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Module 5 

Finance for non-finance people

“In the business world, the rear-view mirror is always clearer than the windshield.” 

 

Warren Buffet

 

  • How much do you know about finance?

  • The three primary financial reports (P & L, Balance Sheet & Cash Flow Statement), what they mean and why we have them

  • How to read a P & L and Balance Sheet

  • The four places for profit and how a profitable business can go bust

  • Financial terms and what they mean eg. turnover, gross profit, debtors, creditors

  • Other reports that an FD can provide.

  • What does shareholding in a business mean and how to value a business.

  • The story that the numbers can give you

  • Insurance requirements (PI and PL)