- NY Credits : 4.0
- TX Credits : 4.0
Understanding and Analyzing Financial Statements
Current and potential employees, lenders, and shareholders read company financial statements with a different goal or purpose in mind. They use financial statements in a variety of ways, seeking information specific to their needs. This course provides an overview of the basic financial statements and how to interpret the information presented within the statements and footnotes. Since there are many financial statement users, the course is designed for both accountants and nonaccountants alike.
Upon successful completion of Understanding and Analyzing Financial Statements, the user should be able to:
describe income statements,
present comprehensive income,
identify balance sheets,
summarize statements of changes in owners' equity,
describe statements of cash flows, and
define ratio analysis.