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Financial Analysis: Financial Statements

£9.95

Accounting Financial Reports The purpose of Key financial reports is to give information related to a firm’s financial position, its performance and the changes occurring in its financial position that will help users to make profitable economic decisions. Key Reports should be comprehensible, applicable, consistent and comparable, and they must be comprehensible to readers with a practical knowledge of accounting, economic activities and business. Reported equity, assets, income, liabilities, and costs have a direct impact on a firm’s financial position. This unit is a comprehensive guide to the various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings. It also describes single-entry and double-entry bookkeeping including a look at debits and credits.

SKU: 230778 Category:

Description

Accounting and finance_Accountancy

Description

Accounting Financial Reports

Objectives:

After completing this course learners will be able to:

  • Discuss various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
  • Explain single-entry and double-entry bookkeeping
  • Differentiate between debits and credits

Program Content:

Lesson(s):

Introduction to the Key Reports

Topics:

  • The Income Statement
  • The Balance Sheet
  • The Cash Flow Statement
  • Statement of Retained Earnings
  • Single-Entry vs. Double-Entry Accounting

Understanding Debits and Credits