Course curriculum

  • 1

    Introduction

    • Course introduction

    • Downloadable files

  • 2

    Understanding the Balance Sheet

    • Session objectives

    • 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

  • 3

    Understanding the Income Statement and Cash Flow

    • Session objectives

    • 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

  • 4

    Qualified Assessment

    • Qualified assessment

    • Reading Financial Statements course evaluation