In this morning session, we will focus on increasing a) your cooperative’s financial literacy skills and b) engagement in financial decisions by going over the four basic financial reports: Profit & Loss, Balance Sheet, Budget & Cash Flow Projections. You will leave with a better understanding of how to create & read these reports and use these reports to answer your most common business questions. We will also have lots of fun sharing creative ways to better engage your other coop members in financial reports!
In this session, we will form small group cooperatives and do business with each other, pausing to build our financial statements along the way. With the guidance of facilitators, you will learn how to create and share your very own Profit & Loss, Balance Sheet, Budget, and Cash Flow Statements together with your fellow participants/co-op members. There will, of course, also be games!