Program Description:
This course provides an overview of small business financial statements, including IRS tax returns. It introduces the income statement and balance sheet as well as the cash flow cycle and statement, and explains how they are used in making lending decisions and monitoring the health of a small business.
After successfully completing this course, the student will be able to:
- Describe types of financial statements and explain their purposes
- Explain categories of information contained in a balance sheet and income statement, and the relationship among them
- Identify ket tax return forms used by small business
- Describe the signficance of business cash flow cycles and the purpose of a cash flow statement
Who Should Attend:
Personnel who are involved in any aspect of the small business lending process but who have little experience with financial statements.
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