Displaying items by tag: equity

In my last blog post, we looked at what the main financial statement documents are and what they mean. Now that you understand what each of the financial statements are for, this blog post looks more closely at some of the items you can expect to see on the financials, and how this information can help you assess your co-operative’s financial health. 

Financial statements can help board members and managers understand your co-operative’s spending, your financial position, as well as helping boards provide oversight on the spending and financial performance of the organization. This blog post is intended to help directors that aren’t financial experts gain some introductory understanding of the main financial statements co-operatives use and to gain a few ideas of what kinds of information to look for on these statements.