STATEN ISLAND, N.Y. (December 7, 2023) – Having a clear picture of one’s finances is essential when running a business. An upcoming SCORE-Staten Island online seminar is designed to help business owners secure stability through an understanding of financial statements.

The free webinar – sponsored by Richmond County Savings Bank, a division of Flagstar Bank, N.A., Member FDIC – will take place Wednesday, Dec. 20, 1 to 2 p.m., via Zoom.

“Every businessperson needs to understand their financial statements and how to present them to a banker. These are basics that can help any business with its operating and funding needs, as well as tax matters,” said the seminar’s presenter, Frank J. DeCandido, CPA/MBA, Certified Financial Planner® and a former president of the Staten Island Chapter of the New York State Society of Certified Public Accountants (NYSSCPA).

Topics covered during the workshop will include: Understanding and Using Financial Statements; Income “Profit & Loss” Statement; Cash Flow Statement; Balance Sheet; Break-Even Analysis, and Benchmarking and Financial Ratios. A question-and-answer session will follow.

HOW TO REGISTER

Those planning to attend the workshop may register online at https://us02web.zoom.us/webinar/register/WN_jvXwZrovRZiqqJfoSlTrcA#/registration, or leave a message for Marie at SCORE (718-727-1221) with their phone number and email address.

About SCORE-Staten Island

SCORE-Staten Island is dedicated to fostering a vibrant small-business community primarily in the New York City boroughs of Staten Island and Brooklyn. The organization provides cost-free education and confidential mentoring to both aspiring and established entrepreneurs. Headquartered at 1855 Victory Boulevard, in the Salmon Real Estate Building, Castleton Corners, SCORE-Staten Island is Chapter 476 of the nationwide SCORE nonprofit association. A resource partner with the U.S. Small Business Administration, SCORE is funded in part through a cooperative agreement with the SBA. All opinions, conclusions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA. For additional information, or to schedule an appointment, SCORE-Staten Island may be visited at https://score.org/statenisland; telephoned at 718-727-1221; emailed at SCOREStatenIsland@ScoreVolunteer.org, and visited on Meta/Facebook  (https://www.facebook.com/SCOREStatenIsland) and LinkedIn (https://www.linkedin.com/company/score-mentors-staten-island).

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