In the business world, knowing how to read financial statements represents a major benefit as it is one of the most important information resources you can find about a company, and its an official data provided by that company. By reading a financial statement, you can see all the money that goes and comes into the budget, all the income, and the expenses that a certain company has.
A financial statement might not have all the information with the deepest details, however, it has a lot of data that can be used in order to understand how the company is doing if you wish to invest or collaborate and partner with it.
The topic of Financial statement is huge, therefore needs a lot of time to learn about it. In this course, you will learn the basics first. The focus will be on how to read financial statements, learn what are the components of it, and what do they mean. Since the financial statement document has a lot of information and it seems overwhelming for someone to see it for the first time, this course is focused on simplifying that process.
The structure of the course will consist in explaining first what is Financial Statement, the history behind it, and how it progressed to what we know it as today. There are four main tables in a statement, and you will learn about each one of them, what is it, and how to read it. As in all other courses provided by Abdullah, you will analyze the information based on a case study that is a financial statement of a real company, data that can be found publicly. A real example will help correlate better the theory with practicality.
At the end of the course, you will also find out beyond the scope of the financial statements, about the other details the companies usually share that are not part of a financial statement, however, is important information to be considered.