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 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.