SNC 2015 | Finance 1.2
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Transcript of SNC 2015 | Finance 1.2
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SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
AIESEC United States Inc.Financial Management Training
Day 1Session 2 (Pilot)
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SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
One of the biggest focus of our team was to externalize our education to match the real world...
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SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
As a leadership development platform, finance so far has been sad in terms of preparing our members for the real world..
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SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
As the VPF of an LC, you should basically be trained to run a small business on a local level. #franchise
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SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
SBA.GOV Small Education Curriculum!
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SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
In this course we hope to achieve:
Clarity on Financial Management
Cash flow Management
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SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
This will be a 4 courses delivered online!
22nd Century Education!!!
$50 will be given to the LC that is able to attend all the online sessions and complete the post financial education test!
*more details to come!
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SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
Quiz Time!!!
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SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
1. Which of the following are reasons for good financial management?a. Helps to show which product or services
are profitableb. Provides information on the size of a
payment a business can affordc. Helps in deciding what invetory a
business should purchased. Provides a tool for planning to reach new
markets
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SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
2. New businesses should start financial management with a(n) .
a. Business Credit Cardb. Budgetc. Inventory Purchase d. Profit and Loss Statement
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SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
3. Sound bookkeeping is the basis for all financial management.a. Trueb. False
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SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
4. What is the definition of cash flow?a. Sales minus cost of goods soldb. Moving cash in or out of a businessc. Balance of cash received less the amount of
cash paid out over a period of timed. both b and ce. all three: a, b and c
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SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
5. Which of the following is a good use of cash flow projection? Select all that apply.a. setting sales and expense goalsb. determine the breakeven point for a
businessc. tracking salesd. planning equipment purchasese. tracking liquidity
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SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA
6. What is the basic formula for profit and loss statement?