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Financial Statements Basics
Rating: 4.4 out of 5(64 ratings)
1,569 students

Financial Statements Basics

For Non Finance Executives
Created byTanuja Yadav
Last updated 1/2016
English

What you'll learn

  • Get a basic understanding for Financial Statements
  • Understand the various components of Financial Statements
  • Be able to Interpret financial statements of a company
  • Be able to analyse and compare the financial statements of two or more companies or the same company over different years
  • Gain a practical understanding of how to interpret and use internal and external financial reports to inform and influence the decision-making process
  • Read and understand internal and external financial reports, using this information to make better business decisions that affect your bottom line.
  • Enhance your ability to forecast financial performance and better manage your financial resources.
  • Increase your effectiveness in strategic planning and decision making.

Course content

3 sections • 8 lectures • 1h 46m total length

  • Introduction4:58

    This lecture gives an introduction to the course.


    Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions. These statements include the income statement, balance sheet, statement of cash flows, and a statement of retained earnings.

  • Balance Sheet and Income Statement16:30

    This lecture gives an overview of the structure of Balance Sheet and Income Statement.


    Balance Sheet is a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.


    Income Statement is a financial statement that measures a company's financial performance over a specific accounting period. Financial performance is assessed by giving a summary of how the business incurs its revenues and expenses through both operating and non-operating activities. It also shows the net profit or loss incurred over a specific accounting period, typically over a fiscal quarter or year.

  • Financial Statements Linkages14:56
  • Cash Flow Statement9:04

    This lecture will help the students understand Cash Flow statements. A cash flow statement is one of the most important financial statements for a project or business.

Requirements

  • A computer or Android phone with internet access

Description

Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions. These statements include the income statement, balance sheet, statement of cash flows, and a statement of retained earnings.

Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. For-profit primary financial statements include the balance sheet, income statement, statement of cash flow, and statement of changes in equity. Nonprofit entities use a similar but different set of financial statements.

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.

This program targets non financial mid-to senior level executives in every functional area of all industries. Executives from areas such as marketing, sales, human resources, manufacturing, or engineering, as well as general managers who have been promoted through these routes, will find this program highly beneficial to their understanding of financial analysis. This program will be helpful as well to consultants, small business owners, and practicing professionals who want a better understanding of financial principles.

Who this course is for:

  • This course is primarily meant for non finance executives

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