Understanding Financial Statements

Key Takeaways:

Review and understand financial statements and be able to ask informed questions of financial professionals

OUTLINE:

• * How’s the business doing?
• * Did we make money this year?
• * What does my P&L tell me?
• * Why do I need a balance sheet?
• * Where is my cash coming from?
• * Where is my cash going to?
• * Why isn’t my cash equal to my profit?

LEARNING MATERIALS:

• Profit and Loss Statement: Gives operating results for a specific period.
• Balance Sheet: Shows the assets, liabilities, and capital of a business or other organization at a particular point in time
  
  • details the balance of income and expenditure over the preceding period
• Cash Flow Statement: Shows how changes in balance sheet accounts and income affect cash and cash equivalents
  
  • breaks analysis down to operating, investing and financing activities

Presented by CPA Member. We start promptly at 1:30pm please be punctual.  

REGISTER HERE

Do It In Durham is a series of events taking place in the Region of Durham from 13 to 27 November 2017. This series is in celebration of Global Entrepreneurship Week. Every event is an opportunity to network and grow your business and your knowledge. There is a rich eco-system of support, funding and entrepreneurial resources for businesses.