Understanding Financial Statements

This popular seminar helps participants feel at ease when it comes to understanding the balance sheet and the profit and loss statement.  The presenter will share easy to understand explanations and examples.  Learn the answers to common questions such as: “What is on a balance sheet and why does it balance?” or “What is a balance sheet and how to create a balance sheet if you are already in business?” And the most misunderstood question, “What is owner’s equity?” You will also get crucial insights about understanding the profit and loss statement which include: the basics of revenue and expenses; accrual versus cash basis accounting; gross profit, operating expenses, and cost of goods or services sold.