Learning goals :
- To understand and employ performance measurement indicators.
- To be able to measure the impact of different financing choices on the financial health of the company.
- To read and analyze the financial statements: balance sheet and profit and loss account.
- To learn how to prepare a financial diagnostic.
- To learn to build financial dashboards
Chapters :
- General introduction
A word from the author:
Irrespective of your personal or professional circumstances, you need to grow your assets, either for yourself or for your company. You can then enjoy the fruits of these assets and continue to develop them. To grow your assets you first need to understand their language. This language is often called “Finance”. Once you have understood this language, you can communicate with, and then challenge, your finance managers to ensure that the right decisions are made.
In this program, we present the key definitions offered by this financial language, and its key financial impacts on managing a business.
Growing your assets is like growing your money tree; you need two things:
- Firstly, the right investment. For example, a good tree needs suitable land, climate, sun, water etc. It is to the same thing for a business. To open a factory, you need land, equipment, etc.
- Secondly, you need the right operations. For example, every day, you need to water the money tree and check on the quantity of fruit harvested. In business, you will collect money from sales, make payments to suppliers, and so on.
