Financial Statement Basics
November 2, 2024 4pm
Join Dodd Financial as we cover the basics of the major financial statements including the P&L, Balance Sheet and Cash Flow Statement. Learn the contents of each statement and how each one is used to track your business financials and how to navigate what each statement reveals about your business' performance.
Agenda:
1) P&L (Income Statement) - comprehensive review of the income statement broken down into major sections. Participants will follow along with a downloadable P&L statement and learn the detailed interactions of expenses and revenue and how the P&L interacts with the balance sheet and cash flow statement.
2) Balance Sheet - comprehensive review of the income statement broken down into major sections. Participants will be guided through the balance sheet using the accounting equation and be able to identify major types of account types. The topic will end with a review of key financial ratios that can be used to indicate various financial performance indicators.
3) Cash Flow Statement - comprehensive review of the income statement broken down into major sections. Participants will follow along as we explore the transactions that effect the cash flow statement and understand the interaction between the cash flow statement and other major statements.
Conclusion - The training will end by tying all of the statements together to understand how all of the transactions and accounts interact together to form the major financial statements for their small businesses.
Participation is free with sign up.