Overview

This 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

Who this course is for

Entrepreneurs
Managers
Professionals
Bookkeepers
Other uses of financial statements

What you'll learn

This online course is designed to show learners how to read financial statements, and use key data from the financial statements.
How to read financial statements

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.