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If you’re a co-op member – and especially if you’re a board member – being able to read your co-op’s financial statements is an important part of your job. Effective members ensure the co-op is operating sustainably and meeting the needs of the membership, and understanding the co-op’s financial situation is central to that task.
This doesn’t mean you have to be a bookkeeper or accountant. Understanding a few key terms and concepts will help you interpret financial statements like a pro and give you peace of mind that you know what’s going on with your co-op’s finances.
Here are three key indicators to understand and assess your co-op’s finances.
Read the rest at Co-operatives First
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