Financial Statements Basics

For Non Finance Executives

Ratings 3.84 / 5.00

What You Will 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.

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.