Understanding Financial Statements
(1 day)

TypeOnsite Course
DateMar 1, 2020 - Mar 1, 2020
Price€ 769


Business & Soft Skills

Balance sheet
Business analysis
Business report
Consolidation principles
Income statement
Key accounting principles
Legal entities
Abstract thinking
Analytical skills
Attention to detail
Comprehension of complex issues
Knowing what the data reveals about business
Understanding financial statements

When entering a business relationship with a company it is important to understand how your prospective customer runs their business? What is their financial situation? Are they able to smoothly carry on with their activities? Or are they experiencing financial distress?
By understanding business reports and financial statements you will be able to:
– Evaluate your business partner’s financial stability to meet their contract and payment obligations,
– Estimate their ability to grow with you, and
– Comprehend if they run a sustainable business.
In this interactive Live Course, you will learn about key accounting principles and the composition of the business report. This will help you not only understand the current financial standing but also envision the future position of your business partner.



Purpose of the business report and key accounting principles
Understanding balance sheet, assets and liabilities structure
What does the income statement reveal
Why cash-flow is important
Supplementary materials and audit notes
Special items: Consolidation, off-balance sheet items, intangible assets




Anyone who wants to understand their customers’ or suppliers’ business from finance perspective. Anyone who wants to acquire practical knowledge about how to read and interpret Financial Statements.



50% dedicated to theory
50% allocated to group exercises; analysing assets and liabilities; evaluating income statement of companies of good standing and in financial distress; compiling a cash flow statement, and comparing business reports from providers of your choice
i.e.D&B Bisnode, Creditreform and Moody’s
8 hours