Join Rudolph Rosenberg for an in-depth discussion in this video What this course will cover, part of Financial Literacy: Reading Financial Reports.
- [Voiceover] The objective of this course is to introduce the key private and public companies' financial documents called financial statements. Those documents are the center point of every finance activity and should therefore be understood before diving into more advanced finance learning. In this course, we will review the content of each of the documents making up the financial statement along with the most important concepts that are necessary to the full understanding of those documents. Accounting is the tool used to prepare financial statements and we will therefore have to talk about accounting concepts here and there during the course.
And it is therefore very important to understand that this is not an accounting course. Accounting is not a complex topic but some elements of it can have a high level of complexity. For the purpose of this course, those more complex elements will be simplified in favor of a better understanding of financial statement workings. So please remember that if you want to apply the learning of this course to your accounting needs, please discuss the matter further with an accountant or investigate it further to ensure the appropriateness of your actions to the specificity of your situation.
Understanding how financial statements work will open the path for you to advance further in your finance education to serve your true objective whether it is to start a company, improve the financial situation, or invest in a company or take any other action that requires a finance education.
Lynda.com is a PMI Registered Education Provider. This course qualifies for professional development units (PDUs). To view the activity and PDU details for this course, click here.
The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
- What is a financial statement?
- Reading the balance sheet
- Understanding depreciation, liabilities, and equity
- Reading the income statement
- Understanding revenue, costs, profitability, and net income
- How cash flow works
- Analyzing financial documents with context<br><br>
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.