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Critical Concepts to Understand the Balance Sheet, Income Statement, Cash Flow and Retained Earnings

Summary

 

  • Balance sheet
  1. Explore the components of assets, liabilities and equity and varying formats of presentation
  2. Identify what “Balancing” the balance sheet means
  3. Discover the relationship to Income statement components
  • Income statement
  1. Identify what comprises revenue
  2. Explore varying types of income statements
  3. Identify expenditures
  4. Recognize Net Income/Loss and flow through to balance sheet
  • Statement of Cash Flows – The King!
  1. Explore why the cash flow statement is King
  2. Discover what the cash flow statement tells the company
  3. Recognize how the cash flow statement links to the balance sheet and income statements

Overview

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.

Who should attend?

  • Accountants
  • Finance Personnel
  • Controllers
  • Board members and audit committee members
  • Compliance professionals

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.

Gina J. Lowdermilk

Expert

Dr. Gina J. Lowdermilk,PhD (ABD), CAMS, CRMS is a highly experienced and educated BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders.

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