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Understanding Your Financial Statements

November 1, 2023 @ 9:00 am - 12:00 pm CDT


Business owners, managers, accountants, bankers, and consultants need to know how to turn financial statements into useful management tools. After attending this financial management series, you will be able to make better business decisions based on good financial information.

In this first class in our financial series, participants will identify key financial information on a Profit and Loss Statement and on the Balance Sheet. Participants will also learn how to calculate several financial ratios and will understand what those ratios indicate in terms of business productivity and success. Overall, participants will gain a greater understanding of how to read and interpret financial documents, and use that information to drive business decisions.

Topics include:

Financial Management
Cycle Accrual vs. cash accounting
How to document past performance
Case study introduction
Income statements
Net income formula
Percentage size statements
Balance sheets
Ratio analysis
The second class in the series is Cash Matters Most – Improving Your Cash Flow on November 8, 2023, followed by the third and final topic, Planning and Predicting Your Financial Path on November 15, 2023.

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