Many non-finance professionals are not comfortable with financial terms, processes, reporting, or reviewing financial data. Yet, without the key performance indicators these things provide, organizational leaders would be hard-pressed to make growth-oriented decisions. Increasingly, EAs are involved in financial preliminary data collection and analysis. Understanding the story behind the numbers guarantees advanced support for senior decision-makers and enhances critical thinking and creative problem-solving.
- Understand the purpose and connection among key financial statements, including the:
- Income Statement
- Balance Sheet
- Statement of Retained Earnings
- Cash Flow Statement
- Discuss key performance ratios and their impact
- Participate in executive-level conversations about your company’s growth strategy