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X-WR-CALNAME:Economic Development Alliance of Skagit County Events
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UID:7c315cfa41d9e9ff6061c1f0eada66c9@www.skagit.org
DTSTAMP:20260712T194409Z
DTSTART:20260721T163000Z
DTEND:20260721T180000Z
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.
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