How to Interpret Business Success from Financial Statements

How to Interpret Business Success from Financial Statements, available at $59.99, has an average rating of 5, with 12 lectures, 2 quizzes, based on 6 reviews, and has 35 subscribers.

You will learn about Discover the purpose of accounting, and recognize its role in business and society. Identify the primary users of accounting information. Explore the basic elements, uses, and limitations of the balance sheet. Explore the basic elements and uses of the income statement. Explore the categories and uses of the statement of cash flows and see how the primary financial statements tie together. Describe the purpose of an audit report and the incentives the auditor has to perform a good audit. This course is ideal for individuals who are Anyone interested in Finance, Accounting and related fields. It is particularly useful for Anyone interested in Finance, Accounting and related fields.

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Summary

Title: How to Interpret Business Success from Financial Statements

Price: $59.99

Average Rating: 5

Number of Lectures: 12

Number of Quizzes: 2

Number of Published Lectures: 12

Number of Published Quizzes: 2

Number of Curriculum Items: 14

Number of Published Curriculum Objects: 14

Original Price: $39.99

Quality Status: approved

Status: Live

What You Will Learn

Discover the purpose of accounting, and recognize its role in business and society.

Identify the primary users of accounting information.

Explore the basic elements, uses, and limitations of the balance sheet.

Explore the basic elements and uses of the income statement.

Explore the categories and uses of the statement of cash flows and see how the primary financial statements tie together.

Describe the purpose of an audit report and the incentives the auditor has to perform a good audit.

Who Should Attend

Anyone interested in Finance, Accounting and related fields.

Target Audiences

Anyone interested in Finance, Accounting and related fields.

The financial statements prepared by companies yield the same benefits as the financial disclosures provided by mortgage applicants. Financial statement information provides potential lenders and investors with a reliable basis for evaluating the past performance and future prospects of a company. Because financial statements are used by so many different groups (investors, creditors, managers, etc.), they are sometimes called general-purpose financial statements. The three primary financial statements are the balance sheet, the income statement, and the statement of cash flows. These statements provide answers to the following questions:

1. What is the company’s current financial status?

2. What were the company’s operating results for the period?

3. How did the company obtain and use cash during the period?

To adequately answer the question of how a company is doing, one must have a working knowledge of financial statements. In this course, you learn that the financial statements are summary reports that show how a business is doing and what its successes and failures are. The financial statements covered in this course are the same as those used every day by millions of business owners, investors, and creditors to evaluate how well or poorly organizations are doing.

Hopefully, you come away from this course convinced that the purpose of accounting is not to fill out dull reports that are then filed away in dusty cabinets, but rather to prepare summary financial performance measures to be used as the basis for thousands of economic decisions every day.

Course Curriculum

Chapter 1: Introduction

Lecture 1: The Purpose of Accounting

Lecture 2: Who Uses Accounting Information?

Lecture 3: Introduction to Financial Statements

Lecture 4: Balance Sheet

Lecture 5: Balance Sheet Vs. Income Statement

Lecture 6: Income Statement

Lecture 7: EPS, Retained Income, and The Accounting Equation

Lecture 8: Statement of Cash Flows

Lecture 9: What Else is There to Know?

Lecture 10: The External Audit

Chapter 2: Supporting Materials

Lecture 1: Slides: Financial Statements: An Overview

Lecture 2: Financial Statements: An Overview Glossary/Index

Chapter 3: Review and Test

Instructors

Illumeo Learning
Condensed and Efficient Courses for Busy Professionals

Jim Stice (Illumeo)

Kay Stice (Illumeo)
Finance and Accounting

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5 stars: 6 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!