Reading Financial Statements offered by Corporate Finance Institute
4.9 /5Reading Financial Statements at CFI Overview
Duration | 2 hours |
Total fee | Free |
Mode of learning | Online |
Official Website | Explore Free Course  |
Credential | Certificate |
Reading Financial Statements at CFI Highlights
- Earn a certificate of completion from Corporate Finance Institute
Reading Financial Statements at CFI Course details
- Understand the different ways to present an income statement and cash flow statement
- Read and interpret the various items in a published income statement
- Identify the operating, financing, and investing activities of a company
- Determine what is contained in an annual report and where to find it
- Navigate successfully through the notes to the financial statements
- Read and interpret the various items in a published balance sheet
- Understand complex balance sheet concepts (e.g., deferred taxes, goodwill, investments, etc.)
- In this two-part free course, we use a company?s financial statements and annual report to understand the financial strength of a company and help us make informed decisions
- In this first module, we learn how to read the balance sheet and its related notes using a company case study, Espresso Software
- This will help us understand the financial strength of the company and help us make informed decisions
- By the end of this module, you will have a solid understanding of the specific accounts in a typical balance sheet and the related notes to the financial statements
- We look at the company?s income statement and statement of cash flows and conclude by covering the key contents of an annual report
Reading Financial Statements at CFI Curriculum
Introduction
Course introduction
Downloadable files
Understanding the Balance Sheet
Session objectives
Session objectives Draft
Three key financial statements
Balance sheet
Income statement
Statement of cash flows
Simplified balance sheet
Current vs non-current
Interactive exercise 1
Espresso Software balance sheet demonstration
Investments
Deferred income taxes
Goodwill
Intangible assets
Unearned revenue
Commitments
Contingencies
Interactive exercise 2
Common vs preferred shares
Authorized vs outstanding share capital
Contributed surplus
Other comprehensive income
Interactive exercise 3
Balance sheet component matching exercise
Statement of shareholders' equity
The full disclosure principle
Three key financial statement notes
Significant accounting policies
Direct information
Indirect information
Interactive exercise 4
Noteworthy exercise
Understanding the Income Statement and Cash Flow Statement
Session objectives
Session objectives Draft
The three key financial statements
The income statement
Single step vs multi-step income statement
Cost of sales
Selling, general and administration
Gains and losses
Interactive exercise 5
Espresso Software income statement exercise
The cash flow statement
The cash flow activities
Operating activities
Investing activities
Financing activities
Direct method vs indirect method
Direct method
Indirect method
Key elements in a cash flow statement
Interactive exercise 6
Espresso Software cash flow statement exercise
The benefits of an annual report
Contents of an annual report
Management discussion and analysis
Expresso Software reporting challenge exercise
Summary
Qualified Assessment
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Reading Financial Statements at CFI Contact Information
2E/25, Jhandewalan Extension, Block E 2, Jhandewalan, Delhi,
New Delhi
Delhi - Other ( Delhi)