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Introduction to Financial Statements

This course is available for purchase and immediate online delivery.

 

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Understand the purpose and nature of the three key financial statements, Profit and Loss Account, Balance Sheet and Cash Flow and the accounting principles on which they are based. Understand how they reflect individual business transactions and their role in controlling and measuring business performance.

Curriculum Finance for Managers: Financial Fundamentals
Duration 1.5 – 2 hours
Audience Managers, prospective managers, and anyone else within an organisation involved in making business decisions.
Prerequisites None
Course Aim To give the learner an introduction to the use of financial statements and an overview of the conventions and roles of accounting.
Learning Objectives After taking this course, the student will be able to:
  • State the primary purpose of the Profit and Loss Account, the Balance Sheet and the Cash Flow Statement
  • Understand why financial statements exist
  • Identify the different roles played by management accounts and financial accounts
  • Identify the four main account types in which financial transactions are recorded
  • Identify and describe the use of the four main accounting conventions
Topics Covered
  • Importance of financial measures
  • Financial accounting and management accounting
  • The four types of accounts
  • Three financial statements
  • Accounting conventions
Languages Available US English, UK English, French, German, Spanish, Italian, Dutch
Publisher Intellexis
Delivery Method Online, CD
Course Code IXUS001
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