Understanding Financial Statements

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Course Description PDF

Course Focus

In order for organizations to succeed, leaders and managers must be able to accurately interpret and utilize financial reports. They must also be able to assess the overall financial performance of the organization, a particular department, or the competition, and then convey the organization's financial condition to its constituents.

In this course, participants will learn how to read and interpret income statements, balance sheets, and cash flow statements. By understanding the information contained in each of these key reports, participants will have a solid foundation upon which to base more advanced analysis of their firm's financial performance.

Who Should Take this Course?

This course is essential for all managers and professionals who regularly work with financial reports and also provides non-financial professionals with the core principles of financial reporting.

Key Benefits

Participants who complete this course will be able to...

  • Understand and interpret the information found in the three principle financial statements
  • Understand how the three reports relate to one another and how they are combined (with additional information) to serve as an annual report
  • Work with online sources of financial information to conduct research on other publicly-traded firms and industries

Topics Include

Module 1- Reading the Income Statement

  1. Understanding the purpose of the income statement and its overall structure
  2. Interpreting the income statement line by line
  3. Using the income statement

Module 2 - Reading the Balance Sheet

  1. Understanding the purpose of the balance sheet and its overall structure
  2. Interpreting the balance sheet line by line
  3. Using the balance sheet

Module 3 - Reading the Cash Flow Statement

  1. Understanding the purpose of the cash flow statement and its overall structure
  2. Interpreting the cash flow statement line by line
  3. Using the cash flow statement

Module 4 - Other Elements of Financial Reporting

  1. The purpose of an annual report
  2. Online sources of financial information
  3. GAAP and FASB, and their influence on the structure and use of these financial statements


Course Cost US$769
Hours to Complete Course: 6
CEUS earned 0.6
This course is part of one or more online certificates:

Please choose from the following course start dates:

02 January 2019
16 January 2019
30 January 2019
13 February 2019
27 February 2019
13 March 2019
27 March 2019
10 April 2019
24 April 2019
08 May 2019
22 May 2019
05 June 2019
19 June 2019
03 July 2019
17 July 2019
31 July 2019
14 August 2019
28 August 2019
11 September 2019
25 September 2019
09 October 2019
23 October 2019
06 November 2019
20 November 2019
04 December 2019
18 December 2019
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