Interpreting Financial Reports Accounts

Course Description

Seat Time: 1hrs - Desc:

This course will introduce the learner to financial statements to better his/her understanding of the process of auditing and methods of accounting. Additionally, the course will teach the learner about the various types of accepted accounting methods used by companies, the methods of inventory valuation, and the decision to lease or own so the learner is prepared to determine accounting decisions. After completing this program, the learner will understand:

• Interpreting balance sheets.
• Determining asset quality.
• Income statements and their importance in determining a company's creditworthiness.

Course Topics

T1. Interpreting Financial Statements: This topic will provide the learner with an introduction to financial statements so that the learner understands the process of auditing and methods of accounting.

T2. Accounting Choices: This topic will teach the learner about the various types of accepted accounting methods used by companies, the methods of inventory valuation, and the decision to lease or own, so that the learner is best prepared to make accounting decisions.

T3. Interpreting Balance Sheets: This topic will instruct the learner about the kinds of assets, determining asset quality, and accounts receivable, so that the learner will better understand how to interpret balance sheets.

T4. Interpreting Income Statements: This topic will teach the learner about income statements, an aspect of financial reporting that is essential to determining a company's creditworthiness.