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.