Managing Your Money:
Accounting, Budgeting & Cash Flow
Session 7
Date:
Due:	Section IV: Part D
Class Opener
Instructor Topics
Accounting and Recordkeeping
Budgeting
Break
Refreshments
Networking activity
Instructor Topics—continued
Preparing Cash Flow Projections
Managing the Cash Flow Cycle
Work Period
Assignment for Session 8
WORKBOOK 	Complete the worksheets in Workbook Session 7. WRITE	After completing the Session 7 worksheets, follow the instructions on the Writing Your Business Plan page at the end of the worksheets to write Section III. Business Organization and Operations: Part C. Managing Books and Records and Section V. Financial Plan: Part A. Capital Requirements (Startup Costs), Part B. Sales Forecasts, and Part C. Cash Flow Projections. TEXT	Read Chapters 20 and 21 (Overview of Financial Statements and Financing Your Business).

Learning Objectives
Understand the purpose and importance of accounting, recordkeeping and internal controls. Explore how budgets provide performance feedback. Understand how to prepare common budgets, including Sales Forecast and Cost of Projected Product Units Sold. Understand how to prepare cash flow projections. Understand ways of managing the cash flow cycle.