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Advanced Understanding of Financial Statements

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Advanced Understanding of Financial Statements

How to read and understand financial statements

updated on icon Updated on Sep, 2023

language icon Language - English

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architecture icon Accounting & Bookkeeping,Finance & Accounting,Accounting,Finance

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Course Description

This comprehensive self-study 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:

  • 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

All Included:

  • Downloadable course material
  • Certificate of training
  • SAIT Accredited - 4 verifiable CPD points

Goals

What will you learn in this course:

  • 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

Prerequisites

What are the prerequisites for this course?

  • A basic understanding of what Financial Statements are and how to read them.
Advanced Understanding of Financial Statements

Curriculum

Check out the detailed breakdown of what’s inside the course

Advanced Understanding of Financial Statements - Part 1
4 Lectures
  • play icon Introduction 08:22 08:22
  • play icon Lesson 1: Definitions 08:17 08:17
  • play icon Lesson 2: Objectives 01:34 01:34
  • play icon Lesson 3: Financial Statements 14:38 14:38
Advanced Understanding of Financial Statements - Part 2
3 Lectures
Tutorialspoint
Advanced Understanding Of Financial Statements - Part 3
4 Lectures
Tutorialspoint

Instructor Details

Bizfacility

Bizfacility

Financial Training Since 2010

Being from Bizfacility Financial training for over 10 years of providing training to accountants, bookkeepers and various business owners and companies, we also offer self-study courses to provide value adding knowledge, skills and tools through remote training and engagement that enables you to become more financially skilled.

We offer a variety of self- study courses, packages to provide understanding of all aspects of Bookkeeping, Accounting, Financial instruments, Management Accounting and Financial procedures that are essential for the running of a business.

As finance is a universal language, all online courses offered through UDEMY, are useful to anyone in the world as it complies with IFRS (International Framework of Reporting Standards) and does not include any country specific vat or tax content.

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