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AICI Webcast: Financial Literacy for Fashion Professionals
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Please only register if you want to attend the live webcast. If you prefer to Self Study, the link will appear in the Self Study Library one week later.

 Export to Your Calendar 8/11/2020
When: Tuesday August 11, 2020
9:00-10:00am Eastern Standard Time
Where: Online
United States
Presenter: Sharon Kornstein, AICI, CIP


Online registration is available until: 8/12/2020
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All webcasts are free for members, $30 for non-members and worth 0.1 CEUs


Speaker: Sharon Kornstein, AICI, CIP

Moderator: Ellen Kuo, AICI CIC

Sharon Kornstein, AICI, CIP

 

 

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Sharon Kornstein, AICI, CIP graduated from Wharton Business School with a major in accounting. After working on Wall St. for 8 years, she attended FIT for Image Consulting, and started her company, ImageDesign LLC. She works mainly with business people helping them navigate the confusing world of business dress. She is past president of the NY Chapter of AICI and a founding board member of the Wharton Club of NJ.

Description

During this webcast, Sharon Kornstein, AICI CIP, will give an overview of the financial basics that all entreprenuers need to understand in order to create a profitable business. She will walk us through the three main financial statements, discuss why they're important, their relationship to each other, and how to read them. She will go over why having different income streams is essential for a healthy business. We'll learn the basics of Quickbooks and how to use it to keep track of income, expenses and cash flow. Fnally, based on the book, "Profit First" Sharon will help attendees create a schedule for paying themselves a salary, paying their business expenses, and saving.

Objectives

  • Participants will know and understand the three main financial statements: Income Statement, Balance Sheet, Cash Flow Statement
  • Participants will list the main income streams they have for their business.
  • Attendees will create a schedule for paying themselves, paying their business expenses, and saving.
  • Attendees will understand the basics of Quickbooks, and learn how this system can help them keep track of income, expenses and cash flow.

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