Are you one of those professionals who is curious and wants to learn about financial statements, but is intimidated by financial numbers and jargon? Then this course is for you!
In this course, we will demystify accounting jargon, help you understand financial statements and analyse them for better decisions. Whatever be your background – marketing, operations, supply chain, strategy, engineering or others, in today’s competitive world, you need to use and interpret crucial financial data for making informed decisions.
This course will enable you to:
Understand the various elements of financial statements
Apply accounting principles related to its preparation
Use tools and techniques to analyse and interpret the key parameters of financial performance
The course has direct application and high relevance in every professional’s life. Concepts learnt in the course can be applied in day to day management for improving operations and creating value for the organization. You will also be able to assess financial implications of your decisions.
The course will be covered in an easy, simple and interactive manner through various hands-on activities, short cases and easy-to-understand examples.
No previous finance knowledge is needed. Come armed with enthusiasm and curiosity to learn.
What you'll learn
Basic financial concepts
Financial statements and their elements
Various accounting standards with respect to the elements in the financial statements
Techniques to analyse the financial statements
Interpretation of financial statements for better decision-making
Week 1: Introduction to Financial Accounting
Introduction to Accounting
Using Financial Information for Decision Making
Introduction to the Accounting System
Understanding Business Transactions: A Visit to Raj Cafe
Recording through Accounting Equation
Preparing Financial Statements for Raj Cafe
Preview of Upcoming Weeks
Week 2 : A Closer Look at the Balance Sheet
Introduction to the Elements of Balance Sheet: Assets, Liabilities and Equity
Week 3 : A Closer Look at the Income Statement, Cash Flow Statement and Statement of Changes in Equity
Introduction to Income Statement and Related Accounting Concepts
Important Elements of the Income Statement
Introduction to Cash Flow Statement
Statement of Comprehensive Income and Statement of Changes in Equity