Financial Statements 101

In case you always wished to understand the financial statements but could not comprehend either due to complexity of the topic or lack of time at your end, you have come to the right place.

After undergoing this course, you will be skilled to grasp the big picture about financial statements in least amount of time. You are enabled by topics that cover the following elements:

· Overview of Balance Sheet – Synopsis and High Level Building Blocks

· Overview of Income Statement – Synopsis, High Level Building Blocks, Low Level Building Blocks, and Benchmark Ratios

· Overview of Statement of Cash Flow – Synopsis, High Level Building Blocks, and Low Level Building Blocks

· Calculation of Net Cash Flow from Operating Activities – Adjusting for Non-Cash Expenses, Non-Operating Income, Changes to both Current Assets and Current Liabilities

· Connections between various account of the Income Statement and Balance Sheet – the 2 step dance between various accounts of the Income Statement and Balance Sheet

· Definitions for Accounting Profits – Common one and Uncommon One

· Connections between various account of the Income Statement, Balance Sheet and Statement of Cash Flow

· Key Financial Tasks for a business manager

In this course, the knowledge about Income statement and Cash flow statement is simplified and condensed.

Let’s start.