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Understanding Financial Statements Webinar



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.


  • 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 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).

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