Program Description:
This AIB 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
relationships among them
- Identify key tax return forms used by small
businesses
- Describe the significance 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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