Demystifying Financial Foundations: Income, Assets & Cash Flow

Event description

Learn how to understand, create and use your financial statements

· Understanding Financial Statements:

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

· Income:

• Impact on profitability and business health.
• Connection to revenue streams and sales.

· Assets:

• Distinguish between current (liquid) and non-current (fixed) assets.
• Importance for collateral and borrowing power.

· Liabilities and Equity:

• Difference between liabilities (debts & obligations) and equity (owner's interest).

· Cash Flow:

• Importance of cash flow management to successful business operations.
• Differences between operating, investing, and financing cash flows.

This webinar helps teach you the basics of Financial Statements needed to understand and manage your business well.