SBDC: Financial Statements Explained: Structure, Purpose, and Responsibility

Understanding your financial statements is essential for making informed business decisions. This session will guide small business owners through the meaning and importance of key financial documents, including the Profit & Loss Statement, Cash Flow Statement, and Balance Sheet. Participants will learn how these statements are structured, why they matter, and who is responsible for preparing them. Gain the clarity and confidence you need to manage your business finances effectively.

Key Points:
-Decode the Big Three – Profit & Loss, Cash Flow, and Balance Sheet explained in plain language. -Understand the Structure and Purpose – Learn how statements are organized and why they matter for your business health. -Identify Responsibility – Know who prepares these statements and how to ensure accuracy and accountability.