by Alexander Schwedeler | Oct 26, 2019 | Blog IMO Finance, IMO Finance |
04. The profit and loss statement The profit and loss statement, also called P & L, or income and cost, shows us the income of an organisation, and its cost. The cost is being subtracted from the income. What remains is the profit, or a loss. While the balance...
by Alexander Schwedeler | Oct 26, 2019 | Blog IMO Finance, IMO Finance |
03. Financial health Recently I visited a client who had the question whether the finances of his company are in good shape. He asked me: what is a financially healthy company? Together we started by looking at the last two or three annual reports. In those the profit...
by Alexander Schwedeler | Oct 26, 2019 | Blog IMO Finance, IMO Finance |
02. How to read the balance sheet? The balance sheet shows the numbers in a certain moment of time. In most cases it shows the status of assets and liabilities at the end of the year. There are also many companies around who have their year ending not at December 31,...
by Alexander Schwedeler | Oct 26, 2019 | Blog IMO Finance, IMO Finance |
01. The Balance Sheet The balance sheet shows on the right side from where the money is coming, or to whom it belongs. It shows the equity, which is my own money. And it shows the liabilities, which is money from others. Both - if added - result in what is called the...
by Alexander Schwedeler | Feb 6, 2019 | IMO Finance |
Introduction In this blog I would like to explain some of my own practical experiences in working with financial information, with reading a balance sheet, a profit and loss sheet, and a cash flow calculation. I was encouraged to do so by Adriaan Bekman and by...