Section:

Demystifying the Financials



Master Managers knows how to read the different financial statements and how to use the data within these documents to their advantage. 

The goal of the sections to follow is to help demystify the financial statements and give you tools and knowledge that will allow you to make quick, effective, and meaningful decisions on how to achieve success. 
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Gain a true understanding of the company’s two main financial statements.

Understand the actions that can be taken to positively change the financial statements, and thus the financial health of the company.

Understand how to use breakeven analysis to make day-to-day spending decisions.

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Financial literacy is a fundamental for

Success

A Sneak Peak of
Demystifying the Financials

Understand income statements 
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Here is what we will cover in Demystifying the Financials

Balance Sheet

The Balance Sheet represents the total of the company’s Assets, Liabilities, and Net Worth from the day it was founded.

Income Statement

The income statement is a snapshot of the company’s revenues and expenses. It pertains to a defined time period such as a year.

The Significance of Cash Flows

Sales are important, but if you focus simply on sales you can grow your company out of business.
We’ll show you how to avoid that grim outcome and how to make a plan for your future profits and cash flows.

Cash Flow Relationships:
Sales, Profits, & Cash Positions

We’ll demonstrate how sales, profit, and cash are related.
This will allow you to manage your business in good times and bad.

By the end of this section you will:

Gain a true understanding of the company’s two main financial statements.

Understand the actions that can be taken to positively change the financial statements, and thus the financial health of the company.

Understand how to use breakeven analysis to make day-to-day spending decisions. Position Description

Learn about the next section: 
Using the Financials