MHRC: Management of Human Resources Cohort: Week Two

Harvard Business Review (2:18 min)
Joe Knight, coauthor of Financial Intelligence, explains the financial statement—and why managers should get involved in finance.

Films on Demand Segment from "Introductions and Definitions" (1:41 min)
Income Statements report revenue and expenses. Balance Sheets report amount of assets, liabilities, and owner's equity. Owner's Equity and Statement of Cash Flow are two other reports.

Films on Demand Segment from "Balancing the Books: Understanding Financial Reporting" (6:23 min)
Accountants use performance indicators or ratios to analyze financial statements. Three areas are analyzed: profitability, efficiency, and liquidity. Four examples of ratios are provided.