Demystifying Financial Foundations: Income, Assets & Cash Flow
Date and time
-
Location
Online
Organizer
SCORE Kansas City
chapter.0019@scorevolunteer.org
Host organization
SCORE Kansas City
Type of event
Resource Partner event
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 is the first in a series of 3 consecutive finance webinars offered on Saturday, October 5, 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.
Register