Ten things to look for in your co-op’s financial statements
Help for the non-expert to understand the financial statement: the single most important indicator of your co-op’s financial health.
Have you ever looked at your co-op’s financial statements and wondered what it all means? Most directors don’t have training in bookkeeping or accounting, and it’s not easy to get much out of those statements if you’re not sure what to look for.
That can be a problem, because the financial statement is the single most important indicator of your co-op's financial health.
Starting with basic definitions we'll dive into your co-op's own statements with an exercise to learn about ten key things to watch for when reviewing your co-op’s finances.
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