#2 The Trinity of Finance: Understanding Three Financial Statements
Learn how the Balance Sheet, Income Statement, and Cash Flow Statement are organically linked to tell a single story of a business.
We do not grow old as long as we strive to improve ourselves.
Learn how the Balance Sheet, Income Statement, and Cash Flow Statement are organically linked to tell a single story of a business.
Understand accrual-basis accounting—the core principle of financial reporting—and master the adjusting entries required to align records with reality at the end of the period.
An in-depth look at how to value and record assets—the core of the balance sheet—specifically focusing on financial assets and inventory.
Study the present value evaluation of financial liabilities, including corporate bonds, and learn about provisions for future uncertain obligations.
Analyze the complex components of equity and capital transactions, along with Earnings Per Share (EPS)—the indicator investors value most.
An in-depth look at the 5-step model for revenue recognition under IFRS 15, and the accounting for hybrid instruments that possess characteristics of both debt and equity.
Understand the accounting events that occur when a firm acquires another, and explore the nature of Goodwill—the intangible asset of a firm.
Study the process of consolidating a parent and its subsidiaries into a single entity and learn the principles of eliminating intercompany transactions.
Understand the impact of exchange rate fluctuations on financial statements and master the sophisticated accounting for derivatives used to manage risk.
How much did it cost to make one product? Study the basics of cost accounting to track numbers on the manufacturing floor.
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