Days Sales Outstanding

What is Days Sales Outstanding?

Depending on your position in your company, you might see a lot of sales revenue coming into the organization. But when will the the company actually able to use it? Today’s finance phrase can help you find out. Days sales outstanding … Read More »

Why Finance is the Language of Business | Income Outcome

Why Finance Is the Language of Business

There is an astonishing phenomenon that occurs in business. When departments discuss finance, people often use different terms to refer to the same thing.  For example, operating income (or operating profit) is a line on the income statement (or P&L) … Read More »

Business Acumen for Absolutely Everybody

The Economist has a recent article (“Revisiting Ricardo”) on the reasons behind the growing economic inequalities within the poorest countries. One point discussed is that better educated and better skilled individuals are able to connect with individuals and companies in … Read More »