Monday, May 10, 2010

Understanding Financial Statements

Numbers on a Page…Ratios…Reports…Income Statements…Balance Sheets. At face value, these documents tell you what happened. However, they can also tell you how to make it happen again, or do it better the next time.

If you’re one of those business owners who have a bookkeeper or a CPA prepare their quarterly taxes for them, you won’t want to miss this financial management training event presented by the University of Missouri Extension.

“Understanding Financial Statements” is a three hour class designed for business owners, managers, and consultants who need to know how to turn financial statements into useful management tools. The class is taught by Tom Kelso, Business Development Specialist for the University of Missouri Extension in Northwest Missouri, and covers the basics found on the income statement and balance sheet and includes information on the various ratios critical to the financial management of a small business. Working through an actual case study will give you hands-on experience in understanding the story the numbers tell.

Cost for this three hour session is $39, and will be conducted at the Buchanan County Extension office, 4125 Mitchell Ave., from 8 to 11 AM, on May 20.

At the conclusion of the seminar, if you need additional assistance, you may arrange to meet with a business consultant.

For more information on how to register for “Understanding Financial Statements,” call: (660) 446-3724.

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