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, Balance Sheet, and Cash Flow Statement 
• Explains their purpose: 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