What business owners need to know

As a business owner, you know financial statements are important, but like an Apple watch you only use to tell time, there is so much information packed into financial statements, the resources can be easily overlooked. This seminar will illustrate examples of how business owners can use their financial statements as a decision making tool to positively impact their cash flows and bottom line.  It will also translate future accounting standards into language business owners can understand.

Presenters John Lawson and Brandon Reinschmidt will cover:

What are the new standards?

• Revenue recognition (2018 and 2019)
• Lease accounting (2019 and 2020)

Understanding financial statements and the importance of managing receivables, inventories and payables

Understanding the new revenue recognition (2018 and 2019) and lease accounting (2019 and 2020) standards

Seminar Speakers

Brandon Reinschmidt, CPA, is an auditor and senior manager at SDK, and chair of the manufacturing group.