Understanding Financial Information for Small Businesses

When a client comes to you with a small business in trouble, do you fully understand the financial information they are sharing with you so that you can properly advise them? This session discusses how to read and understand that financial information, covering such issues as the difference between a financial statement and a balance sheet, the difference between a financial statement that is audited and one that is reviewed or compiled by management, profit-and-loss statements and how does they differ from cash-flow statement, and the levels and types of financial information your client needs to assemble, and you need to understand, for your client to be successful in reorganizing.