Many brewery owners place their greatest focus on their profit and loss statement, when cash is the ultimate determining factor of whether one’s doors stay open. Too often the cash flow statement is misunderstood and ignored, especially when cash seeps out through the balance sheet, often undetected through the income statement. Reinforce your brewery’s financial position now by attending this interactive presentation and workshop specific to cash flow management and learn: what the cash flow statement is, as well as its various components and how they relate back to the balance sheet and income statement; specific actions we take that we believe are helping our operation, when in fact, we may potentially be hurting it; and cash flow management best practices. We will be using a format of “before” and “after” scenarios when presenting cash flow management best practices for clarity.
The second half of this presentation will be the illustration and building of a cash flow template from the ground up for those who would like to create and tailor one to their own specific business model.
Learning Objectives:
- Understand information included in a cash flow statement
- Identify adjustments to brewery operations that will positively affect cash flow
- Review a before/after scenario of a brewery’s cash position that shows the effect of implementing best practices
- Create a cash flow template (interactively) led by presenters
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