Skip to content

Understanding the Mechanics of Financial Statements

Special Sale| CPD Accredited| FREE PDF Certificate & Transcript | Lifetime Access| Tutor Support | Free Exam

Skill Up


£15 inc VAT
Study method
Online, self-paced
4 hours
Access to content
Lifetime access
No formal qualification
10 CPD hours / points
  • Certificate of completion - Digital certificate - Free
  • Certificate of completion - Hard copy certificate - £9.99
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

Add to basket or enquire


Behind every successful business lies the backbone of sound financial management. The art of Accounting and Finance is an age-old practice that has evolved over centuries, from the days of simple record-keeping to the modern-day complexities of financial reporting. The "Understanding the Mechanics of Financial Statements" course offers a comprehensive guide to mastering the fundamentals of Accounting and Finance, preparing you to navigate the intricate world of financial decision-making.

Learning Outcomes

  • Gain a solid understanding of the fundamentals of Accounting and Finance, along with the key responsibilities of an accountant.
  • Develop expertise in the accounting process and mechanics that drive financial management in businesses.
  • Acquire the skills to read, interpret, and analyse financial statements.
  • Learn about budgeting, budgetary control, and their impact on business performance.
  • Understand the landscape of financial markets and their influence on Accounting and Finance.
  • Explore the principles of financial risk management, investment management, and auditing.


10 CPD hours / points
Accredited by CPD Quality Standards

Course media


The course, "Understanding the Mechanics of Financial Statements," takes you on an enlightening journey through the world of Accounting and Finance. It begins by introducing the key concepts and principles underlying the field, as well as the essential role of an accountant in driving business success. As we dive deeper into the curriculum, we explore the accounting process and mechanics, from the minutiae of daily transactions to the creation of financial statements.

Armed with this knowledge, you will learn to read and interpret financial statements and develop the analytical skills needed for effective financial decision-making. The latter half of the course delves into the realms of budgeting, financial markets, financial risk management, investment management, and auditing. This comprehensive course equips you with the tools and knowledge necessary to excel in Accounting and Finance.

Who is this course for?

  • Individuals seeking to gain a foundational understanding of Accounting and Finance.
  • Professionals working in finance-related roles, such as financial analysts or controllers, who want to deepen their knowledge of financial statements.
  • Small business owners or entrepreneurs who need to manage their business's finances effectively.
  • Students pursuing a degree in finance or accounting and looking for supplementary learning material.
  • Non-finance professionals who want to better understand financial decision-making and its impact on their work.
  • Career changers interested in exploring the world of Accounting and Finance.

Career path

  • Accountant: Managing financial records and ensuring compliance with regulations.
  • Financial Analyst: Assessing financial data to guide investment decisions.
  • Budget Analyst: Overseeing budgeting processes and evaluating financial performance.
  • Investment Manager: Managing investment portfolios and guiding investment strategies.
  • Auditor: Ensuring the accuracy and compliance of financial statements.

Questions and answers

Currently there are no Q&As for this course. Be the first to ask a question.


Certificate of completion - Digital certificate

Digital certificate - Included

Certificate of completion - Hard copy certificate

Hard copy certificate - £9.99

Inside the UK student have to pay an additional delivery fee of £10, whereas International students are required to pay an additional fee of £19.99 to receive a hard copy of the certificate delivered to their address.


Currently there are no reviews for this course. Be the first to leave a review.


What does study method mean?

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.