Financial Performance

Understanding Financial Statements: Company Performance

In this course, you will learn the most important and applicable financial ratios and financial performance tools to help you make the most efficient management decisions.

Skills you will learn

 Understanding corporate financial statements & reports
 Making informed decisions based on financial data
 Analyzing a company’s financial situation

About this course

This course introduces basic concepts and methods used in the interpretation and analysis of corporate financial statements as an important source of information for decision takers. The major objective is to understand the structure, relevance and information content of the basic financial statements from the user’s perspective.

The course emphasizes analysis of cases and financial reports and concerns the applications of the basic concepts and methods of financial accounting to real-world business issues.

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This course is designed to provide a basic understanding of financial statements with an emphasis on the income statement. Building on the foundation formed in the first course, you will learn about the third of our three measurement questions and how the income statement helps to answer this final measurement question. Returning to the real business people introduced in the first course, this second course describes the basic content of income statement in a simple yet relevant context. The course ends by summarizing many of the lessons learned in both courses to leave you with a lasting impression about what financial statements are and how accounting can work for you. We all know that accounting is “the language of business”; let’s make learning this language engaging, and perhaps even fun!

Upon successful completion of this course, you will be able to:
• Describe the purpose of an income statement.
• Define the basic components of an income statement.
• Recognize and understand the meaning of several items typically presented on an income statement.
• Explain the broader purpose of financial statements and the role of accounting in producing the financial statements.
• Read and, to some extent, interpret real-world income statements.