Small Business Online Money Course 4 of 4: Understanding Financial Reports and What They Mean – PRE-ORDER

You can generate all the reports you want, but if you can’t read them, your business is still flying blind. Don’t let confusing financial reports keep you from making the smart decisions your business needs.

Congratulations! You’ve learned to invoice, track expenses, and reconcile your accounts. Now it’s time for the final piece of the puzzle – understanding what all those numbers actually tell you about your business.

Many business owners can generate financial reports but feel completely lost when trying to understand them. What is this strange word “Revenue” and why is it different from “Profit…” (scratches head)?

You don’t have to stay confused about your own numbers.

This course series is designed by Vi Nguyen, a qualified Chartered Accountant (CA ANZ) and Certified Public Accountant (CPA USA). In this final course of our series, you’ll learn how to read and understand your key financial reports, spot important trends, and use this information to help you make better business decisions. All courses are beginner friendly and have practical exercises, so you can transfer your learning to your own business.

What You’ll Learn From Course 4 of 4:

You’ll discover how to generate and interpret your main financial reports using your accounting software. We’ll walk you through what the numbers mean, how to spot potential issues, and how successful business owners typically use these reports to understand their business performance.

Please note: This course covers general concepts – verify requirements with a qualified professional for your specific situation.

Key Topics Covered:

• Understanding your Profit & Loss statement and what it reveals
• Reading your Balance Sheet and why it matters
• Cash flow reports and managing your business cash
• Comparing reports across different time periods
• Identifying trends and patterns in your business
• Understanding key business ratios and benchmarks commonly used
• Spotting potential warning signs in your reports
• Using reports for business planning and decision-making
• Preparing financial information for your tax accountant

Includes 30-Minute Qualified Accountant Support Session: Course participants receive access to a special booking calendar for a 30-minute one-on-one consultation with a qualified accountant. Get personalized help and answers to your specific bookkeeping questions. Please note: The 30-minute accountant consultation is a separate engagement and you will be engaged with the accountant independently of this course.

Who This Course Is For:

Perfect for business owners who want to understand what their financial reports are telling them, anyone who’s been generating or receiving reports but not knowing how to read them, or business owners who want to use financial information to make better business decisions.

Features

👩‍💼 Expert-Designed Content Course created by a qualified accountant who understands the real challenges small business owners face.

📞 30-Minute Accountant Consultation Get personalized help setting up your systems with a qualified professional (separate engagement).

💼 Practical, Real-World Application Practice these concepts with your own business examples or follow our detailed case studies.

📚 Beginner-Friendly Design No prior accounting knowledge required – we start from absolute basics and build your confidence step by step.

💰 Pre-Order Special Pricing Lock in discounted pricing before the course launches – price increases once live.

🎥 Video-Based Learning Clear, step-by-step video tutorials that you can pause, rewind, and revisit anytime.

📋 Template & Resources Included Get sample report interpretation guides, financial analysis checklists, and key ratio reference sheets for educational purposes. These are general examples to help you understand the concepts – customize them for your specific business needs.

⏰ Learn at Your Own Pace Access your course 24/7 from any device. Complete modules when it suits your schedule.

🔓 Lifetime Access Keep coming back to refresh your knowledge whenever you need it. *Subject to platform availability and business ownership.

Course Details

How Long Will The Course Take: We estimate the course will take approximately 12 hours to complete. You can spread this out over several weeks or complete it at your own pace. You have lifetime access* so there’s no rush. *Subject to platform availability and business ownership.

Pre-Order Note: This course is currently available at special pre-order pricing. The course will be released 3 months from when the first pre-order is received. All pre-order customers will be notified via email with updates on the development progress and will receive immediate access once the course launches. Course content and modules may be refined during development to ensure the best learning experience. Pre-order pricing is only available until the course goes live.

Prerequisites:  Completion of Courses 1, 2, and 3 recommended, or solid understanding of invoicing, expense tracking, and bank reconciliation. You’ll need reliable internet access and the ability to view online videos. Please note that our videos are hosted on Vimeo, so ensure you can access Vimeo content in your location and that your internet settings/firewall allow video streaming.

FAQ

I can generate reports but they’re full of confusing terms – will this help?

Absolutely! This course translates financial jargon into plain English and explains what terms like “revenue,” “equity,” and “current liabilities” actually mean for your business.

My reports show I’m profitable but I have no cash – how is that possible?

This is a common confusion between profit and cash flow. The course explains this difference and shows you how to read both types of reports to understand the financial picture.

Do I need to have completed all the previous courses?

It is ideal, but not compulsory. It is ideal as this course builds on the foundation of invoicing, expense tracking, and reconciliation. Having accurate data from those processes helps make reports meaningful. However, if you have prior knowledge in keeping your own bookkeeping file and wish to understand reports or your decision making role means you look at report and would like more understanding on reading financial reports, you may find this course useful.

What if my reports show concerning numbers?

The course teaches you how to identify potential warning signs, but interpreting concerning financial situations often requires more analysis than the included 30-minute consultation can provide. The accountant can help assess your situation and recommend appropriate next steps.

How often should I be reviewing my financial reports?

We cover best practices for report review frequency. Some successful small businesses review key reports monthly, but your specific needs may vary depending on your business type and size.

Will this course teach me how to do financial planning and budgeting?

This course focuses on understanding and interpreting existing reports as educational content. While we touch on how reports are commonly used for business analysis, we do not provide financial planning advice, investment guidance, or specific budgeting recommendations. For detailed financial planning, budgeting strategies, or investment decisions, consult with qualified professionals.

What happens after I complete all 4 courses?

You’ll have learned the foundational money management concepts that form the basis of small business bookkeeping. However, every business is unique, and you may need ongoing professional support, guidance on advanced topics, or help with complex situations as your business grows.

What does “lifetime access” actually mean?

You can access the course for as long as we operate the platform, subject to circumstances within our control. While we intend this to be indefinite, we cannot guarantee access in circumstances beyond our control.

What if I can’t access Vimeo in my location?

Unfortunately, our videos are hosted on Vimeo. Please check you can access Vimeo content in your location before purchasing. Contact us if you’re unsure.

Is the accountant consultation really included in the price of the course?

Yes, course participants get access to book a 30-minute session. Note: this is a separate engagement with the accountant, not part of the course content.

When will the course be available?

The course launches 3 months from when the first pre-order is received. All pre-order customers will be notified and receive immediate access once the course is ready.

Is there a money-back guarantee?

Yes, we offer a 7-day satisfaction guarantee or money-back on the course content. Some courses include access to book a 30-minute accountant consultation. If you access the accountant booking system, your course becomes non-refundable as your course fee covers this professional service.