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  • Module 1 Lecture 2 - Overview of The Finance Principles

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    Module 1 Lecture 2 -- Overview of the Finance Principles

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    12 views11 pages

    Module 1 Lecture 2 - Overview of The Finance Principles

    Uploaded by

    MADHURA RAUL

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 11

    Business Tools for Career Readiness

    Finance for
    Non-Financial Professionals
    Module 1

    with David Standen, D.B.A.


    The Financial Equation:

    Income = Revenue - Cost


    The Financial Equation:

    Revenue = Price × Volume


    The Financial Equation:

    Cost = Fixed + Variable


    The Financial Equation:
    Profit = Revenue – Cost

    Revenue = Price × Volume

    Cost = Fixed + Variable


    ?
    ?
    Accounting vs. Finance
    ?
    ? ?
    The Accounting Equation:

    Assets = Liabilities + Equity

    The Financial Equation:

    Income = Revenue - Cost


    Accounting vs. Finance
    • Tracking things
    Accounting vs. Finance
    • Tracking things • Using what we are
    tracking to get:
    • Costs reduced
    • Revenue increased
    • Increase bottom line

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