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X-WR-CALNAME:Twin Cities Development Association, Inc. Events
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UID:06ceca52025e121d152b25c6a235f55f@www.tcdne.org
DTSTAMP:20260602T181640Z
DTSTART:20260616T230000Z
DURATION:PT8H
SUMMARY:Demystifying Financial Foundations: Income\, Assets & Cash Flow
DESCRIPTION:Learn how to understand\, create and use your financial statements· 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.· Income:o Impact on profitability and business health.o Connection to revenue streams and sales.· Assets:o Distinguish between current (liquid) and non-current (fixed) assets.o Importance for collateral and borrowing power.· Liabilities and Equity:o Difference between liabilities (debts &amp\; obligations) and equity (owner's interest).· Cash Flow:o Importance of cash flow management to successful business operations.o Differences between operating\, investing\, and financing cash flows.This webinar helps teach you the basics of Financial Statements needed to understand and manage your business well.
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