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Understanding basic numeracy skills with Financial Reporting for Business

Edwina Baden-Powell
By Edwina Baden-Powell

Accounting reports convey information about cash, profit and financial position to the owner and key stakeholders of a business. This series explores the content and format of the three key accounting reports: the balance sheet, the profit and loss, and the cash flow statement. It will build on students' basic numeracy skills as they prepare to learn new formulae for exams pertaining to financial reporting. The case studies provide tangible examples that will bring theoretical concepts to life.

Cash Flow

Cash flow is integral to any business and ensuring that more cash flows in than flows out is the fundamental rule of successful operations. An ideal resource for senior secondary and TAFE students of accounting and business, this video explores the difference between cash and profit and looks at what should be included in the different areas of a cash flow statement.

This series is a fresh new look at content covered originally by popular titles Financial Reporting for Business (2008), The Money Go Round: Cash Flow (2006) and The Bottom Line: Balance Sheets and P&Ls (2006). Each video is sleek and concise, perfect for integration into schemes of work and student/pupil revision schedules.

Richard Foster, Industry Fellow at the Faculty of Business and Economics, Monash University, provides his expert definitions and explanations of tricky accounting concepts, while Pat Coppel, director and owner of Make Designed Objects, gives some real-world perspectives on how he runs his own business in Melbourne.

 

Series: Financial Reporting for Business
Production Year: 2019
Audience: Secondary, Tertiary, TAFE
Subject: Economics & Business

See more videos in Financial Reporting for Business series

Cash Flow is one episode in our six-part series on understanding key financial concepts behind successful businesses. See more videos in the series below:

Balance Sheets

This short yet comprehensive video introduces the balance sheet as a snapshot measure of what a business owns and owes. With visual examples of a working balance sheet and discussion of its importance and applications courtesy of industry experts, senior secondary and TAFE students of accounting and business will find it to be a valuable resource.

Balance Sheets: Assets & Liabilities

Presenting clear and concise definitions of a balance sheet’s key components by industry experts, this short video will aid students in senior secondary and TAFE accounting and business courses to understand the difference between current and non-current assets and liabilities, and what significance the monetary values placed on these items have on a business’s financial position.

Profit and Loss Statements

This short video introduces the profit and loss statement as one measure of a business’s performance. Though visual examples and succinct explanations by industry experts, students taking accounting and business courses at the senior secondary and TAFE level will learn how revenue and expenses are reported and the importance of the resulting statement for business owners, suppliers, investors and other stakeholders.

Profit and Loss Statements: Revenue, Expenses & Profit

In this video, senior secondary and TAFE students of accounting and business will find accessible and contextual definitions by industry experts of three key accounting terms – revenue, expenses and profit – and how these factors interrelate in profit and loss statement calculations.

Cash Flow: Problems and Management

Without positive cash flow, businesses can find themselves in a dire financial situation: a cash flow crisis. This video looks at the cash flow forecast as a way for a business to predict its expenses and revenue and put effective measures in place to manage them for an improved financial position. Accounting and business students in senior secondary and TAFE courses will find this to be a practical and informative resource.


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