Description

The preparation of the primary financial statements (Balance sheet, Income Statement and Cash Flow statement) can often seem a daunting task depending on the complexities of your organization. Yet proper preparation is critical to the overall understanding of a company’s core operations and their ability to be profitable.

Accountants are well schooled in this discipline. In today’s world there are many digital tools available to help the accountant prepare entries and create the financial statements. However, even with this ability it is key that individuals understand the various concepts and calculations that may come into play within each statement. It is also critical to have an understanding of the interrelationship of these statements.

In this course we work through each of the major financial statements and discuss not only the various accounts that make up those statements but also the process of preparing and reconciling those statements. Learners will come away with a refreshed understanding of the major financial statements and their linkage.