Communications Management

In what form is financial information actually delivered to decision makers?

USD 10.00
instructor
Instructor
Alan Fata
Category
Technical
Difficulty
Easy
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Learning Objectives:
  1. Understand that financial statements provide the structure for companies to report financial information to decision makers.
  2. Identify each of the four financial statements typically reported by a company.
  3. List the normal contents of an income statement.
  4. Define "gains" and "losses" and explain how they differ from "revenues" and "expenses".
  5. Explain cost of goods sold.
  6. Compute gross profit and the gross profit percentage.
  7. Describe the location of income taxes within an income statement.
  8. Describe the method used to differentiate assets from expenses.
  9. Discuss the rationale for the principle of conservatism and its effect on financial reporting.
  10. Explain the reason dividend distributions are not reported within net income.
  11. Discuss the need to study an entire set of financial statements rather than focus in obsessively on one or two numbers such as net income.
  12. Define "retained earnings" and explain its composition.
  13. Define "capital stock" and explain the meaning of its reported account balance.
  14. Understand the lack of financial impact that the exchange of ownership shares between investors has on a company.
  15. List the types of accounts presented on a balance sheet.
  16. Explain the difference between current assets and liabilities and noncurrent assets and liabilities.
  17. Calculate working capital and the current ratio.
  18. Provide the reason for a balance sheet to always balance.
  19. Identify the three sections of a statement of cash flows and explain the types of events included in each.

Other course details:
  1. This is an introductory course that does not require any prerequisite.
  2. This course can be taken on a standalone basis.
  3. This course is chapter 3 in the book titled "Financial Accounting".
  4. It provides 2 PDU (Technical) towards your PMP professional development education.
Course Features
Credits:
2 PDU
Skill section:
Technical
Access:
Lifetime
Questions:
15