How to Read Financial Statements - Washington, D.C.
11th Annual Public Private Partnership Conference
How to Read Financial Statements
(And Use Them As Tools)
Presented by J. Scott Denlinger, CPA, CBIZ MHM Anna Hofmeister, CPA, Tate & Tryon
August 25, 2011
1
Agenda
Financial reporting basics Appropriate financial information How to prepare financial statements How to read financial statements
Financial statements are a tool for running your business
Don't hesitate to ask questions!
2
Terminology
Cash vs. Accrual Assets
Liabilities Net Assets Revenue Expense
3
Financial Reporting Basics
Appropriate information Timely information Effective information
4
Appropriate Information
Mission of the Organization Accurate Complete
5
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