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.