Entrepreneurship Academy 2016 - Know How to Count: A Crash Course in Accounting Basics
Dr. Sammy Fung advised every entrepreneur to make financial statement to become their best friend. He explained that entrepreneurs can objectively measure the status of their start-up company through financial accounting. With the help of a company’s balance sheet, income statement and statement of cash flow, Dr. Fung guided the audience to review the financial performance of a company. After teaching the accounting basic, he extracted the financial statement of Cafe De Coral, a listed company in Hong Kong, for the audience to exercise the skills they acquired in a very practical way.