Finance 101
Finance 101
Finance 101
Introduction to the P&L
In the Finance 101 for CD Practitioners, the focus is on understanding the Profit and Loss statement (P&L) to measure the Business Unit's performance. The key questions addressed include how to read the P&L, which KPIs or ratios are crucial for evaluating performance, and how each line in the P&L contributes to financial outcomes. Additionally, the material touches on the significance of cash flow and how the Business Unit's actions impact cash, emphasizing the importance of taking ownership and accountability for financial implications.
Measuring Performance vs. Targets
The section also delves into how performance is evaluated against targets and the sources of these numbers, such as UOP. It aims to provide a comprehensive overview of financial management for URIC employees, preparing them to become adept General Managers within the organization.
