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[Music] Im Jason Williams executive director for SMS advisors and board of directors member for I assume Carolinas Virginia I want to talk about financial statements I know we talked about Finance and get a little nervous as professionals because were talking about numbers and were not as knowledgeable as we like to be but this segment is going to give us a little more power so we can speak more confidently about financials the first thing that we need to know is that there four types of financial statements that we should care about for the most part now there are many different types of financial statements there are four types that were going to focus on there is the income statement which is also called the PL or profit and loss theres the balance sheet theres the statement of retained earnings and then theres the cash flow statement for our purposes today were going to focus on the income statement or whats also called the profit and loss lets talk about why it is impo
