Web-Based Training Series: Components of Financial Statements

Components of Financial Statements        





This course presents an overview of the relationship between business management decisions and financial statements, introducing the learner to critical concepts and terminology that are necessary for conducting an applied interpretation of financial statements.


This course is targeted specifically for business managers, financial professionals, and other business professionals who have the need to understand financial statements.


3.0

Income Statement Components

  • recognize the importance of the Income Statement components as they relate directly to a company's profitability.
  • identify the formula that corresponds to the structure and components of the Income Statement.
  • identify the types of revenue found on an Income Statement.
  • identify the types of expenses presented on the Income Statement.
  • assign Income Statement line items to financial values resulting from business transactions.

    • Balance Sheet Components

  • recognize the importance of understanding how the Balance Sheet components relate to each other.
  • determine the structure and the components of the Balance Sheet.
  • classify the various types of assets reported on a Balance Sheet.
  • identify the relationship of liabilities and shareholders' equity on the Balance Sheet.
  • assign Balance Sheet line items to financial values resulting from business transactions.

    • Cash Flow Statement Components

  • recognize the importance of the Cash Flow Statement and its components as a key financial document.
  • identify the information contained in the structure and components of the Cash Flow Statement.
  • identify the elements of the Cash Flows from Operating Activities component.
  • identify the elements of the Cash Flows from Investing Activities component.
  • identify the elements of the Cash Flows from Financing Activities component.
  • assign financial values resulting from business transactions to a Cash Flow Statement.


    • FIN0252

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