Understanding Financial Statements

Join us for Understanding Financial Statements, part of our Financial Foundations accounting expert series. This seminar is presented by Hawkins & Co. and Chartered Professional Accountants of Canada. Cover the basics around the terms and concepts of financial statements.

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

Presenters: Hawkins & Co.

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