For non-accounting people, talking about the Balance Sheet is the quickest way to end a conversation. Whilst it is often portrayed as a mysterious report, it is actually one of the most beautiful, as it provides information about what an organisation owes, owns – and what it is worth.
In this session, Morri Young will explain in simple terms why the Balance Sheet is one of the most important tools for a decision-maker. You will learn how this report can save you from going to gaol for trading whilst insolvent.
Morri will describe the concepts behind the Balance Sheet, its relationship to the Profit and Loss Statement and what all the terms mean. This session will give you the tools to engage in intelligent conversations with accountants and auditors.
Morri Young is definitely not an accountant but as the Managing Director at Matrix on Board, he works every day with non-profit Boards and CEOs to ensure they have the best information to make great decisions, including financial ones.