
Recognize revenues when earned and expenses when incurred through the matching principle, allocating income over the delivery period and contrasting cash flow recognition with realization of income and expenses.
Perform vertical and horizontal financial analysis on five-year balance sheet data, converting items to percentages of total assets and interpreting key items like total shareholders funds, reserves and surplus.
Examine changes in non current assets, including tangible assets and non current investments, and analyze how their percentage of total assets affects trade receivables and current assets.
Examine how lease recognition under the standard lifts non-current liabilities and right-of-use assets on balance sheet, with note 1.9 detailing value of lease payments discounted at the incremental borrowing rate.
This course will teach you the fundamentals of financial statement and decision analysis, with a focus on the balance sheet. One of the most basic qualities in the corporate world is the ability to assess a company's results. And, let's be honest, it's not easy. It necessitates an in-depth knowledge of shareholder preferences, performance, liquidity, risk control, and operational quality. This course is designed to teach this dynamic analysis in the most straightforward manner possible. To get started, you don't need any accounting or finance experience.
The course explains the basic material of financial statements in a clear and important context by visiting a real enterprise and interviewing real business people. The course's aim is to leave students with a lasting understanding of what a balance sheet is and what it shows. This training is aimed at non-financial mid-to senior-level executives from all sectors and functional areas. This course would benefit executives in communications, distribution, human resources, manufacturing, or engineering, as well as general managers who have been advanced along these paths, through their knowledge of financial analysis. After completing the program, you will be better able to communicate the financial goals and performances of your department within your organization as well as to outside sources. So, at the end of this course, you won't just know how to read financial statements in general; you'll also know how to relate them to your own company's financial statements, giving you a much greater view of your own company's financial success and what you can/need to do to either sustain or enhance it.