We look at the benefits of financial competence, explain the difference between cash and profit and between financial accounting and management accounting. We also look at the purposes and structure of a balance sheet, a profit and loss account and a cash flow statement, and how to use financial statements to discover how a company is performing. This module will give the learner a broad understanding of basic company finance and understand more on the day-to-day financial workings of organizations. They’ll gain confidence using different financial models and theories, including how to use ratios to interpret financial statements and how to effectively plan a budget.
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