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Understanding Basic Financial Statements

Tuesday, November 13th 2018

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Fee: No Cost

Topic: Business Accounting and Budget


Learn how to make sense of the basic financial statements that are essential to your success in business.

There are three basic Financial Statements which all businesses with financial reporting requirements must prepare and disseminate. Their names are the Balance Sheet, Income Statement and Statement of Cash Flows. To the lay person who is trying to understand the Financial Statements, they may seem like they are written in a foreign language. You may understand the words but the concepts those words convey may not be totally clear. This workshop will give you a rudimentary understanding of the Financial Statements and the concepts used to categorize the financial activity of a business into readable tables which, when you understand the concepts, can tell a story about the financial health of the business. Toni DeMarco, SCORE


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