Understanding Financial Statements
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Understanding Financial Statements

For Board Members
0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
0 students enrolled
Created by Debi Peverill
Last updated 12/2016
English
Current price: $10 Original price: $25 Discount: 60% off
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Includes:
  • 1 hour on-demand video
  • 10 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Recognize what each of the three financial statements is trying to tell the reader. Discover how to review an operating budget. Identify the differences between when we record an expenditure as an asset on the balance sheet or an expense on the income statement. Explore the types of internal control that can be used to safeguard assets. Discover the ten steps that can be used to review a set of financial statements.
View Curriculum
Requirements
  • You will not need any previous experience with being a board member or know anything about financial statements. All materials needed are included in the course itself.
Description

What do Board Members need to understand about financial statements and budgets to be able to perform their duties? Certainly such things as:

  • Recognizing what each of the three financial statements is trying to tell the reader.
  • Understanding how to review an operating budget.
  • Identifying the differences between when we record an expenditure as an asset on the balance sheet or an expense  on the income statement.
  • Exploring the types of internal controls that can be used to safeguard assets.
  • Ten steps that can be used to review a set of financial statements.

This course provides – in an easy to understand manner – the basic knowledge to make a director comfortable at the boardroom table when the financial statements and budgets are handed out.

Learning Objectives

  • Recognize what each of the three financial statements is trying to tell the reader.
  • Discover how to review an operating budget.
  • Identify the differences between when we record an expenditure as an asset on the balance sheet or an expense on the income statement.
  • Explore the types of internal control that can be used to safeguard assets.
  • Discover the ten steps that can be used to review a set of financial statements.
Who is the target audience?
  • This course is for anyone who serves or who is considering serving as a director or board member of a corporation, society or charity.
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Curriculum For This Course
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Welcome to Understanding Financial Statements For Board Members
1 Lecture 01:32
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Course Lectures
8 Lectures 49:29

Lecture 2: Quiz
3 questions


Lecture 3: Quiz
2 questions

Assets
06:45

Lecture 4: Quiz
4 questions

Fixed Assets
05:59

Lecture 5: Quiz
2 questions

Liabilities and Equity
08:34

Lecture 6: Quiz
2 questions

Income Statement
04:52

Lecture 7: Quiz
2 questions

Cash Flow Statement
05:59

Lecture 8: Quiz
3 questions

Ten Steps to Reviewing Financial Statements
05:01
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Conclusion
1 Lecture 01:27
Course Summary
01:27
About the Instructor
Debi Peverill
4.3 Average rating
24 Reviews
81 Students
8 Courses
Founder & CEO of Painless Financial Training Group Inc.

Debi J. Peverill is a unique individual: a Chartered Accountant with a sense of humor. She enjoys helping business owners and managers avoid making financial mistakes, and protecting them from the government and banks. To this end she has written a series of easy-to-read financial books and spends time sharing her wisdom and insights by speaking to groups of business owners and managers.

Debi has founded three business including a public accounting firm, Peverill & Associates , in 1988 after spending ten years with national accounting firms. In 1998, she founded SBR Communications Inc., the vehicle for her speaking and publishing interests. In 2013, Painless Financial Training Group Inc. was created to offer people financial information they need to know to stay out of trouble and make more money.

She is an accomplished trainer. Debi teaches financial management courses in the Executive and Professional Development program, the Diploma in Management program, and the Executive Masters of Business Administration program at Saint Mary's University in Halifax, NS.