WELLINGTON – Feb. 3, 2016 – “The information contained in a business’ financial reports can sometimes be confusing. For example, a good profit does not necessarily mean that you are rich! It is therefore extremely important to truly understand your company’s financial statements since they express the company’s financial health,” says Martin Marcoux, a banker with more than 20 years of experience. “Misinterpretation often leads to bad decisions, which can have disastrous consequences for the business.”

Marcoux, senior account manager with RBC’s Commercial Financial Services in Charlottetown, will deliver a two-hour workshop, in French, specifically on the interpretation of financial reports for entrepreneurs Wednesday, March 2, at 10 a.m. at the Wellington Rural Action Centre.

The Acadian and Francophone Chamber of Commerce and the Wellington Rural Action, which are hosting the workshop, are inviting all French-speaking entrepreneurs to register. Those who wish may bring along their financial statements for a private consultation.”

“We’ll interpret financial statements in detail,” explains Marcoux. “We’ll analyze working capital and we’ll discuss how to calculate it. We’ll also analyze accounts receivables, inventory and accounts payable.”

Also, he adds, “We’ll analyze cash flow and borrowing capacity and/or the capacity to pay back debt. And finally, we’ll look at sole proprietorships versus incorporated businesses.”

In each part of the workshop, the banker will use both the French and English terms so that everyone understands exactly what is being discussed.

The registration fee will be $5 for members and $10 for non-members. Participants must register by Feb. 26 by contacting Velma Robichaud at (902) 854-3439, Ext. 228, or at velma@rdeeipe.org.

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CUTLINE: RBC banker Martin Marcoux will deliver a workshop on interpreting a business’ financial reports Wednesday, March 3, at 10 a.m. at the Wellington Rural Action Center.

 

For more information:
Raymond J. Arsenault
Coordinator
Acadian and Francophone Chamber of Commerce of PEI
(902) 854-3439, Ext. 231
Raymond@rdeeipe.org