Introduction to Financial Statements
In this free online course, master the key concepts of financial statements, financial analysis and ratios, forecasting and pro forma financial statements.
In this free online certificate course, you will learn about the major financial statements: how to create them and how to use the information they provide. You will study the different types of financial ratios ? their sources, formulas, purpose, uses and limitations – as well as how to interpret and apply them. The course also presents pro forma financial statements and how to use them to make vital managerial decisions.
What You Will Learn In This Free Course
Financial Statements
This module defines the financial statement, and covers their uses and limitations. It focuses on the elements and limitations of the income statement, the balance sheet and the statement of cash flows. It also provides some information on the statement of equity and the free cash flow statement. The module explains the impact of taxes on firms. It defines the various types of taxes and explains the difference between economic value and market value.
Analyzing Financial Statements and Ratios
This module provides a general overview of financial ratios and how they are used. The five main types of financial ratios are presented with their formulas, interpretations, and limitations. The module provides information on which financial statements contain the information needed to calculate the ratios. The module explains how financial ratios are used for industry comparisons, benchmarking, and trend analysis. It also discusses the impact that inflation and other distortions.
Forecasting and Pro Forma Financial Statements
This module presents forecasting financial statement and their use for valuing a firm and making managerial decisions. It also emphasizes the importance of cash and good cash management to a business. The module discusses financial modeling and pro forma analysis and how managers use these financial tools regularly to make internal decisions and to present to external partners, to assess a firm’s performance and to compare it to itself, its competitors, its industry, and across time.
Course assessment
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