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Critical Concepts to Understand the Balance Sheet, Income Statement, Cash Flow and Retained Earnings

  • Speaker: LYNN FOUNTAIN, CPA

      Duration: 90 Min

      Product ID: TL000039

      Course Level: Select Level


Rather than focus on the computations and tactics of each of the statements, this training program will cover the important concepts of how the statements interact and relate to each other providing management with the critical information needed to manage financial stability of their organization. It is important professionals recognize that no one statement tells the complete story, but combined they provide a powerful tool for management.

Why Should You Attend:

This webinar will focus on discussing the concepts of the primary financial statements utilized at every company: balance sheet, income statement, cash flow statement and retained earnings statements. Many professionals are uncomfortable with trying to read and interpret the financial statements. This session will focus on simplifying and breaking down the process for attendees.

Areas Covered in the Webinar:

  • Balance sheet
    • Explore the components of assets, liabilities and equity and varying formats of presentation
    • Identify what balancing the balance sheet means
    • Discover the relationship to income statement components
  • Income statement
    • Identify what comprises revenue
    • Explore varying types of income statements
    • Identify expenditures
    • Recognize net income/loss and flow through to balance sheet
  • Statement of cash flows
    • Explore why cash flow statement is king
    • Discover what the cash flow statement tells the company
  • Recognize how the cash flow statement links to the balance sheet and income statements

Who Will Benefit:

  • Accounting Professionals
  • Finance Professionals
  • Operational Management
  • Entry-level External Auditors
  • Accounting, Operational and Compliance Professionals

Guest Speaker

LYNN FOUNTAIN, CPA, Business/Risk Consultant

Lynn Fountain has over 35 years of experience spanning public accounting, corporate accounting and consulting. She has 20 years of experience working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Ms. Fountain has held two chief audit executive positions for international compani  More Info