Advanced financial statements
Session Objective
Learn about more complex concepts of financial statements such as accrued payables, work in process and non-operating income.
Learning Outcomes
- review and interpret more complex financial statements
- understand the terminology, and ask informed questions of financial professionals
Session Outline
- How are cash and accrual accounting different?
- Why is my balance sheet so complicated?
- What is depreciation?
- Why are prepaid expenses assets?
- How do I account for intangible assets?
- What are retained earnings?
- How are earnings per share determined?
- What is non-operating income?
