Financial Statements Made Easy

Pearls

• Don’t be intimidated by the terminology
  Just like medical terminology is confusing to non-clinicians, business terminology may be confusing to individuals without a business background. As you can see from this article, once you begin understanding the basic terms, the concepts are not too challenging.
• Just get started
  The way this information will begin to really make sense is if it is applied to real-world scenarios. Ask to work with your practice’s business manager, accountant, and/or senior partners as the financials are reviewed. These sessions will really help solidify the concepts in your mind as well as make you more confident in interpreting statements on your own in the future.