Understanding Finance

The multimedia takes a new approach in that it combines realistic video drama and extensive interactivity with Nick Rints' financial model, which has been refined through years of successful courses explaining company accounts to non-financial staff in major companies and training and educational institutions.

Nick Rints uses a computer animated model of water tanks, pipes, valves, pumps and meters to explain how a business uses money.
Extensive interactivity provides users not just with the means to test and consolidate their knowledge, but with the opportunity to build sets of accounts, including the profit and loss account and balance sheet.

Topics will show how to read :

• Why do we need published accounts?
• What is a Balance Sheet - what are Assets and Liabilities?
• Why do companies borrow? What are the relative merits of using equity
   and borrowed funds?
• How do companies (and the tax authorities) treat the purchase of capital   items?
• Why is working capital important in many businesses and why do
   different companies have different needs?
• Why is a balance sheet presented the way it is?
• What happens to profit - especially that retained in the business?
• Liquidity: How can a company have substantial retained profit, yet still be
   short of cash?
• What can we learn from a company's balance sheet


System Requirements:

Pentium Grade (Recommended Pentium III), 64 MB RAM (Recommended 128 MB RAM), Multimedia Kit 24X CD-ROM Drive.
Windows 95/98/2000/NT/XP/VISTA