Do you know how to draw up and analyze accurate financial statements? This course breaks down this important skill. In this free online certificate course, you will learn about the major financial statements: how to create them and how to use the information they provide. You will study the different types of financial ratios – their sources, formulas, purpose, uses and limitations - as well as how to interpret and apply them. The course also presents pro forma financial statements and how to use them to make vital managerial decisions.
| 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 | What You Will Learn In This Free Course • Define the purpose, uses, and limitations of a financial statement • Identify the elements of an income statement, a balance sheet and a cash flow statement • Analyze the impact of taxes on firms • Compare accrual and cash accounting • Describe financial ratios and their uses • Compute and interpret main profitability, activity, liquidity, debt management and market value ratios • Recognize some limitations of financial ratio analysis • Explain the distortionary effect of inflation and some other items • Apply different forecasting techniques and analyze forecasting • Describe how to create a pro forma income statement, balance sheet and a cash budget • Define financial modelling and pro forma analysis |
| Course Code | 3372 |
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