Cash is spending power!
Typically most internally prepared financial statements have a balance sheet, a profit and loss statement, and may have a variety of rollups from individual business units or locations that they may be tracking separately, such as a contractor where each job is set up individually and they can manage the profitability of that job expenses, etc. Reconciling net income to change in net cash for period has direct and indirect method options. This video will describe those options as well as what cash flow is impacted by.
Agenda
Faculty
Theran J. Welsh, CPA
Playmaker, LLC
- Playmaker, LLC
- Focus is on helping contractors create shareholder value by understanding their cost structure to bid and win profitable work and ensure their tax structure is a model to support a sustainable organization
- He spends time with contractors to identify options for revenue reporting to reduce tax liability and identify industry-specific tax strategies to reduce tax liability, with the end goal of creating shareholder value
- His experience will help executives of construction companies identify the key performance measurements to pursue profitable work to sustain their organization
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