Understanding Financial Statements for Non-financial Professionals

Understanding Financial Statements for Non-financial Professionals

Overview

Financial statements including the Balance sheet, Income Statement and the Cash Flow Statement work as a the basic dashboard for any organization financial performance at the end of a certain period of time. Knowing how to interpret information represented in these statements helps you understand financial performance of the whole organizational down to the performance of your functional area.

These reports are useful for professionals in all areas of business; during evaluating proposals, suppliers, competitors, markets, and the general condition of the industry they operate in.

Target Audience
Non-financial professionals who wish to gain understanding or refresh their knowledge of finance and accounting without going through debit/credit transactions.

Expected Duration (days)
3.0

Lesson Objectives
This course aims to familiarize you with these three financial statements and how they reflect an organization’s overall activities and performance. This course takes you through the various sections of these statements and explains how each is calculated.

Finally, the course demonstrates how common business transactions affect an organization’s financial condition with the help of an example.

Financial Statements for Non-financial Professionals

  • Calculate the gross profit, income from operations, and net income from given Income Statement data;
  • Calculate the value of different types of cash flows in a Cash Flow Statement;
  • Determine the value of Assets, Liabilities, and Shareholders’ Equities in a Balance Sheet;
  • Recognize how common business transactions affect an organization’s financial statements in an example.

 

Course Number:
FNV2_05_EN_T

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