In this 13-minute video our speaker, Stephen Doneson, CPA, reviews the balance sheet which is a snapshot of the company at a certain point in time. The balance sheet depicts resources the company maintains to make profits and how those resources are being financed. It reveals what your assets are buy adding together the liabilities and equity. Mr. Doneson also reviews the key components of the income statement. The income statement details the activity (income, expenses and profits) over a period of time. It depicts how well an entity has used its assets to produce profits. He wraps up with video by discussing the cash flow statement which presents a detailed summary of all the cash inflows and outflows and the sources and uses of cash during the period.
Stephen Doneson, CPA is an audit senior at EisnerAmper LLP with more than four years of experience. He focuses on financial statement audits for public and private companies and the audits of employee benefit plans. Mr. Doneson’s industry experience includes manufacturing and distribution, technology, restaurant, and insurance.
Agenda
Faculty
Stephen Doneson, CPA
EisnerAmper LLP
- Audit manager at EisnerAmper LLP with more than five years of experience
- Focuses on financial statement audits for public and private companies and the audits of employee benefit plans
- Industry experience includes manufacturing and distribution, technology, restaurant, and insurance
- Member of the American Institute of Certified Public Accountants (AICPA) and the Pennsylvania Institute of Certified Public Accountants (PICPA)
- B.B.A. degree in accounting, Temple University
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