Understanding your Tools

Before even attempting to prepare or analyse your organisation's financial statements, you will first learn to identify the different purposes of each financial statement to utilise them better. We will do so by going through the uses and limitations of each statement.

Generating the Statements

To start preparing the financial statements, you will need to understand the layout of the financial statements. We will go through the key elements that make up each statement and the calculations involved when preparing the statements.

Analysing Financial Data

After understanding preparing financial statements, you'll also learn how to avoid common mistakes. Subsequently, you'll be able to learn how to interpret analysis drawn from the statements using financial ratios. By the end of this course, you'll have the skills and confidence to correctly prepare and interpret financial statements for your organisation.

Learning Outcomes

• Know how to differentiate each financial statement 
• Identify the key elements of each financial statement
• Perform necessary calculations on each financial statement
  
• Avoid the mistakes made when preparing financial statements

Who Should Attend?

• Business owners who wish to gain a better understanding of using financial statements and their analysis
• Individuals seeking to gain insights into the different types of financial statements and calculations methods