Understanding and Analyzing Financial Statements
About This Course
This course is designed to help participants develop a strong foundation in reading and interpreting financial statements. Aimed at both finance and non-finance professionals, it covers the key components of financial statements—balance sheet, income statement, and cash flow statement—along with insights into ratios and metrics used to evaluate business health. Through practical examples and case studies, participants will learn how to assess a company's financial performance and make data-driven decisions. By the end of the course, attendees will be able to analyze financial information confidently and contribute valuable insights to business strategy.
What You'll Learn
LO1: Apply relevant accounting terminology, treatment, and standards in practical contexts.
LO2: Analyze key business processes to evaluate their impact on financial statements.
LO3: Review and interpret the characteristics and implications of financial statements effectively.
LO4: Calculate and apply key financial ratios to interpret organizational performance and implications.
LO5: Examine and appreciate the major components of a financial bal-ance sheet for decision-making processes.
Entry Requirements
- Minimum 21 years old
- English literacy e.g. WPL Advanced (L5)
- Numeracy literacy e.g. WPL Advanced (L5)
- Basic Computer Skills: Proficiency in using computers and familiarity with spreadsheet software (e.g., Microsoft Excel) is preferred, as financial exercises may involve data entry and analysis.
- Professional Experience: No formal financial or accounting background is required, but learners should ideally have at least 1-2 years of work experience in any industry.
- Completed secondary school