Financial Statements 101 (Part II): Interpreting Your Financial Position
MTAM
Ahmed Elsayed & Lisa Goss
Zoom Room
1 Core Credit
- Members $15.00 +GST
- Non-members $25.00 +GST
Thursday, May 21, 2026. 6:30 PM- 7:30 PM
Session Overview
This session builds directly on Financial Statements 101 (Part I): Building Accurate Financial Records. Once financial records are properly structured and reconciled, the next step is learning how to interpret them. In this practical follow-up session, participants will review their financial statements through a mid-year analytical lens. Ahmed and Lisa will guide RMTs through understanding their financial position, assessing cash flow, and identifying key trends, risks, and opportunities. The session focuses on turning clean financial data into meaningful financial insight and informed business decisions. Drawing on both technical financial expertise and executive leadership experience, this session bridges financial reporting with real-world professional governance, operational planning, and financial risk management.
What You Will Learn
Participants will gain practical understanding of:
- How to read and interpret your income statement, balance sheet, and cash flow statement
- What your financial position reveals about business stability
- Understanding assets and liabilities in small practice settings
- How to assess cash flow and plan for upcoming months
- Identifying variances between budgeted and actual results
- Reviewing expense and revenue classifications for accuracy
- Detecting early warning signs of financial stress
- Using financial statements for mid-year planning and course correction
Who Should Attend
This session is ideal for:
- RMTs who attended or plan to attend Part I
- Practitioners with bookkeeping systems in place
- Clinic owners and independent contractors
- Anyone wanting to strengthen financial planning and forecasting skills
Takeaways
Participants will receive:
- Mid-year financial review template
- Budget vs. actual variance worksheet
- Cash flow planning and forecasting tool
- Financial health indicators checklist
Facilitator Bio — Ahmed Elsayed
Ahmed Elsayed is the Founder and Principal Consultant at Right Solutions Inc., a Winnipeg-based payroll and bookkeeping firm supporting small businesses, non-profits, and independent practitioners.
He holds a Bachelor’s degree in Economics & Management from the University of Manitoba and a Certificate with Honours in Applied Accounting from Red River College Polytechnic. He also holds the Payroll Compliance Professional (PCP) designation and is currently working toward his CPA. Ahmed provides reliable bookkeeping, payroll expertise, and clear, practical financial coaching focused on sustainable business practices.
Co-Presenter — Lisa Goss
Lisa Goss is the Founder and Lead Strategist of Morning Star Consulting and currently serves as CEO of the Manitoba College of Family Physicians. She holds an MBA and has over 30 years of senior leadership experience across healthcare, non-profit, and professional association sectors.
Lisa specializes in financial oversight, governance, operational planning, and organizational risk management. She has led multiple organizations through audits, financial restructuring, and system transformations. Her role in this session focuses on helping practitioners translate financial information into strategic, ethical, and professionally responsible business decisions.
A full refund will be given to anyone cancelling 5 or more days before the course start date. A 50% refund will apply to any cancellation between 3 and 5 days before a course. Cancellations made WITHIN 72 hours or no shows will not be refunded. Consideration will always be given to extenuating circumstances.