Critical Concepts to Understand on the Balance Sheet, Income Statement, Cash Flow and Retained Earnings
Duration : 90 Minutes
Lynn Fountain, Enterprise Risk Management
Ms. Fountain has over 30 years of experience in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She has held CAE roles in two international companies where she has developed strategic risk based audit processes facilitated strong relation Read more
Accountants and finance personnel are schooled in the basics of the concept of financial statements during their educational years. The focus is often on the calculations, format
Course Objectives:
This course is focused on discussing the concepts of the primary financial statements utilized at every company: balance sheet, income statement, cash flow statement and retained earnings statements. Many professionals feel uncomfortable with trying to read and interpret the financial statements. In reality, if you can read a nutrition label you can learn to read the financial statements.
Rather than focus on the computations and tactics of each of the statements, we will cover the important concepts of how the statements interact and relate to each other providing management with the critical information needed to manage financial stability of their organization. It is important professionals recognize that no one statement tells the complete story, but combined they provide a powerful tool for management.
Course Outline:
Balance Sheet
• Explore the components of assets, liabilities
• Identify what “Balancing” the balance sheet means
• Discover the relationship
Income Sheet
• Identify what comprises revenue
• Explore varying types of income statements
• Identify expenditures
• Recognize Net Income/Loss and flow through to balance sheet
Statement of Cash Flows – The King!
• Explore why the cash flow statement is King
• Discover what the cash flow statement tells the company
• Recognize how the cash flow statement links to the balance sheet and income statements
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
• Accountants
• Finance Personnel
• Controllers
• Board members and audit committee members
• Compliance professionals
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
100% MONEY BACK GUARANTEED
Refund / Cancellation policyGet In Touch
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