Financial statements for non-finance managers (draft)

About this course

How to read the three main financial statements, the difference between profit and cash, and the key ratios managers are asked about. No finance background needed. General education only.

What you'll cover

1. 1.Why the numbers matter — The three statements and who uses them · 4 min
2. 2.The income statement — Revenue, costs and profit · 6 min
3. 3.The balance sheet — Assets, liabilities and equity · 6 min
4. 4.The cash flow statement — Where the cash came from and went · 5 min
5. 5.Profit is not cash — Why a profitable business can run out of money · 5 min
6. 6.Key ratios — Quick checks on performance and health · 5 min
7. 7.Scenarios — Three real situations. What would you do? · 4 min