Course curriculum

  • 1

    Introduction

    • Introduction

    • Downloadable files

    • Learning objectives

    • The three key financial statements

    • The balance sheet

    • Key terms of financial statements

    • Interactive Exercise 1

    • The income statement

    • The cash flow statement

    • Interactive Exercise 2

    • The importance of note disclosures

    • Interactive Exercise 3

    • Conclusion

  • 2

    Reading the Balance Sheet and Statement of Equity

    • Downloadable files

    • Learning objectives

    • General overview

    • Simplified balance sheet

    • Current vs. non-current assets

    • Interactive Exercise 4

    • Demonstration of ABC company balance sheet

    • Accounting for current assets exercise

    • Investments

    • Deferred income taxes

    • Goodwill

    • Intangible assets

    • Accounting for non-current assets exercise

    • Current vs. non-current liabilities

    • Commitments and contingencies

    • Common vs. preferred shares

    • Authorized vs. outstanding share capital

    • Contributed surplus

    • Other comprehensive income

    • Interactive Exercise 5

    • Statement of shareholders equity

    • Examples of equity transactions

    • Interactive Exercise 6

    • Liabilities and equity exercise

    • Business structures

    • How ownership structures impact the financial statements

    • Interactive Exercise 7

    • Conclusion

  • 3

    Reading the Income Statement and Statement of Cash Flows

    • Learning objectives

    • Income statement introduction

    • Cost of sales

    • Operating expenses

    • Other non-operating items

    • Interactive Exercise 8

    • Statement of cash flows

    • Cash flow activities

    • Key elements in a cash flow statement

    • Interactive Exercise 9

    • Intel financial statements challenge exercise

    • Conclusion

  • 4

    Linking It All Together

    • Learning objectives

    • The financial statements reviewed

    • Levels of financial reporting

    • Audited financial statements

    • Review engagements

    • Compilation engagements

    • Interactive Exercise 10

    • Key lending ratios

    • Interactive Exercise 11

    • Conclusion

  • 5

    Taxation

    • Learning objectives

    • How income is reported for tax purposes

    • Corporate income tax and deferred income taxes

    • Permanent and temporary differences between accounting and taxable income

    • Deferred income taxes

    • Income tax disclosures

    • Income taxes exercise

    • Treatment of losses

    • Interactive Exercise 12

    • Conclusion

  • 6

    Summary

    • Summary

  • 7

    Qualified Assessment

    • Qualified assessment

    • Share Your Feedback

    • Course Completion