Using the Financials
Master Managers understand how cash flows through a business.
With a new understanding of the basics, we will focus on specific elements that grow (or shrink) the bottom line. We start by calculating our own financial ratios and set realistic goals for our business. Then dive into understanding cash flows. We conclude with how to use break-even analysis to inform everyday decisions.
By the end of this section you will:
By the end of this section you will:
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A Sneak Peak of
Using the Financials
Current and quick ratios
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Here is what we will cover in Using the Financials
The Income Statement.
One of the three important financial statements (balance sheet, statement of cash flow, income statement) used for reporting an organization's financial performance, primarily focused on revenues and expenses over a specific accounting period.
The Balance Sheet.
The balance sheet is one of the three fundamental financial statements (income statement, statement of cash flows, balance sheet). It shows the organizations total assets and how these assets are financed, which is debt or equity.
Financial Ratios and Analyses
Financial ratios are calculated from a company’s actual financial statements, the Income Statement and the Balance Sheet. We construct these ratios to provide us with specific information regarding a particular part of the business.
By the end of this section you will learn:
The Income Statement
The Balance Sheet
Financial Ratios
Cash Flow
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