As part of the due diligence process an investor should review the historic financial reports and forward looking financial projections of the company in question.
Moving past the traditional three main reports, there is a fourth report you should be asking for and reviewing.
Even better than four reports is one. Here is a framework based on the income statement that puts everything you need onto a single page.
Understanding financial reports can be a challenge. That challenge increases when the accountant/CFO follows some bad (but common) practices
The financial reports look backwards at what happened. The financial model looks forward to project what will happen in the future.
Lastly, we take questions from the live audience (recorded at the first Angel Accelerator, powered by Fledge in 2020)