Understanding Business Financial Statements and Cash Flow Budgets
If you are an owner of a corporation or serve as a board of directors on a non-for-profit organization, it is important to understand how to read through the business’ financial statements. Financial statements are often reviewed by government agencies, banks, stakeholders, donors and other to ensure accuracy and for tax, financing or investing purposes. Understanding the corporation’s financial statements and cash flow budgets can help you extract important data about the financial performance of the entity to be able to make decisions regarding the allocation of resources.
In this session, the key learning outcomes you can expect are:
- An overview of what financial statements are
- Understanding the key data presented on “balance sheet” and “profit and loss” statements
- Step by step “cash flow” statement analysis
- How your cash flow budget fits into the overall operations of the corporation.