Course curriculum
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1
Introduction
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Introduction
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Downloadable files
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Learning objectives
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The three key financial statements
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The balance sheet
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Key terms of financial statements
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The income statement
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The cash flow statement
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The importance of note disclosures
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Conclusion
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2
Reading the Balance Sheet and Statement of Equity
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Downloadable files
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Learning objectives
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General overview
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Simplified balance sheet
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Current vs. non-current
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Demonstration of ABC company balance sheet
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Accounting for current assets exercise
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Investments
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Deferred income taxes
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Goodwil
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Intangible assets
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Commitments and contingencies
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Accounting for non-current assets exercise
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Common vs. preferred shares
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Authorized vs. outstanding share capital
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Contributed surplus
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Other comprehensive income
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Statement of shareholders equity
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Examples of equity transactions
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Liabilities and equity exercise
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Business structures
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How ownership structures impact the financial statements
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Conclusion
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3
Reading the Income Statement and Statement of Cash Flows
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Learning objectives
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Income statement introduction
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Cost of sales
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Other non-operating items
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Statement of cash flows
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Cash flow activities
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Key elements in a cash flow statement
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Intel financial statements challenge exercise
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Conclusion
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4
Linking It All Together
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Learning objectives
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The financial statements reviewed
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Levels of financial reporting
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Audited financial statements
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Review engagements
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Compilation engagements
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Key lending ratios
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Conclusion
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5
Taxation
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Learning objectives
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How income is reported for tax purposes
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Corporate income tax and deferred income taxes
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Permanent and temporary differences between accounting and taxable income
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Deferred income taxes
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Income tax disclosures
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Income taxes exercise
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Treatment of losses
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Conclusion
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Summary
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6
Qualified Assessment
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Qualified assessment
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Reading Business Financial Information course evaluation
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