Finance Pulls the Future Foward.It enables innovation.

John Cousins
February 7, 2023
2 min read

Finance is empowering. It enables innovation. It empowers big risk takers and bold builders and makes the world better. Finance pulls the future forward.

Finance is a critical in-demand career skill. It starts with being able to read and understand financial statements.

Becoming familiar with financial statements and how they are interconnected and flow is a critical skill set for enhancing your career and understanding of business.

Financial statements also underlay Discounted Cash Flow analysis, NPV, IRR, and all the valuation techniques of finance. Therefore, we should spend some time thoroughly understanding financial statements.

Knowing how to read and understand financial statements is a business skill you can’t ignore. Understanding finance fundamentals can help you work your way up the corporate ladder by communicating with others in your company and understanding the big picture. Knowing where your efforts and work can make the most impact is also a helpful skill that financial decision-making tools enable.

When you are thinking about possibly changing jobs and working for a company, you can check their financials and make sure they are a healthy organization. Likewise, if you consider starting your own company, you will need to have your accountant’s financials prepared to talk to investors, bankers, and vendors.

If you want to invest wisely in the stock market, analyze the competition or benchmark your performance, you can look up the financials of any publicly traded company at the Securities and Exchange Commission website’s EDGAR filings and get an idea of how they are doing. But, first, check out any public company’s most recent 10K filing there. A 10K is the Annual Report of the company and its most important business and financial disclosure document.

Share this post
John Cousins
Author, Entrepreneur, & Teacher

Receive my 7 day email course

Take your finance skills to the next level with my 7-day corporate finance email course. You'll learn all the essential topics from financial analysis to risk management in a fun, engaging format. Each day, you'll receive an email with practical examples, exercises and resources. Perfect for aspiring finance pros or anyone looking to expand their knowledge. Get ready to transform your finance game!

By clicking Sign Up you're confirming that you agree with our Terms and Conditions.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

If you like this article. Here are some more articles I think you might like.

Entrepreneurship

AIDA Marketing Framework: Attention, Interest, Desire, Action

This isn’t about the famous opera by Verdi. Its about Marketing.
John Cousins
November 14, 2023
4 min read
Personal Growth

A Pause for the Cause: Don’t get mad, don’t get even, Get What You Want.

Pause and breath. You can’t unring a bell. Don’t say things when you are hot that you will later regret.
John Cousins
November 14, 2023
1 min read
Personal Growth

Embracing the Suck: A Path to an Easier Life

Avoiding challenges in life is like trying to toast bread with a flashlight. It’s a bright idea, but it won’t get you far.
John Cousins
November 14, 2023
4 min read