Learn how to analyse financial statements in this free online finance course that covers a range of important documents. Did you know that cash is the most liquid asset and is listed first on balance sheets? This finance course defines various terms used in business, including ‘current and noncurrent assets’. We explain how to find debt in the ‘liabilities’ section and find profits and losses in the income statement. We also discuss how to use inventory cost methods like ‘First-in, First-out’ and ‘Last-in, First-out’. Sign up to master financial statements.
| College | Alison |
| Course ID | 192166 |
| Course Type | Online Learning |
| Course Qualification | CPD Certificate |
| Course Duration | 1.5-3 hours |
| Course Fee | Free |
| Entry Requirements | Like all courses on the Alison Free Learning platform this is a free, CPD-accredited course. A Graduate can choose to buy a certificate or diploma upon successful completion of a course, but this is not required or necessary. At Alison we believe that free education, more than anything, has the power to break through boundaries and transform lives. Alison is the world’s largest free online empowerment platform for education and skills training, offering over 5000 CPD accredited courses and a range of impactful career development tools. It is a for-profit social enterprise dedicated to making it possible for anyone, to study anything, anywhere, at any time, for free online, at any subject level. Through our mission, we are a catalyst for positive social change, creating opportunity, prosperity, and equality for everyone. |
| Career Path | In This Free Course, You Will Learn How To • List the various business types • Identify the two different types of inventories • Describe inventory cost flow assumption and issues as well as some inventory cost methods • Explain how to manage long-term debt, prepare for potential liabilities and keep bond issues in accounts • Recognize the typical sections of an income statement • Identify the two sources of income • Recall how to construct an income statement • Define ‘current and noncurrent assets’ and explain how they should be presented on the balance sheet • Recognise ‘current liabilities’ and find them on the balance sheet • Discuss how to present an income statement |
| Course Code | 1048 |
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