The most useful financial statements are those that clearly convey information to their stakeholders in the simplest format possible. In this audio lecture, financial consultant Sojeila Maria Silva shares her wisdom from 18 years of management experience. Speaking at the 2007 Nonprofit Boot Camp, she covers different approaches to financial management, what finance and budgets entail in real terms, and how to analyze most commonly used financial statements. She discusses regulatory and strategic designs, and the difference between financial and managerial accounting.