Explaining a P&L and Balance Sheet
Who is it for?
Anyone who is responsible for or who would like more understanding of financial statements.
What is it about?
Take the fear out of finance! This 75 minute session will give you an understanding of how financial statements are created, as well as demystifying key financial terms. It will enable you to be more confident when discussing a Profit and Loss statement, and give you a greater appreciation of the financial implications of the actions of your business.
What will I get out of it?
This high-energy programme gives an overview of key financial concepts. Everyone who attends will leave with:
A greater understanding of key financial concepts
An improved ability to contribute to financial discussion in their organisation
A refresher of financial planning skills
What will I learn?
Introduction to financial accounting
The Business Cycle
The Balance Sheet
The Profit and Loss Account
Format of the P&L account
The handling of expenses
Other bottom line measures
Analysing financial reports