Understanding Profit, Cash Flow and the Balance Sheet

Aim: The delegate will learn about why a business needs a healthy cash flow and how the balance sheet is interpreted.

By the end of this module the delegate can:

• To be able to explain the meaning of profit and identify the different types of profit
• To recognise the importance of businesses managing cash flow effectively
• To understand the relationship between profit and cash in a business
• To interpret the figures on a balance sheet