Preparing Financial Statements and Analysis

Financial Statement Analysis and Uses: Part 1 v3.0

A series of recent business failures and corporate scandals where employees, investors, and other stakeholders suffered tremendous loss have made the world aware of the importance of proper recording of transactions and transaction analysis. If a company’s financial statements provide important insights into its financial health, such as financial position, growth potential, and profitability, the transactions must be analyzed and recorded in the accounts following generally accepted accounting principles.

Analysis and Uses of Financial Statements, Parts 1, 2 and 3, is designed for interested parties who must understand how to read, interpret, and analyze financial statements. This course series describes in clear, concise, and understandable language the intricacies of financial statements, and their use by investors, creditors, analysts, and other interested parties. This series can enhance your chance for success in business and investing; by enabling you to profit from the knowledge, insights, and perceptions of professionals who use financial statement analysis tools and techniques on a day-to-day basis. Realistic examples, real-life cases, and illustrations of financial statement analysis are widely used in this course series to make the subject matter crystal clear. That is the major objective of this course series.

Learning Objectives:

After completing this course, participants should be able to:

  • Identify the underlying assumptions or concepts of accounting
  • Recognize the major principles of accounting
  • Identify key components of the FASB Conceptual Framework
  • Recognize the importance of internal control over financial reporting
  • Identify the objective of financial statements
  • Recognize the use of interim financial statements
  • Identify the balance sheet accounts portraying a company's financial position
  • Recognize the components of stockholders’ equity
  • Identify the elements of the income statement
  • Recognize the purpose of the statement of comprehensive income
  • Identify the most important items on the statement of cash flows
  • Recognize the importance of notes to financial statements
  • Identify the annual report components
  • Recognize common techniques used to manipulate financial statements


Prerequisites/Advanced Preparation:

Basic Math


Speaker / Author:

Steve Spafford, MBA, CPA, has over 20 years' experience as a CPA working with large public accounting firms, and in numerous executive roles at multinational public corporations. He is a member of DeltaCPE LLC, a leading publisher of continuing professional education courses for CPAs, and has edited CPA ethics courses provided to over 35 states.

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Price (USD)

Standard: $99.80

Details

Course Code : 99DEL38-V3

Release Date : 05/03/2024
Expire Date : 04/30/2026
Credits :
CPE 4.00
QAS 4.00

Length : 3hr 20min
Course Level : Update
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : Preparing Financial Statements and Analysis

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