1 / 8

Financial Management: Exploring Income Statements and Profit

Learn about income statements, revenue, profit, trading concerns, finance, ratio analysis, and budgeting in the context of financial management. Explore essential concepts to make strategic business decisions.

wyattb
Download Presentation

Financial Management: Exploring Income Statements and Profit

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Financial Management Introduction to Business Lecture 45

  2. Income Statement • A statement which tells income or loss. • It is also called profit and loss account.

  3. Revenue Vs. Profit • Revenue is income. • Profit is obtained after deducting expenses from revenue.

  4. Trading Concern • An organization which buys goods for reselling.

  5. Finance • Thinking and considering for long term investments. • Generating revenues to pay back these investments. • To perform day to day activities of an organization.

  6. Ratio Analysis • Ratios tell us relationship among financial figures. • These can be: • Relationship between current assets and current liabilities.

  7. Budgeting • A plan or an estimate for future expenses and revenues. • It will be prepared before the start of the business.

More Related