Income Statement

Understand the purpose and nature of the three key financial statements: Income Statement, Balance Sheet and Cash Flow and the accounting principles on which they are based.


Understand how they reflect individual business transactions and their role in controlling and measuring business performance

Delegates will:


• Understand how business decisions impact organisations’ financials and keyperformance indicators.


• Be confident in financial discussions – gain financial fluency and understandterminology and concepts.


• Understand the drivers of your profit and loss account, and the interrelationship of the financial statements.

• Be able to differentiate between profit and cash flow.


• Develop superior cost management skills and understand how to conducteffective investment appraisals.


• Understand the implications for planning and reporting in the listed companyenvironment.