Overview

Financial reports provide management with the information they need to make informed business decisions. Managers rely on accurate reports to maximise profits and identify areas in need of improvement.

Do you understand how to interpret financial information? Can you find your way around a profit and loss report or explain figures in a balance sheet?

Many people find financial jargon confusing and overwhelming when they step into a supervisory role. In this unit we will look at various types of financial information you are likely to encounter in the workplace and how to use and interpret this information for planning and development.

In this unit you will learn how to:

• Access and interpret financial information
• Apply financial information to work activities.