Understanding Financial Statements Webinar
Dates
Learn the basics around the terms and concepts of financial statements
Review and understand financial statements, and 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
Presented by Edward Sawaya, B. Comm., CPA CA, CFA, CBV, the founder and managing partner of Sawaya CPA, a tax and advisory boutique firm focused on providing a holistic advisory approach to its clients, mostly small and medium-sized business owners. Please visit our website at sawayacpa.ca for more information. Edward graduated from the University of Ottawa with a Bachelor of Commerce. Edward is a Chartered Professional Accountant (CPA, CA) and holds the Chartered Financial Analyst (CFA) designation. He is also a Chartered Business Valuator (CBV).