The purpose of Key Finance reports is to give information related to a firm’s finance or financial position, its performance and the changes occurring in its financial position that will help users to make profitable economic decisions.
Finance Key Reports should be comprehensible, applicable, consistent and comparable, and they must be comprehensible to readers with a practical knowledge of accounting, economic activities and business. Reported equity, assets, income, liabilities, and costs have a direct impact on a firm’s financial position.
This unit is a comprehensive guide to the various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings. It also describes single-entry and double-entry bookkeeping including a look at debits and credits.
Key Financial Reports
After completing this course learners will be able to:
- Discuss various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
- Explain single-entry and double-entry bookkeeping
- Differentiate between debits and credits
Introduction to the Key Reports
- The Income Statement
- The Balance Sheet
- The Cash Flow Statement
- Statement of Retained Earnings
- Single-Entry vs. Double-Entry Accounting
Understanding Debits and Credits
Who is this course for?
- New or recent recruits to banking and financial organisations
- Operations and support staff
- Finance and accounting staff
- Dealers and Traders
No prior knowledge is required to take this unit
Questions and answers
No questions or answers have been posted about this course.
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