Why Should You Attend:
If you don’t prepare your own profit and loss statement, you may not understand what your are trying to communicate about your business’ financial performance. Many business owners and senior executives have stacks of reports they never look at because none of them seem to make much sense. Understanding your P&L is vital to small businesses because it also serves as the income statement. Whether it’s time to apply for business credit or a loan, or time to sell your business, you’ll need to bring your P&Ls going back 2 to 3 years. This webinar will help you understand the terms, format, and key performance indicators of profit and loss statements.Areas Covered in the Webinar:
Critical elements of a profit and loss
What are revenue, sales, and profit and when do I use these numbers?
Profit and loss as an income statement
Operating expenses, EBIT, EBITDA
Where are the losses? - How to tell if you’re spending more or earning less
More revenue is not growth – How do I tell the difference?
How often should I review and run a P&L?
If you don’t prepare your own profit and loss statement, you may not understand what your are trying to communicate about your business’ financial performance. Many business owners and senior executives have stacks of reports they never look at because none of them seem to make much sense. Understanding your P&L is vital to small businesses because it also serves as the income statement. Whether it’s time to apply for business credit or a loan, or time to sell your business, you’ll need to bring your P&Ls going back 2 to 3 years. This webinar will help you understand the terms, format, and key performance indicators of profit and loss statements.Areas Covered in the Webinar:
Critical elements of a profit and loss
What are revenue, sales, and profit and when do I use these numbers?
Profit and loss as an income statement
Operating expenses, EBIT, EBITDA
Where are the losses? - How to tell if you’re spending more or earning less
More revenue is not growth – How do I tell the difference?
How often should I review and run a P&L?
Speakers
Dr. Gina J. Lowdermilk,PhD (ABD), CAMS, CRMS is a highly experienced and educated BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work from small community banks to large, international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. She has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as requested from numerous clients.
