Understanding Financial Statements & Budgeting

Financial statements are a record of transactions for a period of time, using generally accepted accounting principles (GAAP). Learn to read and interpret financial statements and apply ratios and formulas to understand where an enterprise has been and where it is going, and how to help steer its direction. We'll discuss what information to gather, who to involve and how to assemble information into a budget that reflects the financial goals of a business. We'll also cover how new business ventures are evaluated using break-even analysis.