Finance Fundamentals

In this training course on finance fundamentals, participants will gain a solid understanding of key financial jargon and  terminology, empowering them to engage more confidently in financial conversations. The session will provide a clear  overview of the three essential financial statements: the income statement, statement of financial position (balance  sheet), and cash flow statement—explaining their purpose, structure, and interconnections.  

Attendees will also learn practical tips for interpreting financial data, as well as how to spot common red flags that may indicate underlying issues in a business’s financial health.

• Read Income Statements and Statements of Financial Position
• Understand the terminology used on financial statements for more meaningful conversations
• Understand the cash flow statement and the impact on the business of good cash management
• Identify the key differences between businesses and their financial reporting

• We will explore the purpose and definitions of the three key financial statements: the income statement, statement of financial position (balance sheet), and cash flow statement.
• Learn common financial jargon and terminology associated with each statement, enabling clearer communication and interpretation.
• Explore the structure and breakdown of each statement, including key components like revenue, expenses, assets, liabilities, and equity
• Identify critical insights and potential red flags in financial data to support informed analysis and decision-making
• Gain an understanding of the three types of cash flow -operating, investing, and financing - and how financial reporting varies by company size Finance Fundamentals