Introduction to the financial statements and the environment of financial reporting
SKU: 06-278-01-CPE
Credit Hours: 3
CPE Category: Finance
Delivery Method: Video
Instructor: Jamie Pratt
Course Description:
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.
After completing the course you should be able to:
- Describe why financial statements are important and how they are used
- Describe the four financial statements and explain how they differ.
- List the 5 basic questions, in order, that cover the concepts measured by the financial statements.
- Use actual dollar values from actual financial statements to answer the 5 basic questions.
- Describe the economic forces that influence the preparation, use and analysis of the financial statements.
- Define the concept of corporate governance and how it relates to the financial statements.
- Describe the key areas of running a business and how they relate to how capital flows through the business.
- Link the key areas of running a business and their results to the financial statements.