You cannot view this unit as you're not logged in yet.
Important Financial Statements
SME Evolution Program

0 POINTS
Complete the units, enroll in new courses, answer survey questions
By gaining points, you can win a personalised one on one coaching session
Complete the course to see how your learning has improved and gain 10 points
Answer the questions in each unit to generate your custom action plan and gain points
Collect points to be able to ask an expert any question you may have
Module 1 | SMEEP | |
---|---|---|
Unit 1 | Setting UP a Strategy | |
Unit 2 | Innovation Process | |
Unit 3 | Essential Leadership Skills | |
Unit 4 | Tips for Building the Right Team | |
Unit 5 | Steps to Launch Any Marketing Campaign | |
Unit 6 | 2 Essential Sales Skills that Everyone Should Learn | |
Unit 7 | 5 Important Legal Documents to Have in Any Organization | |
Unit 8 | Important Financial Statements | |
Unit 9 | Successful Project Implementation | |
Unit 10 | 3 Things you Should Know About your ICT Environment | |
Unit 11 | 4 Considerations to Keep in Mind When Talking to Funders |
Survey Questions
Hi, In this video you will learn about the most important financial statements in any organization.
Financial statements help to manage your business by showing you where the money came from, where it went and where is it now, allowing you in turn to ensure that you have a healthy business.
The three most Important Financial Statements are:
-
The Balance Sheet which highlights the assets – what you own, liabilities – what you owe, and capital – what is owed to owners. Assets = liabilities + capital.
-
The Profit or Loss Statement – P&L for short – also called Income statement includes how much sales or revenue you made over the year less theexpenses.
-
The Cash Flow statement includes in the Inflows and outflows of cash in the company. This document is updated on a monthly basis since you always need to ensure you have enough cash to pay for your expenses.