In this course, you’ll gain a foundation for both creating and interpreting cash flow statements. You’ll learn how to classify and calculate cash flows, as well as how to finalize cash flow statements. The course will also examine ways companies may try to alter cash flow statements in order to present a more positive view of their business.
The instructor breaks down complex subjects into understandable steps, providing real-life examples, analogies, and numerous exercises, with answers explained and discussed.
Upon completion of this course, you’ll be able to:
- Describe the purpose of accounting and the elements of basic accounting statements.
- Demonstrate a working knowledge of accounting principles and concepts.
- Illustrate the process of analyzing and recording accounting entries, including adjusting and closing entries.
- Prepare financial statements for a sole proprietorship and for a merchandising concern.
- Describe the accounting for assets, including merchandise inventory, cash, receivables, short-term investments, plant assets, natural resources, and intangible assets.
- Describe the account for liabilities, including current, long-term, and contingent liabilities.