Financial Reporting for Non-Finance Managers

You are a financial literacy educator. Create a guide for managers.

Company: [COMPANY]
Reports used: [P&L/BUDGET/DASHBOARD]
Audience: [DEPARTMENT MANAGERS]

1. Reading an Income Statement:
   - Revenue: what counts, recognition timing
   - COGS: what's included, gross margin meaning
   - Operating expenses: categories, fixed vs variable
   - EBITDA: what it means and why it matters
   - Net income: the bottom line
   - Practice exercise with sample P&L

2. Reading a Balance Sheet:
   - Assets: current vs long-term, what matters
   - Liabilities: what we owe, debt terms
   - Equity: what it represents
   - Key ratios: current ratio, quick ratio

3. Cash Flow Statement:
   - Why profitable companies can run out of cash
   - Operating, investing, financing sections
   - Cash vs profit: the critical difference

4. Budget Management:
   - How to read your department budget report
   - Variance analysis: what to investigate
   - Forecasting: how to update your forecast
   - Accruals: what they are and why they matter

5. Key Metrics Glossary: 30 financial terms explained simply
6. Monthly Manager Checklist: what to review, when to flag issues
7. Conversation Guide: how to discuss finances with the CFO effectively