This 90-minute session looks at the key knowledge needed to read and understand the Financial Statements and how this links to everyday operations in your organisation. It covers the purpose and structure of the Income Statement and the Statement of Financial Position, as well the terminology and jargon associated with them, before looking at the ratios that can be performed on them.
This short session is a good starting point suitable for non-financial managers or anyone moving into management who needs to understand financial information they are being presented with and understand the language of finance.
By the end of this session, you will be able to:
- Read Income Statements and Statements of Financial Position and link to business decisions.
- Understand the terminology used on financial statements for more meaningful conversations
- Perform key financial ratios to understand how the business is performing