Financial Statements. Ittelson Thomas

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      • How an enterprise can be rapidly growing, highly profitable and out of money all at the same time…and why this state of affairs is fairly common.

      • Why working capital is so very important and which management actions lead to more, which lead to less.

      • The difference between cash in the bank and profit on the bottom line, and how the two are interrelated.

      • When in the course of business affairs a negative cash flow is a sign of good things happening… and when it’s a sign of impending catastrophe.

      • Limits of common product costing systems and when to apply (and, more importantly, when to ignore) the accountant’s definition of cost.

      • Why a development investment made today must return a much greater sum to the coffers of the company in later years.

      • How discounts drop right to the bottom line as lost profits and why they are so very dangerous to a company’s financial health.

      • How risk is different than uncertainty, and which is worse.

      • Why a dollar in your pocket today can be worth a lot more than a dollar received tomorrow.

      • The necessity (and limitation) of forecasting cash flows over time when making capital investment decisions.

      • When to use NPV analysis and when to use IRR, and why it is important in capital investment decision-making.