This course covers the preparation and use of financial statements as well as the accounting methods used in constructing the financial statements. The final course in this series discusses and documents how real-world companies use discretion to create reports that measure their financial performance and position in the best possible light.
Learning Objectives
- Discover and describe why financial statements are important and how they are used.
- Explore and describe the four financial statements and explain how they differ.
- Identify and list the 5 basic questions, in order, that cover the concepts measured by the financial statements.
- Recognize and use actual dollar values from actual financial statements to answer the 5 basic questions.
- Discover and describe the economic forces that influence the preparation, use and analysis of the financial statements.
- Identify and define the concept of corporate governance and how it relates to the financial statements.
- Discover and describe the key areas of running a business and how they relate to how capital flows through the business.
- Identify and link the key areas of running a business and their results to the financial statements.
Last updated/reviewed: March 8, 2024
Included In Certifications
This course is included in the following Certification Programs:
9 CoursesFinancial Reporting and Analysis Certification
- Introduction to the Financial Statements and the Environment of Financial Reporting
- Preparing Financial Statements
- Reading and Analyzing Financial Statements
- Time Value of Money - Concepts and Applications
- Classification, Debt and Equity
- Current Assets and Asset Valuation
- Equity Investments and Long-lived Assets
- Earnings Management
- Ethics and Earnings Management
17 Reviews (68 ratings)
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
![Instructor for this course Instructor for this course](https://www.illumeo.com/sites/proformative.com/files/imagecache/user_image_large/pictures/picture-147325-1639314549.jpg)
Jamie PrattSME