Learning Outcomes

Upon successful completion of this course, you should be able to:

• Recognize the fundamental concepts of financial accounting
• Identify the types of financial statements
• Explain the double-entry system of accounting
• Evaluate the effects of different types of financial transactions
• Analyze the process of preparing the final accounts
• Identify major assumptions of the cash flow statement
• Categorize the major activities of the cash flow statement
• Distinguish the direct and indirect methods of cash flow statements
• Recognize the importance of the annual report to the stakeholders
• Describe the importance of financial statement analysis to decision-making