Business owners need to be able to analyze financial statements for a variety of reasons: to identify major changes or trends, to assess past performance and current position, , and how their firm is performing compared to others in the same industry. We’ll cover how to:
- determine increases or decreases in income, profits and expenses
- calculate financial ratios and profitability ratios
- decide whether to issue stock or secure a bank loan to increase working capital
- equity vs debt financing
- how to benchmark your business performance
We recommend taking the Understanding Financial Statements first, or have a solid understanding of your financial balance sheet, income statement, and cash flows.
Instructor: Tim Moran, CPA