Course overview

Understand Your Financial Statements

Understanding your business' financial statements is the first step to taking control and making data-based decisions. But in order to do so, you need to first understand what they are, how to read them, and why they are important. In this session, we cover:

  • Basic accounting terminology
  • How to read the two key financial statements: Income Statement & Balance Sheet
  • How the numbers can be used to evaluate big-picture decision making


This session is part of Clatsop SBDC's Summer Small Business Boot Camp.

Sarah Lambert, Principal at Riverview Bookkeeping LLC and former SBDC Advisor

Sarah Lambert, Principal at Riverview Bookkeeping LLC and former SBDC Advisor, has been a bookkeeper for over a decade. She is a certified QuickBooks ProAdvisor ELITE and specializes in bookkeeping and payroll. At the Clatsop SBDC, Sarah helps small businesses get their books and financials on track through one-on-one advising and regular workshops.

Co-Sponsor(s): Wauna Credit Union and OSU Extension

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