In the world of business finance, managing cash flow effectively can mean the difference between thriving and merely surviving. One critical metric that businesses often use to gauge their efficiency in this area is the Cash Conversion Cycle (CCC). This … Read More
The Cash Flow Statement is an analysis of sources of cash that flowed into and out of the business for the accounting period. The information is grouped by functional department, because Cash can be freed up from anywhere (such as … Read More
Sometimes people working for non-profits or not-for-profit organizations are unfamiliar with basic business concepts and ideas. Non-profits don’t consider themselves to be “in business.” They see themselves as an organization working for the betterment of the community or the world. … Read More
There’s a question I hear occasionally about the use of Income/Outcome for teaching fundamental business concepts: “But would it work in other countries?” That’s like asking if the Periodic Table of elements applies on other planets. The answer is Yes. … Read More
In this series I’m using the Financial Times’ definition of business acumen as “keenness and speed in understanding and deciding on a business situation.” The word “acumen” means keenness, but in “business acumen” speed is also crucial, and is included in the definition. To … Read More
Apple will shortly begin paying a regular dividend, which some investors take to be a bad sign. Apple is now sitting on $100 billion in cash and investments – see the illustration of their 2011 year-end financials below: apart from … Read More
In 2001 Eliza and I went to Kitwe in the Copper Belt area of Zambia, to run Income/Outcome workshops for Chambishi Metals and to license them to do their own training. We ran a ‘Finance For Everyone’ (Level 2) workshop … Read More