Understanding Financial Statements

The Corner, Alle-Kiski’s destination for entrepreneurial learning, coworking, and community activity. Anchoring New Kensington’s Corridor of Innovation, The Corner catalyzes and celebrates the city’s transformation into an inviting home and business destination for entrepreneurs and small business. Thoughtfully designed and equipped for individuals and small organizations, local residents, and visiting businesses, The Corner is the place to do business and grow your community.

The Corner

Community and Business members are invited to join us at The Corner on May 9th for an Understanding Financial Statements Presented by <A HREF="https://westmoreland.score.org/" TARGET="_blank" DATA-MSYS-CLICKTRACK="0" REL="nofollow noopener noreferrer">Westmoreland SCORE</A>!
Financial statements are the report card of business.  Whether you are an owner, a manager, an executive or nonprofit director, you need to understand them.  This two-hour workshop will cover:
<UL>
<LI>How to construct, read and analyze financial statements</LI>
<LI>The four basic types of financial statements</LI>
<LI>Levels of financial statements</LI>
<LI>Capital
<UL>
<LI>where the money came from</LI>
<LI>where the money went</LI>
<LI>where the money is now</LI>
</UL>
</LI>
<LI>How creditors look at financial statements</LI>
<LI>What's important for loan applications</LI>
<LI>How to understand cash flow</LI>
</UL>
Thomas A. Marx, workshop presenter, spent 45 years in the banking industry in Seattle, Washington.  Bank of America purchased a bank, where Marx spent more than 30 years, in 1983.  After 15 years of commercial lending to companies of all sizes, he was elected as Executive Vice President and given the task of building a private bank in the state of Washington.  He grew that operation from a division of 75 people with $100 million in loans in 1986 to over a billion dollar portfolio in 1998 with 45 people.  Following retirement from Bank of America, he was part of a group which started a community bank in Seattle primarily focused on SBA loans.  Marx retired in 2014 and moved to the Pittsburgh area.
SCORE is a nonprofit association that provides assistance to existing and start-up businesses through free, confidential counseling and mentoring as well as free workshops. 
We invite you to come early or stay afterwards to enjoy tours and learn about entrepreneurship, coworking and all the opportunities availabile for entrepreneurs, businesses, and the community at The Corner. For more information about The Corner, visit our <A HREF="http://thecorner.place/" TARGET="_blank" DATA-MSYS-CLICKTRACK="0" REL="nofollow noopener noreferrer">website</A>.

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Understanding Financial Statements

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Understanding Financial Statements

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