Statement of Cash Flows vs. Cash Flow Statement

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The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible.

Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-looking forecasts to predict cash levels.

Join Wayne Spivak, experienced CFO and corporate finance expert, for an insightful discussion on managing cash flow and company profitability. Attendees will walk away with an in-depth understanding of the following:

What is accounting?
Your CFO vs. your CPA
Statement of Cash Flows vs. Cash Flow Statements, and which one is more important to your business

April 6th, 2023 at 9:30am PST, 12:30pm EST, 5:30pm GMT

Brought to you by:

Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

Wayne Spivak is an experienced CFO, CIO, COO, and CEO, having spent the last 30 years in the small/medium-sized business market space. He has been the President of SBA * Consulting since 1995, originally focusing on Manufacturing Accounting Systems (MRP implementations), Accounting Information Systems, Information Technology, and Finance.

His company now provides CFO services to the mid-market, where seasoned C-Level and Senior Managerial consultants apply their areas of expertise to creating, facilitating, reporting, and suggesting improvements from the results of a 360° GAP Analysis, as well as business continuity services including cyber security and Incident/Crisis Management Assistance Teams.

Mr. Spivak has served as the outsourced CFO of a major high-fashion modeling agency for over 10 years. During that time he enabled and implemented a state-of-the-art, industry-specific accounting system (where he was part of the system analysis team) and was part of the team responsible for maintaining a yearly 30% increase in sales, through one minor and one major recession. He was the New York partner at Hardesty LLC, an outsourced CFO firm, and was a partner at Management Interactive LLC, and the Fund Manager of Prime Resonance Ventures LP, a private equity firm.

He is currently a Contributing Editor at CFO.com, an Advisory Board Member at Ithaca College, a Judge for MassChallenge, and the VP, CIO, and Board Member for the Association for Rescue at Sea, Inc., a 501(c)(3) charity. Mr. Spivak was an Adjunct Faculty member of Lehman College, City University of New York, for ten years teaching several different Accounting and Accounting Information Systems courses. He is an experienced panelist and speaker at numerous events in the Finance, Academic, and Legal areas. He holds a Bachelor of Science from Pace University.

He lives on Long Island with his wife Wendy and their 12-year-old Cockalear, McQ; where he enjoys sailing, walking, and cycling.

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