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Financial Foundation – Session 1

Hosted by: Denise MacDonald and Steve Fisher

We all know that the Annual Profit and Loss (P & L) Statement is useful for reporting taxable income for the government. But does it give us enough information to manage a business effectively?  Adjusting financial reporting processes can optimize a business. 

In this session, we explore: 

  • adding detail to a profit and loss statement for better business management overall  
  • increasing frequency of financial reporting for access to relevant, up-to-date information throughout the year