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 Financial Statements – A. Preview |
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This course gives an introduction to Financial Statements prepared by a business entity. It helps the user understand: |
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What Financial Statements are? |
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Importance of Financial Statements |
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Various users of Financial Statements and how do they use them. |
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Fundamentals of Financial Statements |
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Basic Accounting Principles- Concepts & Conventions that underlie financial statements |
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Accounting Equation- a tool to understand why a balance sheet tallies |
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Presentation of Financial Statements |
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Interrelation between Income Statement and Balance Sheet |
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Introduction to Financial Statements Analysis |
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Objectives
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Introduction
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Principal Financial Statements
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Notes and Supplementary Information
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Steps in Financial Statement Analysis
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Summary
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Understanding the Income Statement |
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Objectives
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Components and format of Income Statement
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Revenue Recognition
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Expense Recognition
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Nonrecurring items and Nonoperating items
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Earnings Per Share
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Common- Size Analysis of Income Statement
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Understanding the Balance Sheet |
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Objectives
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Components and format of balance sheet
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Principle of Accrual and Balance Sheet Elements
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Classification and Valuation of Assets and Liabilities
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Off Balance Sheet Disclosure
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Classification and Accounting of Financial Instruments
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Components of Owner’s Equity
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Understanding the Cash Flow Statement |
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Objectives
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Components and Format of the Cash Flow Statement
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Cash Flow Statement Analysis
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Summary
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