Financial statements are the key to most business decisions. Often, the statements are presented as a key piece of information, and often they are misunderstood. This program is an overview of financial statements, how data is presented, and how to extract needed information that is relevant to business decisions. It will cover the format of the balance sheet, income statement, statement of cash flows and notes to the financial statements.
Learning Objectives
• Recognize standard methods to analyze financial statements
• Perform analysis procedures to gain a better understanding of the company’s liquidity, solvency, profitability, and cash flows
• Determine how these tools will help in better managing the operations and profitability of an entity
Major Topics
• How to extract necessary information
• Financial ratios that are used as analytical tools
• The proper understanding of accounting terminology
• Basic ratio tools
• Cash flow
• Working capital
