Title: Module 3 Introduction: (CU2 M3) Managing Financial Resources for New Ventures
Course: SkillsCom BA 260 15.0 > Section: Credit Unit 2 Module 3- Managing Financial Resources for New Ventures

Just as you like to know how you are doing in college using objective measures like scores, grades, and grade point averages, so you should want to know how your businesses is doing.

In this Module you will look at a number of ways to measure the financial security of your business:

- Income statements will tell you how much profit you have.
- Balance sheets will tell you the health of the business, in terms of what you own and what you owe.
- Cash flow statements will let you know if the business has a ready supply finance flowing through it, or whether it is anemic and in danger of dying.

Module Outcomes:

- Explain the components of the balance sheet, income statements and cash flow statements.
- Evaluate the different sources of capital for new ventures.