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Introduction To Financial Statements And The Environment Of Financial Reporting

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Before starting this self study program, please go through the instructional document.


  • Story about WHAT financial Statements are
    8 mins
  • How to Read and Analyze Microline's Financial Statement
    24 mins
  • Reading and Analyzing Financial Statements PepsiCo
    38 mins
  • Loan or buy ownership?
    55 mins
  • International Financial Reporting Standards (IFRS)
    78 mins

Course Description

A financial statement is a formal report of the financial activities of a business, person, or other entity. Financial statements are a key component of accounting; the process of communicating information about a financial entity. Financial statements are presented in a structured manner with conventions accepted by accounting and regulatory personnel. An entity’s financial statement typically includes four basic components: a balance sheet, income statement, cash flow statement, and statement of changes in equity.

This CPE course is an introduction to financial statements and will highlight:

What are financial statements

Why financial statements are important?

This CPE course also includes a description of the environment in which they are prepared and used as well as a description of the concept of corporate governance. This continuing education will also put emphasizes on the role of financial statements in measuring how well companies have performed on key factors of business success. This CPE course covers the preparation and use of financial statements as well as the accounting methods used in constructing the financial statements.

Major topics covered in this online Accounting CPE webinar:

  • The components of a financial statement
  • Uses of the financial statement
  • Limitations of the financial statements
  • Financial statement analyses
  • The environment of financial reporting
  • The environment of corporate governance

Learning Objectives

  • To describe why financial statements are important and how they are used.
  • To describe the four financial statements and explain how they differ.
  • To list the 5 basic questions, in order, that cover the concepts measured by the financial

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Accounting Managers
  • Certified Public Accountant
  • Chief Accounting Officer
  • Cloud Accountants
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA