The shareholders want a good return on their equity and it’s your job to ensure they get it which means you need to understand the Income Statement (Profit & Loss Account), Balance Sheet and Cash Flow Statement, and be able to Analyse the Financial Statements overall. What returns is the company generating on the equity and how does that compare with others in the industry? Which part of the company or business units aren’t performing and which are going well? You must understand all these things and more and, especially if you’re the chairman, be able to explain it all to the shareholders. If things aren’t going well, the AGM can be an even more uncomfortable experience if you’re not fully across and haven’t Analysed the Financial Statements and already taken the appropriate action. These Finance Courses teach you an important aspect of what you need to know as a company director.