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Instant MBA by Nicholas Bate

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26. Financial feedback

How to read those statements.

And I can make it soooo easy, too!

A critical MBA skill is clearly the ability to attempt to assess the financial health of an organisation. There are three major documents to consider:

image   The balance sheet. This is a ‘point in time’ picture of the health of the company concerned.

image   The profit and loss account. This illustrates whether an organisation is making money and making profit.

image   The cash-flow ...

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