These decisions determine which assets are required and how they will be used within the organization to attain its mission or goal. If you wish to become more familiar with income and cash flow statements download our free eBooks ' Understanding Income Statements' and ' Controlling Cash Flow.'Īs a manager, it is important that you understand how a balance sheet is structured and how to analyze it so that you can take an active role in strategic and business development decision making. Together with the income statement and cash flow statement, it makes up the cornerstone of any company's financial reports. This eBook will give you the knowledge to interpret any organization's balance sheet and draw conclusions about its financial performance and profitability.Ī balance sheet, also known as a 'statement of financial position,' shows a company's assets and liabilities, and the owners' equity. You will increasingly need to be able to communicate in the language of finance as you progress upwards through the levels of management.
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