How To…Understand and Interpret Financial Statements (6/28/23)

Whether you’re a solo practitioner or part of a larger firm, if you’re getting financial statements, you’re going to want to know how to read them.  In this seminar, speaker Larry Chester will help you understand not only the Profit and Loss statement, but the Balance Sheet and the Statement of Cash Flows as well. This seminar will help you truly understand these financial statements, because it’s not just a matter of knowing what the numbers are and whether they are up or down from last month; you also need to understand what those numbers tell you about how your firm is doing, your availability of cash for distributions, and those long-term and short-term payments that have to be made. You want to know how those numbers are changing, and what they mean for your future and the future of your firm, and this seminar will help you do just that. 

Speaker:
Larry Chester served as a CFO for 25 years before starting his own consulting firm 16 years ago.  Since then, he has helped manufacturers, consulting firms and law firms find ways of operating more efficiently, and understand the reporting that provides guidance for the future, helping strategic decision-making. 

Realizing that he enjoyed the challenges of helping business owners understand what they needed to do to improve cash flow and create wealth for their future, he hired a team of CFOs to help the many businesses that needed advice. Since forming CFO Simplified, Larry has been involved in Business Turnaround, and Mergers and Acquisitions, in addition to Financial and Operations Management for his clients. 

Larry is an intuitive businessman, able to grasp complex situations, driving to the heart of the matter, while helping to develop creative solutions for strategic growth. He believes in providing sound financial leadership that business owners need right now.  His greatest pleasure comes from working with owners to institute tighter internal controls and greater profitability. In doing so, they work together, guiding the company to smoother operations and a stronger financial future. Larry lives in Northbrook, IL, where he holds court for his three daughters and eight grandchildren.

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Live CBA Committee meetings and seminars will take place via Zoom webinar.  You will click on "view video" and be directly connected to the meeting/seminar on Zoom.  (You will not receive a Zoom link.)

You MUST have Zoom Desktop Client on your Mac or PC to view a live program. If using a mobile device, you must have the Zoom App (available in the App Store or Google Play).

System requirements for Mac & PC can be found here. System requirements for mobile devices can be here.  

Please note that audience members do not need video or audio access.  Audience members are able to submit questions via the chat or Q & A features of Zoom. 

Chat: Open in-meeting chat, allowing you to send chat messages to and send a message to the host, panelists, and attendees (if permitted). Question & Answer: Open the Q&A window, allowing you to ask questions to the host and panelists. They can either reply back to you via text in the Q&A window or answer your question live.