Understanding Financial Statements

• The student will understand what financial statements are.
• The student will be able to identify the different financial statements.
• The student will understand the purpose of the individual financial statements.
• The student will be able to read and understand financial statements.
• The student will have knowledge of who uses financial statements and how.
• The student will understand basic ways to improve specific financial measures.

CILB #0608099

Course Specifications:

Total Hours of Instruction: 50 Minutes

Method of Course Presentation: Online

Method of Evaluation of Course Participants: Multiple-Choice Exam

Course categories: Business Practice

Course Syllabus

Objectives and Outline

Course Description / Overall Objectives: It is a one hour course designed to give an overview and basic understanding of financial statements. The objectives are to provide the student with a certain level of knowledge of financial statements and to be able to apply it in practical fashion.

Course Topics (Table of Contents):

Understanding Financial Statements – 50 minutes

1. What are Financial Statements (5 minutes)
2. The Different Financial Statements (5 minutes)
3. The Balance Sheet: In Detail (10 minutes)
4. The Income Statement: In Detail (10 minutes)
5. The Statement of Cash Flows: In Detail (10 minutes)
6. Financial Statements and Bonding (10 minutes)

Course Objectives / Cognitive Domain knowledge level goals:

• The student will understand what financial statements are.
• The student will be able to identify the different financial statements.
• The student will understand the purpose of the individual financial statements.
• The student will be able to read and understand financial statements.
• The student will have knowledge of who uses financial statements and how.
• The student will understand basic ways to improve specific financial measures.

Evaluation Method

Multiple choice exam covering, proportionately, the course topics. Students must achieve a passing score of 70%.