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  • 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

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

  • 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
  • Entrepreneurs, managers, professionals
  • Bookkeepers and other uses of financial statements
View More...
  • Section 1 : Chapter 1: Introduction and definitions 4 Lectures 00:31:17

    • Lecture 1 :
    • Lecture 2 :
    • Module 1a: Definitions
    • Lecture 3 :
    • Module 1b: Objectives
    • Lecture 4 :
    • Module 1c: Financial Statements
  • Section 2 : Chapter 2: Statement of Financial Position 4 Lectures 00:22:11

    • Lecture 1 :
    • Module 2: Statement of Financial Position
    • Lecture 2 :
    • Module 3: Non Current Assets
    • Lecture 3 :
    • Module 4: Inventory
    • Lecture 4 :
    • Module 5: Receivables and Payables
  • Section 3 : Chapter 3: Income Statement 3 Lectures 00:06:19

    • Lecture 1 :
    • Module 6: Taxation
    • Lecture 2 :
    • Module 7: Equity and Debt
    • Lecture 3 :
    • Module 8: Income Statement
  • Section 4 : Chapter 4: Statement of Cash Flows, reading Financial Statements 3 Lectures 00:08:49

    • Lecture 1 :
    • Module 9: Cash Flow Statement
    • Lecture 2 :
    • Module 10: How to read Financial Statements
    • Lecture 3 :
    • Course Resources
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