Unlocking the Secrets of the Balance Sheet: A Guide to Smart Analysis: A virtual session organized by National FLO Financial Literacy Team in collaboration with ICAI

The National FLO Financial Literacy Team, in collaboration with the Institute of Chartered Accountants of India (ICAI), organized an insightful virtual session titled “Unlocking the Secrets of the Balance Sheet: A Guide to Smart Analysis.” The event was led by CA Premlata Daga Saboo, a seasoned expert in financial analysis, who shared key insights into understanding balance sheets and other crucial financial concepts. The session focused on breaking down the structure and components of balance sheets, providing participants with a clear understanding of assets, liabilities, and equity, and how these factors reflect an organization’s financial health.

In addition to this, CA Premlata discussed profit management techniques, emphasizing how efficient cost management directly impacts profitability. The session also explored the importance of working capital efficiency and how it plays a pivotal role in maintaining liquidity within businesses. Another significant highlight was the impact of sales on the bottom line, where the speaker stressed the need for balancing sales growth with cost efficiency to ensure sustained profitability. Participants also gained insights into financial leverage and marginal costing, helping them understand incremental costs and their implications for pricing strategies. The concept of funds flow was also covered, helping attendees understand the movement of cash within an organization for better financial management.

The session concluded with an engaging Q&A session, where participants had the opportunity to clarify their doubts and receive practical advice from CA Premlata. The session attendees with essential financial knowledge to improve their business decisions. This session demonstrated FLO’s commitment to fostering financial literacy and empowering women in business with vital financial skills.