Be Informed: Balance Sheet & Income Statement Basics
About this talk
According to a 2017 study, nearly 60% of businesses sought investment or credit opportunities for their business. Whether you are looking to invest in a company or looking for investments for your company, understanding the balance sheet and income statement are essential tools. As a legal and business consultant, Lonna will explain the fundamentals of these accounting reports and help you ask smart questions to reveal a business' financial health. This will help inform your investment strategies and prepare for your future. While Lonna won't be offering specific legal advice, she will use her experience to guide you through these essential inquiries.
- How to read and understand the interplay of a balance sheet and income statement.
- How these accounting reports inform on the financial health of a business.
- To identify smart questions that may reveal additional financial information that will help you prepare for seeking additional investments or decide whether to invest in another company.