SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA

AIESEC United States Inc.Financial Management Training

Day 1Session 2 (Pilot)

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...

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..

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

SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA

SBA.GOV Small Education Curriculum!

SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA

In this course we hope to achieve:

Clarity on Financial Management

Cash flow Management

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!

SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA

Quiz Time!!!

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

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

SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA

3. Sound bookkeeping is the basis for all financial management.a. Trueb. False

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

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

SUMMER NATIONAL CONFERENCE 2015 | SAN JOSE, CALIFORNIA

6. What is the basic formula for profit and loss statement?