more

OVERVIEW
That time of the year again! Run around frantically, get the stock figures, who owed me at year end (what’s that again?)? Who did I owe? Who owes me?
Accountants: “Don’t forget to roll-over your accounts” – HUH?

Annual financial statements are seen by most business owners as a necessary evil, a grudge purchase, a frustrating and annoying process which usually ends in spending money – money to create these meaningless financial statements then more money on taxes!!

This is NOT the purpose of financial statements! Most often, as the owner of the SME – Did you know that YOU are the MAIN user of the financial statements and as such, the statements need to provide USEFUL information TO YOU about the performance of the company over a period of time (AKA income statement); where the business stands – do the assets exceed the liabilities? By how much? Can I buy that asset I want to? Cashflow is seen as the most complicated document and as such is often overlooked yet, when done accurately, provides very useful information.

Can you really be in control of your business if you don’t understand what has happened in order to plan where you are going?

WHO SHOULD ATTEND
Business owners, Financial staff, Board members, Shareholders any other interested parties.

Attendees will receive a certificate of attendance.