Hi! Welcome to the introduction of the financial management module.

Although financial management and numbers might not be the first love of a social entrepreneur, they are part of the game and can provide the entrepreneur with lots of necessary data to evaluate and navigate the business. We did our best to stick to the essentials and not overload you with details, but give you the structure and knowledge needed to follow up on the financial side of your business.


Let’s give an overview of how this module is structured. We follow the financial management structure which relies on three basic financial documents:

  • The ‘mother’ document is the Balance sheet.
  • The Profit & Loss statement is derived from the balance sheet.
  • The same counts for the Cash flow statement

In this course we will explain which information these documents hold for you, and how you can interpret them.

20 minutes

The lesson The Balance Sheet will take you approximately 20 minutes to work through, that is, if you just follow the explanations.

20 minutes

The lesson The Profit and Loss Account will take you approximately 60 minutes to complete if you only follow the explanations.

20 minutes

The lesson The Cash Flow will take you approximately 90 minutes to complete, that is, if you just follow the explanations.

There is one concept we want to share with you before starting the learning: That is, how financial management is embedded in and relates to all kinds of management needed to run a business.

We will continue to reinforce this throughout this module. Enjoy!