Sustaining Effective Financial Control

Reading your profit and loss accounts what it does and doesn't tell you applying ratios and measures of performance benchmarking against your competitors Actions to improve profitablity fundamentals of costing and knowing your break even point understanding how costs may vary with sales key measures of efficiency and productivity identifying your key performance drivers using budgets; dealing with variances Understanding your balance sheet what it does and doesn't tell you identifying working capital applying measures of performance Managing working capital stock management debtors and credit management creditors and other payments Managing your cash resources understanding cash flow forecasts profit v. cash