Sterling Financial Training

Introduction to Financial Statements

Duration: Approx. 2 hours

This product is an online product and is a Single user, 1 Year licence.

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Overview:

Introduction to Financial Statements helps learners to understand the purpose and nature of the three key financial statements, Income Statement, Balance Sheet and Cash Flow and the accounting principles on which they are based, as well as how they reflect individual business transactions and their role in controlling and measuring business performance.

Introduction to Financial Statements is aimed at managers, prospective managers, and anyone else within an organisation involved in making business decisions.

Learn To:

Introduction to Financial Statements aims to give the learner an introduction to the use of financial statements and an overview of the conventions and roles of accounting.

The topics covered by Introduction to Financial Statements include:

Importance of financial measures

Financial accounting and management accounting

The four types of accounts

Three financial statements

Accounting conventions

Objectives:

After taking Introduction to Financial Statements, the student will be able to:

State the primary purpose of the Income Statement, the Balance Sheet and the Cash Flow Statement

Understand why financial statements exist

Identify the different roles played by management accounts and financial accounts

Identify the four main account types in which financial transactions are recorded

Identify and describe the use of the four main accounting conventions

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Online Training Course Sections:

Financial Accounts Budgeting Financial Markets Currency Trading

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