Understanding Financial Statements
Facilitated by Ron Robichaud.
Understanding financial statements is the ability to use financial information to make solid informed decisions. In a world where many businesses and organizations are not reaching their true potential, it is crucial that individuals grasp what their financial information is telling them and how to improve results. For many, understanding financial statements is a confusing and complex process.
The good news is that financial statements need not be complicated! Accounting is the language of business, and it is a language that can be simplified. And in most, if not all cases, this understanding has led to improved financial outcomes for businesses.
Subjects to be covered include:
- How to use the financial statements to make solid informed decisions
- Defining the key components of the balance sheet, income statement, and cash flow statements
- How to analyze the information
- Recognizing and properly applying the types of depreciation
- Realizing the importance of establishing a capital account
- The key things you need to know in monitoring financial statements
- What strategies can be invoked to achieve the desired financial goals
- How to structure an accounting system to provide the information needed to make informed decisions
Space is limited. To register, please contact Barb MacDonald at 902-853-3616 or [email protected].