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Courses/Accounting & Tax/Financial Reporting & Statements

Financial Statements & Environment of Financial Reporting

This course covers the preparation and use of financial statements as well as the accounting methods used in constructing the financial statements.

Created byLambers Inc.workspace_premium
4.5
(2 reviews)
BeginnerUpdated Jan 22, 2025
Financial Statements & Environment of Financial Reporting

What You'll Learn

check_circleDescribe why financial statements are important and how they are used
check_circleDescribe the four financial statements and explain how they differ.
check_circleList the 5 basic questions, in order, that cover the concepts measured by the financial statements.
check_circleUse actual dollar values from actual financial statements to answer the 5 basic questions.
check_circleDescribe the economic forces that influence the preparation, use, and analysis of the financial statements.
check_circleDefine the concept of corporate governance and how it relates to the financial statements.
check_circleDescribe the key areas of running a business and how they relate to how capital flows through the business.
check_circleLink the key areas of running a business and their results to the financial statements.

About This Course

The introduction to financial statements course is comprised of 8 videos that cover why financial statements are important, what financial statements are, and fundamentally how financial statements provide information that addresses how well companies have performed on the key factors of business success. Also included is the coverage of the environment in which financial statements are prepared and used as well as the concept of corporate governance.

Field of Study: Accounting

Your Instructors

Lambers Inc.
Lambers Inc.
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Lambers, Inc. is a leader in review courses for the EA, AFSP, and CPA exams. Lambers also offers IRS Continuing Education for Tax Preparers and CPE for CPAs. Accounting and finance professionals around the world incorporate Lambers products into their training programs.

Jamie Pratt
Jamie Pratt

CPA

Jamie Pratt was the Alva L. Prickett Chair of Accounting at the Kelley School of Business at Indiana University in Bloomington, Indiana, and now holds the title of Distinguished Emeritus Professor. He received his doctorate in business from Indiana University in 1977, and has held faculty positions at the University of Washington (Seattle), the University of Zurich (Switzerland), Northwestern University and INSEAD (Fontainebleau, France), returning to Indiana in 1991. Jamie’s research interests are in financial reporting and analysis, where he has published over 30 articles in the top academic research journals (including The Accounting Review, Journal of Accounting Research, Contemporary Accounting Research, Accounting, Organizations and Society, and Issues in Accounting Education), and he has taught courses in financial reporting and analysis at every level (introductory, intermediate, advanced) in every program (undergraduate, MBA, PhD). He has received over 30 teaching awards and recognitions, and also taught executive education courses throughout the world. Research and/or teaching recognitions have also come from the following organizations: American Accounting Association, American Taxation Association, Big 4 accounting firms (KPMG and PriceWaterhouseCoopers), Indiana Society of CPAs, the Universities of Manchester (England), Kwansei Gakuin (Japan) and Kentucky, and Business Week magazine. His resume also includes two textbooks (one in its 11th edition), two computer-based interactive case platforms, a financial analysis case book, and several instructor guides that support these products.

Credit Information

What Students Are Saying

4.5
Student's Choice
2 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.