To provide finance professionals, analysts, and business managers with the skills needed to understand, interpret, and analyze financial statements, enabling them to make informed business decisions and communicate financial information effectively.
Financial statements are a fundamental part of business communication, providing critical insights into an organization's performance, position, and cash flows. This course offers a comprehensive understanding of income statements, balance sheets, cash flow statements, and statements of changes in equity. Participants will learn how to analyze key financial ratios, spot trends, evaluate financial health, and prepare management reports that support strategic decision-making.
Target Group
Target Group:
Finance and Accounting Professionals
Business Analysts and Controllers
Entrepreneurs and Business Owners
Managers and Department Heads
Professionals involved in budgeting, reporting, or corporate governance
Goals
Understand the structure and components of all major financial statements
Analyze financial statements to assess business performance and financial health
Apply key financial ratios for profitability, liquidity, solvency, and efficiency analysis
Interpret financial trends and evaluate risk indicators
Improve the ability to communicate financial results clearly to stakeholders
Target Competencies
Targeted Competencies:
Proficiency in interpreting financial statements
Ability to analyze financial health and operational performance
Skills in applying financial ratios for business evaluation
Competence in creating and presenting financial analyses
Strategic insight into using financial data for business decisions
Outlines
Introduction to Financial Statements
Overview of the primary financial statements
Purpose and interrelation among the balance sheet, income statement, and cash flow statement
Role of financial statements in decision-making
Key accounting principles and standards (IFRS and GAAP basics)
Importance of transparency and accuracy in financial reporting
The Income Statement
Understanding revenue, expenses, gains, and losses
Gross profit, operating income, and net income explained
Common-size income statement analysis
Trend analysis: recognizing growth patterns and red flags
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