Finance for beginners
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What are some of the key insights from the field of finance, for business owners, managers and investors? Let me walk you through five big ideas that can help you improve your business and better understand decision-making and financial reporting:
1. Profit is not necessarily the same thing as cash flow.
2. Every financial statement tells a story.
3. Book value (what a company is worth on paper, based on the balance sheet) is not necessarily the same as market value (what a person is willing to pay for it).
4. There are many ways to generate operational income!
5. Time value of money.
1. Profit is not necessarily the same thing as cash flow.
2. Every financial statement tells a story.
3. Book value (what a company is worth on paper, based on the balance sheet) is not necessarily the same as market value (what a person is willing to pay for it).
4. There are many ways to generate operational income!
5. Time value of money.
Philip de Vroe (The Finance Storyteller) aims to make strategy, #finance and leadership enjoyable and easier to understand. Learn business and #accounting vocabulary to join the conversation with your company CEO. Understand how financial statements work in order to make better investment decisions. Philip offers #finance training in different formats: YouTube videos, classroom sessions, webinars and business simulations. Connect with me via Linked In!
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