What are Financial Statements: A Beginner's Guide

In the world of business, it is of utmost importance to have a solid grasp of financial statements. These statements are filled with invaluable information that can serve as a compass for decision making. However, for individuals who lack a background in business, comprehending these statements can be quite intimidating and overwhelming.

Unveiling the Wealth of Information

Financial statements hold a wealth of valuable information for those who can decipher them effectively. Knowing where to look and how to interpret them is key to unlocking their potential.

Empowering Decision Making

The primary aim of financial statements is to empower individuals to make informed decisions. Utilizing ratios and identifying trends within the statements can greatly aid in making sound, well-informed choices.

Course Overview

This course focuses on the three fundamental financial statements: the Income Statement, Statement of Financial Position, and Cash Flow Statement. It aims to provide practical insights into managing the cash flow cycle, from making purchases to effectively handling cash in banking activities.

Learning Outcomes

By the conclusion of this course, participants will gain proficiency in comprehending the main financial statements and will develop a basic grasp of key financial metrics.

Target Audience

Designed with entrepreneurs, financial professionals, and bookkeeping staff in mind, this course offers a foundational understanding of how to interpret and utilize Financial Statements, Cash Flow Statements, and Management Reports to inform financial decision making.

Course Content

The course covers the following topics:

• Introduction to Financial Statements and their significance
• Statement of Comprehensive Income
• Statement of Financial Position (Balance Sheet)
• Cash Flow Statement
• Techniques for interpreting Financial Statements
• Practical Examples and Calculations

For entrepreneurs, financial and bookkeeping staff wishing to get a basic understanding of how to read and use Financial Statements and Management Reports to assist in making financial decisions.

1. Effectively read and understand the main financial statements
2. Read and understand Income Statement
3. Read and understand Statement of Financial Position
4. Redad and understand Cash Flow Statement

Accounting - Entry Level.