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Financial Statements Explained

Reading and understanding a set of accounts, whether or not you are an accountant. Covers the income statement, balance sheet and cash flow statement and how they connect, the notes and accounting policies, consolidation basics, the audit report, and how to spot the signals that the numbers are being managed.

Taught by Icompetent Solutions

Modules: 6
Lessons: 26
Duration: 3h 53m
Level: Beginner
Quizzes: 6 graded
Enrolled: 9

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Course content

6 modules · 26 lessons · 3h 53m

An introduction to what published financial statements report, who reads them, and how corporate annual reports are organised.

The Purpose and Users of Financial Statements
Preview
8 min
Navigating the Annual Report8 min
Cash Basis versus Accrual Basis8 min
Understanding the Accounting Equation8 min
Getting Started with Financial Statements Quiz10 questions · pass 70%

Topics covered

Financial Statements

Balance Sheet

Income Statement

Cash Flow

Accounting Standards

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Part of a program

Accounts and Finance Officer · 7 courses

1Bookkeeping and Double EntryFree
2Accounts Payable and ReceivableFree
3Financial Statements ExplainedThis course
4Cash Flow and Working Capital ManagementFree
5Budgeting and ForecastingFree
6Tax and VAT BasicsFree
7Financial Controls and Fraud PreventionFree

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