01
Balance Sheet
Represents the total of the company's assets, liabilities, and net worth from the day it was founded.
Section 07
Demystifying the Financials
Master Managers know how to read financial statements and use the data to their advantage.
This section demystifies the financial statements and gives you tools to make quick, effective, and meaningful decisions about how to achieve success.
- Understand the company's two main financial statements
- Know the actions that improve the financial statements and the company's health
- Use break-even analysis for day-to-day spending decisions
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Financial literacy is a fundamental for success.
What we'll cover in Demystifying the Financials
02
Income Statement
A snapshot of the company's revenues and expenses over a defined time period such as a year.
03
The significance of cash flows
Sales matter, but focusing only on sales can grow your company out of business; we show how to avoid that and plan future profits and cash flows.
04
Cash flow relationships
How sales, profit, and cash positions relate, so you can manage your business in good times and bad.
By the end of this section you will:
- Understand the two main financial statements
- Know the actions that improve financial health
- Use break-even analysis for daily decisions
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