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The Melting Ice Cube Series – Part 2: A Brief History of Money
Since this series is primarily concerned with the question "What is money?" it’s necessary that we at least have a general historical perspective of humanity’s relationship with money. What money have we used in the past, and how has it changed as humanity came into contact with successively superior forms of money? We weren't always using rands and dollars. Money, just like technology, language and life itself, evolves. In fact, the most recent form of money,...
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Understanding and achieving a healthy cash flow [Part 4/4]
The cash flow statement is the final piece of the puzzle when it comes to the monthly management reports that we prepare here at Creative CFO. This is without a doubt one of the most important and often overlooked financial reports within the monthly report pack. The cash flow statement in context The profit and loss statement, discussed in an earlier blog, provides information on the revenue and expenses over a certain period of time. This is...
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