Learn how to understand, create and use your financial statements

· UNDERSTANDING FINANCIAL STATEMENTS:
o Introduces the three main financial statements: the Income Statement (Profit and
Loss), Balance Sheet and Cash Flow Statement.
o Explains their purposes: showing profitability, financial position, and available cash
o Importance in decision-making, tracking performance, and securing investments.

· INCOME:
o Impact on profitability and business health.
o Connection to revenue streams and sales.

· ASSETS:
o Distinguish between current (liquid) and non-current (fixed) assets.
o Importance for collateral and borrowing power.

· LIABILITIES AND EQUITY:
o Difference between liabilities (debts & obligations) and equity (owner’s interest).

· Cash Flow:
o Importance of cash flow management to successful business operations.
o Differences between operating, investing, and financing cash flows.

This is the first in a series of 3 consecutive finance webinars offered on Tuesday, November 12, and Wednesday, November 13, 2024. Please register for each class you plan to attend.

Faculty: A team of SCORE and community volunteers with wide ranging business and financial experience.