5 Things to Learn from a Company's Annual Report and Financials
What to look for in a company’s financials and annual report to give you a quick picture of a company’s financial health and current and future financial prospects.
Track
Financial Reporting and Accounting
Explains key concepts in financial reporting and accounting, such as accrual accounting, revenue recognition, and depreciation and amortization. This track also covers the roles in a finance department; the processes of accounting, financial reporting, and audits; and how to analyze a company’s annual report and financials.
CLE Available
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17 min
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5 min
Accrual Accounting and Revenue and Expense Recognition
The main difference between cash accounting and accrual accounting is how revenue and expenses are recognized. This course briefly explains these accounting methods and describes how revenue and expenses are recognized in accrual accounting.
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11 min
Audited Financials and the Audit Process
An audit is the primary mechanism for providing confidence in the reliability of a company’s financial statements. This course explains the audit process, audit opinions and how audited financial statements are put together.
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7 min
Depreciation and Amortization
A summary of how depreciation and amortization work and how they show up on the financial statements.
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8 min
Financial Reporting and the Regulatory Framework
An introduction to the regulatory framework and financial reporting for US and non-US companies, including GAAP, FASB, IFRS and IASB.
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10 min
Roles and Responsibilities in a Finance Department
A discussion of how finance departments are structured, including descriptions of the typical responsibilities of common senior finance roles.
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12 min
The Accounting Process
An overview of the accounting process, including how transactions appear in a company’s chart of accounts, general ledger, trial balance and financial statements.