How to Read Financial Reports: A Beginner’s Guide

Description

Throughout this course, we will introduce reading financial reports for beginners in more detail, including:-What is a financial report?-Benefits of reading financial reports-Different types of financial reports-How can financial reports help companies make decisions?A financial report is like a financial snapshot of your company. It's a document that summarises your company's financial position and performance, showing you how your business is doing.There are several different types of financial reports, such as balance sheets, income/profit and loss statements, and cash flow statements. We’ll learn about each of these in more detail throughout this course. Each type of report provides you with a different view of your company's financial situation. Just like you need to check your bank account balance to make sure you're not overdrawn, you need to check your financial reports to make sure your business is on the right track!By the end of this course, you will be able to:• Describe the benefits of reading financial reports• Distinguish between the different types of financial reports• Explain how financial reports help companies make decisions• Outline the main categories of financial reports, cash flow statements and balance sheets• Analyse income/profit and loss statements, cash flow statements and balance sheetsThis How to Read Financial Reports: A Beginner’s Guide course includes: