Understanding Your Financial Statements will provide you with a basic introduction to financial statements.
To start, finance, operate, grow, and exit a business requires at least a basic understanding of financial statements. Your financial statements are important reference points as you manage your business and present the business to external stakeholders (e.g., bankers, investors).
This workshop will help business owners become familiar with the three main financial statements: the Profit & Loss Statement, the Balance Sheet, and the Cash Flow Statement. It is recommended for those who have little or no understanding of financial accounting, plus those that want a refresh on the topic and have questions.
What You Will Learn
• Fundamental components of the three main financial statements
• Basic steps in the accounting process
• How financial statements can help you understand your business