Rather than focus on the computations and tactics of each of the statements, this training program 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.
Why Should You Attend?
This webinar will focus 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 are uncomfortable with trying to read and interpret the financial statements. This session will focus on simplifying and breaking down the process for attendees.
- Balance sheet
- Explore the components of assets, liabilities and equity and varying formats of presentation
- Identify what “Balancing” the balance sheet means
- Discover the relationship to Income statement components
- Income statement
- 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
Who will benefit?
- Finance Personnel
- Board members and audit committee members
- Compliance professionals
Lynn Fountain has over 35 years of experience spanning public accounting, corporate accounting and consulting. She has 20 years of experience working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance.Ms. Fountain has held two chief audit executive positions for international companies. Since 2008, she has served in positions where she was responsible for internal audit, enterprise risk management and Sarbanes-Oxley. Ms. Fountain has a private consulting and training business, and she has developed and delivered leading …