It is no coincidence that directors with accountancy qualifications are at the top of some of the most successful enterprises. Accountancy is the language of business, and those who do not understand it are at a serious disadvantage. Whatever your area of expertise, you need to understand the basics of financial management. This will give you an informed view about the company’s performance, and allow you to play a full role in shaping its strategy. This briefing discusses:
- Profit and loss account.
- The balance sheet.
- Cashflow.
- Measuring profitability.
- Budgeting
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