Colour Accounting refreshers
Updates and notices on the ServiceIQ and BDO New Zealand Colour Accounting Workshops
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Colour Accounting refresher – Cashflow is critical
Covid-19 has presented business owners with many challenges, not the least managing cashflow. Cashflow is critical for every business, and understanding the levers that impact cashflow has never been more important.
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Colour Accounting refresher – Income and Net Profit Margin
Income is defined as a value-generating activity, a verb concept.
Net Profit Margin is also known as the Return on Sales percentage.
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Colour Accounting refresher – Liabilities and Leverage
Liabilities are defined as an obligation to a third party.
Leverage is used to calculate the percentage of a business’ assets that are funded by third parties.
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Colour Accounting refresher – Assets
At the heart of accounting are assets – it is an asset-centric story!
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Colour Accounting refresher – Cash burn calculation
Cash burn is an estimate of how fast the cash in a business is being used to meet operating expenditure.