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Financial Statements

This topic includes a thorough review of the three main statements; the income statement (profit and loss account), the cash flow statement and the balance sheet.

What is the difference between profit and cash - why do profitable companies go bust?

What does the balance sheet tell us and more importantly what does it not - why the balance sheet is not a company valuation

Having covered the principles participants will prepare a simple set of statements and make some simple judgements based on the results

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