University of Tasmania
14 hours
Master the fundamentals of financial statements including balance sheets, income statements, and cash flow statements. This self-paced online course is perfect for business owners, corporate professionals, investors, and anyone seeking to understand financial reports and corporate news with confidence.
There are no pre-requisites or assumed prior knowledge about financial accounting required to undertake this course. This course is designed for anyone seeking to improve their understanding of financial statements, including small business owners, corporate professionals, shareholders, investors, students, and those interested in understanding corporate financial news.
The course covers the nature and purpose of the balance sheet, income statement, and statement of cash flows. You'll learn the importance of understanding the intended audience of financial statements, key concepts employed in formulating financial statements, and commonly used recognition and measurement principles within financial accounting. The course also addresses common misconceptions about financial statement information, explores the potential for creative accounting and why it occurs, and provides basic tools for evaluating financial statements. Learning consists of reading resources, short videos, and interactive online learning exercises with self-tests throughout.
The University of Tasmania is a respected Australian institution with expertise in financial accounting education. The course is designed by Craig Deegan, a Professor of Accounting and highly respected expert in financial accounting, who has authored three leading textbooks and is frequently sought by corporations and government bodies for financial accounting expertise. The course is written in plain English and designed to make complex financial concepts accessible to professionals without accounting backgrounds.
Upon completion, you'll be able to understand how money is being spent within your organisation, speak with confidence about financial statements, and apply financial analysis to business decision-making. This knowledge is valuable for small business owners seeking better financial management, corporate professionals exposed to financial reports, investors and shareholders evaluating companies, and anyone interested in understanding corporate financial performance and news commentary.
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