Universal Institute
Last Update April 18, 2024
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About This Course

This course provides a foundational understanding of Financial Reporting and the accounting information system. It equips you with the knowledge to interpret financial statements and analyse the financial health of a business. You will gain insights into the key accounting standards and frameworks that govern financial reporting practices.

Learning Objectives

Gain familiarity with accounting standards and financial reporting requirements.
Develop a solid understanding of the conceptual framework underlying financial reporting.
Explore the functionalities of accounting information systems and their role in data management and reporting.
Learn to prepare and interpret income statements and statements of changes in owner’s equity.
Master the analysis of statements of financial position and cash flows.
Understand the management and reporting of cash and receivables.
Explore inventory management techniques and valuation methods.
Gain insights into property, plant, and equipment (PPE) and intangible assets accounting.
Learn about the measurement and reporting of liabilities and owner’s equity.


  • A basic understanding of accounting principles (though not mandatory).
  • Access to relevant textbooks or online resources for supplementary reading.
  • Proficiency in basic mathematics and spreadsheet software for calculations and analysis.

Target Audience

  • Accounting professionals seeking to enhance their knowledge and skills in financial reporting.
  • Finance professionals aiming to deepen their understanding of financial statements and analysis.
  • Business owners and managers interested in improving their financial management practices.
  • Anyone interested in gaining insights into the principles and practices of financial reporting and analysis.


1 Lesson1680h

Your Instructors

Universal Institute

63 Courses
0 Reviews
12 Students
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