Cover the basics around the terms and concepts of financial statements
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Description
Learning objectives for participants:
- review and understand financial statements
- be able to ask informed questions of financial professionals
Outline:
- How’s the business doing?
- Did we make money this year?
- What does my P&L tell me?
- Why do I need a balance sheet?
- Where is my cash coming from?
- Where is my cash going to?
- Why isn’t my cash equal to my profit?
Learning Materials:
- Profit and Loss Statement — gives operating results for a specific period
- Balance Sheet
- shows the assets, liabilities, and capital of a business or other organization at a particular point in time
- details the balance of income and expenditure over the preceding period
- Cash Flow Statement
- shows how changes in balance sheet accounts and income affect cash and cash equivalents
- breaks analysis down to operating, investing and financing activities
Delivery Methods: Virtual with Zoom
Course Fee Includes: Access to the course, course materials, and a digital certificate upon completion
Sharing a single registration between two or more individuals is not permitted. Please register each person that will be in attendance.
Important Note:
We encourage active participation in this workshop, which involves interactive elements such as polls, word clouds, and multiple-choice questions and the ability to submit questions to the presenters. To ensure a safe and confidential space, we want to highlight that you will have the option to interact with us anonymously
Your privacy and comfort are of utmost importance, and we want to create an environment where everyone feels free to engage openly. If you have any concerns or questions about anonymity or the interactive features, please feel free to reach out to the ICBA Training Team at training@icba.ca
