Advanced Understanding Financial Statements

How to read financial statements

What you'll learn

Understand profitability and cash flow of a business

How to read financial statements

Use key data from the financial statements

The course teaches the three main statements, Income Statement, Statement of Financial Position and Cash Flow Statement

Requirements

The only prerequisite is that the learner must have a basic understanding of bookkeeping and accounting to enable the learner to understand the reading of the financial data.

Basic understanding of Financial Statements

Description

This Advanced Understanding Financial Statements online course is designed to show the entrepreneur, managers, professionals, bookkeepers and other uses of financial statements, how to read and use key data from the financial statements. The Understanding Financial Statements material has been prepared with a global audience in mind, as the core of the material revolves around IFRS – the International Financial Reporting Standards, which as the name suggests, are the accounting rules used by accountants around the world. The US Dollar (USD) has been used to denote the amounts, but any currency can be used to explain the principles.This comprehensive e-learning course is designed to show the entrepreneur, managers, professionals, bookkeepers and other uses of financial statements, how to read and use key data from the financial statements, to understand profitability and cash flow of a business.The course teaches the three main statements, Income Statement, Statement of Financial Position and Cash Flow Statement, to manage the cash flow cycle from purchases to banking the cash.By completion of this course, you will be able to efficiently read the main financial statements, and using a number of key figures, develop a story line of the effectiveness of the business in generating sales revenue through to cash flow.Topics discussed during the online course:· Introduction and definitions· Statement of financial position· Non-current assets· Inventory· Receivables & payables· Taxation· Equity & debt· Income statement· Cash flow statement· How to read financial statements· The Two Step Tango model

Overview

Section 1: Overview

Lecture 1 Course Preview

Section 2: Chapter 1: Introduction and definitions

Lecture 2 Module 1: Introduction

Lecture 3 Module 1a: Definitions

Lecture 4 Module 1b: Objectives

Lecture 5 Module 1c: Financial Statements

Section 3: Chapter 2: Statement of Financial Position

Lecture 6 Module 2: Statement of Financial Position

Lecture 7 Module 3: Non Current Assets

Lecture 8 Module 4: Inventory

Lecture 9 Module 5: Receivables and Payables

Section 4: Chapter 3: Income Statement

Lecture 10 Module 6: Taxation

Lecture 11 Module 7: Equity and Debt

Lecture 12 Module 8: Income Statement

Section 5: Chapter 4: Statement of Cash Flows, reading Financial Statements

Lecture 13 Module 9: Cash Flow Statement

Lecture 14 Module 10: How to read Financial Statements

Entrepreneurs, managers, professionals,Bookkeepers and other uses of financial statements