Financial Documents 101
Financial documents play a critical role in running small and large companies. The documents help businesses of all kinds in different industries to communicate their financial information to external parties or entities such as investors and banks. The financial reports summarise a business’s accounting procedures and features cash and account title tabulations.
The financial reports also showcase the financial status or position and performance of a company or individual, including changes in finances over a specified period. Businesses aim at using the statements to share financial decisions with internal and external parties to help with economic decisions.
Data sourced from business financial systems are used to aggregate, condense and simplify the development of financial documents. The statements simply display results from a company’s accounting system. The financial documents are usually developed and released on an annual basis every financial year.
This course has been designed to introduce you to the basics of financial documents.
Firstly, we define financial documents and explain what they are. The course also briefly explains what goes into creating financial statements.
Next, we cover the four main types of financial statements that you should know about.
The course introduces each statement and explains what they do and feature. It also explains the role of each statement in the operation of a business and in the life of individuals.
Finally, we state several benefits of financial documents to the business, including external entities, such as lenders and investors.
You Will Learn:
- What financial documents are
- The purpose of financial documents
- The four main types of financial documents
- The features of different types of financial documents
- The benefits of financial documents to business entities
Benefits of Taking This Course:
Taking this course will help you:
- Know the different types of financial documents
- Lean the function of each type of financial document
- Know the different features of each financial document
- Understand the role of financial documents in business
- Gain basic knowledge of financial documents
- Learn about the benefits of financial documents to businesses
- Determine if you want to learn more about financial documents
Who can take the Financial Documents 101 Certification course?There are no entry requirements to take the course.
What is the structure of the course?The course is broken down into 1 individual modules. Each module takes between 20 and 90 minutes on average to study. Although students are free to spend as much or as little time as they feel necessary on each module.
Where / when can the course be studied?The course can be studied study at any time and from any internet connected device
Is there a test at the end of the course?Once you have completed all 1 modules there is a multiple choice test. The questions will be on a range of topics found within the 1 modules. The test, like the course, is online and can be taken a time and location of your choosing.
What is the pass mark for the final test?The pass mark for the test is 70%.
What happens if a user fails the test?If the user doesn’t pass the test first time they will get further opportunities to take the test again after extra study. There are no limits to the number of times a test can be taken.
How long does it take to complete the Financial Documents 101 Certification course?We estimate that the course will take about 0.75 hours to complete in total, plus an additional 30 minutes for the end of course test.