- Language: English
- 203 Pages
- Published: July 2013
- Region: United Kingdom
E-Learning Package: Understanding Financial Statements (Library of 6 courses)
- 9 Hours
- KESDEE Inc
An online guide to understand the elements of financial statements
Financial Statements speak in a nutshell about the financial affairs of a business organization. This e-learning package is intended to familiarize you with the basic concepts, elements, form, necessity and importance of financial statements.
After completing this course you will be conversant with:
- Importance of Financial Statements
- Difference between Finance & Accounting
- What are Financial Statements
- Users of Financial Statements and how they are used by them
- Accounting Principles – Concepts & Conventions
- Accounting Equation
- Presentation of Financial Statements
- Interrelation between Balance Sheet & Income Statement
The themes of this product are:
- Provide an outlook of Financial Statements
- Understand the elements of Financial Statements
Course Level & Number of Courses:
- Basic Level
- Library of 6 Courses
- Dynamic, Interactive e-learning
- Familiarity with basic financial concepts
Every professional involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange)
would benefit from KESDEE's innovative solutions.
Multi-lateral Financial Institutions
Others SHOW LESS READ MORE >
1. Financial Statements-A Preview
This course gives an introduction to Financial Statements prepared by a business entity. It helps the user understand:
What Financial Statements are?
Importance of Financial Statements
Various users of Financial Statements and how do they use them.
Duration: 1 hour
2. Fundamentals of Financial Statements
This course gives an introduction to the elements contained in Financial Statements. It helps the user understand:
Basic Accounting Principles- Concepts & Conventions that underlie financial statements
Accounting Equation- a tool to understand why a balance sheet tallies
Presentation of Financial Statements
Interrelation between Income Statement and Balance Sheet
Duration : 1 Hour
3. Introduction to Financial Statement Analysis
This course introduces the lay out of requirements of an analyst for analysing financial performance of a company. It provides a general framework of requirements associated with analysis of balance sheet, income statement, and cash flow statement. The course gives an insight of the notes to principal financial statements, and management discussion and analysis of results. As a whole, it presents a general framework for addressing most financial statement analysis tasks.
Duration: 1 Hour
4. Understanding the Income Statement
The course focuses on one of the major financial statements i.e., the income statement. The course details the purpose, construction, and common-size analysis of income statement. Understanding these concepts allows a financial analyst to evaluate trends in performance over several measurement periods and to compare the performance of different companies over the same period(s). Additional analyst tools such as the earnings per share calculation are also discussed.
Duration: 2 Hours
5. Understanding the Balance Sheet
On completion of this course, you will be able to:
- Illustrate and interpret the components of the assets, liabilities, and equity sections of the balance sheet, and discuss the uses of the balance sheet in financial analysis.
- Describe the various formats of balance sheet presentation.
- Explain how assets and liabilities arise from the accrual process.
- Compare and contrast current and noncurrent assets and liabilities.
- Explain the measurement bases (e.g., historical cost and fair value) of assets and liabilities, including current assets, current liabilities, tangible assets, and intangible assets.
- Discuss off-balance-sheet disclosures.
- Demonstrate the appropriate classifications and related accounting treatments for marketable and non-marketable financial instruments held as assets or owed by the company as liabilities.
- List and explain the components of owners' equity.
- Interpret balance sheets, common-size balance sheets, the statement of changes in equity,and commonly used balance sheet ratios.
6. Understanding the Cash Flow Statement
On completion of this course, you will be able to:
- Compare and contrast cash flows from operating, investing, and financing activities, and classify cash flow items as relating to one of these three categories, given a description of the items
- Describe how noncash investing and financing activities are reported
- Compare and contrast the key differences in cash flow statements prepared under international financial reporting standards and U.S. generally accepted accounting principles
- Demonstrate the difference between the direct and indirect methods of presenting cash from operating activities and explain the arguments in favor of each
- Demonstrate how the cash flow statement is linked to the income statement and balance sheet
- Demonstrate the steps in the preparation of direct and indirect cash flow statements, including how cash flows can be computed using income statement and balance sheet data
- Describe the process of converting a statement of cash flows from the indirect to the direct method of presentation
- Analyze and interpret a cash flow statement using both total currency amounts and common size cash flow statements
- Explain and calculate free cash flow to the firm, free cash flow to equity, and other cash flow ratios