Mastering Financial Documents: Your Balance Sheet and Income Statement, Explained
Julianikishinaupdated
Instructor Julia Nikishina, September 24, 2025; 1:00 - 3:00 p.m. EST. Online
September 24, 2025 1:00 - 3:00 p.m. EST
Online

Understanding financial documents is essential for smart business management, but they can be so confusing! This practical workshop, led by financial expert Julia Nikishina, demystifies both balance sheets and income statements—two crucial tools for tracking your business health, profitability and growth. Through approachable explanations and real-world examples, she’ll empower you to interpret your own financial reports, make data-driven decisions and communicate confidently with accountants and stakeholders.

In this class, attendees will learn:
- How to read and understand the key sections of a balance sheet and income statement
- The meaning behind core financial metrics, including profit, equity and assets vs. liabilities
- Common mistakes business owners make when reviewing financial statements—and how to avoid them
- How to use your financial statements for smarter day-to-day and strategic decision-making

After this class, attendees will have:
- The confidence to interpret and discuss your own balance sheet and income statement
- A checklist of financial red flags to watch for and practical steps to address them
- Tools to use financial statements as part of regular business planning and growth
- Greater financial literacy—empowering better conversations with accountants, lenders and team members

Additional Information:
This workshop is conducted through Zoom webinar. All you need to join is reliable internet access and computer speakers with good volume.

BOH Insiders get unlimited free LAUNCH classes!
Click here to learn more. If you are already a BOH Insider member and are looking to take this class, please register through your Benefits Portal. Questions? Email membership@businessofhome.com.

New Age Financial Consulting is an independently owned and operated full-service accounting firm founded in 2008 by Julia Nikishina. Originally from Ukraine, Nikishina knows what it means to work hard and has been providing personalized tax planning services for more than 15 years. With a degree in finance from American University, she enjoys helping clients navigate all aspects of their business accounting and is always committed to ensuring their success.