Interpretation of Financial Statements - 001  
 Description  

Interpretation of Financial Statements - 001

Now online - Our online solution allows you to study anywhere with a broadband internet connection, eliminates the need to take time out of the office and gives you the freedom to take the course at your desk.

Interpretation of Financial Statements

  • Become familiar with the basic concepts, standards and practices of financial accounting

Course Instructor: Ronald Chan (MBA, MAcc, CFA)

Number of sessions: 2 sessions

 Videos Duration: 2.5 hours per session, total of 5 hours

 Pricing: HK$1,200

* Course materials are avilable to download online directly after subscription

* Unlimited review during the 3-month subscription period


Course Content

  • Introduction to accounting: objectives, users, limitations of financial reporting
  • Financial statements types: the income statement, balance sheet, cash flow statement, statement of comprehensive income, statement of change in equity
  • Financial statements accounts: major account, liability and equity accounts
  • Financial statements format: account format, report format, liquidity format, classifications
  • Financial reporting standards: IFRS, US GAAP, PRC GAAP
  • Revenue recognition
  • Expense recognition
  • Non-operating items
  • Case study
  • Accounting changes – types and appropriate treatments
  • Earnings per share – use and computation methodologies
  • Comprehensive income
  • Balance sheet classification: current vs long-lived assets, current vs long-term debts
  • Tangibles and intangibles: definitions, different accounting treatments, basic understanding of goodwill
  • Capitalization
  • Liabilities and equity: their differences, priority of claims
  • Presentation and structure of cash flow statement
  • Cash flow classification issues: operating, investing, and financing cash flows
  • Direct and indirect method
  • Case Study

* CPT certificates will be granted to those participants who have:

1.  Watched all of the video content (based on time log in, log out and video clicks in the online portal)

2. Achieved a score of 70% or above in assessment test