Description

This course provides an overview of financial statements and auditing, covering topics such as the purpose of financial statements, the different types of financial statements, the auditing process, and the roles and responsibilities of auditors.

After the successful completion of the course, you will be able to learn about the following;

Understand the accounting concept, including its definition and its role in business.

Identify the historical events and developments that have shaped financial accounting practices.

Define financial statements and describe their purpose in financial reporting.

Differentiate between the different types of financial statements, including balance sheets, income statements, cash flow statements, statements of changes in net assets, and notes to the financial statements.

Explain the concept of auditing and its importance in ensuring the accuracy and reliability of financial statements.

Trace the evolution of auditing systems over time and describe the key developments that have shaped modern auditing practices.

Identify the different types of audits, including external, internal, and government audits.

Describe the four phases of an audit cycle and the activities during each phase.

Define the role of an auditor and identify the key skills and functions required to be an effective auditor.

This course provides a comprehensive introduction to financial accounting and auditing, covering the fundamental principles and concepts that underpin these fields. The course begins by exploring the concept of accounting and its historical development, providing students with a broad understanding of the role that accounting plays in business.

The course then delves into financial statements, examining the different types of financial statements organizations use to report their financial performance, including balance sheets, income statements, cash flow statements, and statements of changes in net assets. Students will learn how to read and interpret these financial statements and understand the key metrics and ratios used to assess a company's financial health.

VIDEO - Course Structure and Assessment Guidelines Watch this video to gain further insight.

Navigating the MSBM Study Portal Watch this video to gain further insight.

Interacting with Lectures/Learning Components Watch this video to gain further insight.

Understanding the Basics of Financial Statements & Auditing Self-paced pre-recorded learning content on this topic.

Understanding the Basics of Financial Statements & Auditing Put your knowledge to the test with this quiz. Read each question carefully and choose the response that you feel is correct.

All MSBM courses are accredited by the relevant partners and awarding bodies. Please refer to MSBM accreditation in about us for more details.

There are no strict entry requirements for this course. Work experience will be added advantage to understanding the content of the course.

The certificate is designed to enhance the learner's knowledge in the field. This certificate is for everyone eager to know more and get updated on current ideas in their respective field. We recommend this certificate for the following audience.

CEO, Director, Manager, Supervisor

Accountants

Auditors

Financial analysts

Investment analysts

Business managers

Entrepreneurs

Financial consultants

Tax professionals

Bankers

Students pursuing a degree in accounting or finance

Average Completion Time

2 Weeks

Accreditation

3 CPD Hours

Level

Advanced

Start Time

Anytime

100% Online

Study online with ease.

Unlimited Access

24/7 unlimited access with pre-recorded lectures.

Low Fees

Our fees are low and easy to pay online.

Course Images

Professional Certificate Course in Understanding the Basics of Financial Statements and Auditing in London 2024

By Metropolitan School of Business & Management UK

Booking options

Highlights

Description

About The Provider

Tags

Reviews