Managers should know the basics about finance or money.

Managers are in charge of getting things done while making sure employees are happy and working hard, company values are being upheld, and, hopefully, money is coming in.

Managers can’t guarantee the success of their companies if they don’t know about money, at least in terms of a business’s expenses and income. So, all managers should have these basic financial skills to make sure that the money is in line with the goals of the company.

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Three viewpoints on a company's financial performance are provided by the balance sheet, income statement, and cash flow statement.

What assets does your business own and what

Ratio analysis lets you look more closely at the information in the three financial statements.

Financial statements tell you a lot about a

Profit, as indicated on the income statement, is different from net cash, as indicated on the cash flow statement.

Why is this the case? There are three

A company needs more working capital to operate the business the longer its Day Sale Outstanding is.

Most businesses fund client purchases of goods and

Tools for accounting and finance that provide solutions to some of the most crucial management issues

The fields of finance and accounting offer a

Summary

The amount of working capital, which normally increases