Profit vs Cash - Understanding the Differences (1hrs)

This course is presented online in a video lecture format. The duration is one hour. Once purchased you have access to the course for 12 months from the purchase date.

Did you know that essentially the key reason for business failure is running out of cash; if a business no longer has cash, it doesn't matter what else is going on, the business can't and won't survive. Having adequate cash flow is essential to keep a business running. When cash runs out, the company runs the risk of not being able to meet current obligations such as payroll, suppliers and loan repayments. Yet despite this the majority of failed businesses mislead themselves that profitability is the key indicator of success and take their eye off cash flow. This course will introduce you to the significance, meaning and differences between profit and cash flow and provide you with an insight into how to understand both when looking at a set of accounts.

On completion of this course you will:

• Understand the meaning of profit and cash flow
• Appreciate the key differences between profit and cash flow
• Recognise the significance of reviewing both when considering the health of any business and learn how businesses can take control over their cash flow
• Understand how to look at a set of accounts to obtain information to help assess both profit and cash flow.

This course is authored by Neeta Major. Neeta has worked across both the private and public sectors within external audit, financial accounting, management accounting and internal audit. Neeta has been actively involved in the provision of governance, risk, value for money and fraud seminars to managers with a broad range of backgrounds (financial and non-financial).

CPD points = 1

A CPD certificate of completion will be provided by BPP Professional Education Limited upon successful completion of the online course.

Pass Assured Guarantee does not apply for this course.