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VERSION:2.0
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X-WR-CALNAME:Trusted Community Development Association, Inc. Events
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UID:972bc654898c1dd7d37aa2609fabee79@www.tcdne.org
DTSTAMP:20260409T155720Z
DTSTART:20260420T230000Z
DURATION:PT8H
SUMMARY:Demystifying Financial Foundations: Income\, Assets & Cash Flow
DESCRIPTION:Learn how to understand\, create and use your financial statements&nbsp\;· Understanding Financial Statements:o Introduces the three main financial statements: the Income Statement (Profit andLoss)\, Balance Sheet and Cash Flow Statement.o Explains their purposes: showing profitability\, financial position\, and available casho Importance in decision-making\, tracking performance\, and securing investments.&nbsp\;· Income:o Impact on profitability and business health.o Connection to revenue streams and sales.&nbsp\;· Assets:o Distinguish between current (liquid) and non-current (fixed) assets.o Importance for collateral and borrowing power.&nbsp\;· Liabilities and Equity:o Difference between liabilities (debts &amp\; obligations) and equity (owner's interest).&nbsp\;· Cash Flow:o Importance of cash flow management to successful business operations.o Differences between operating\, investing\, and financing cash flows.&nbsp\;This webinar helps teach you the basics of Financial Statements needed to understand and manage your business well.
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