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Making sense of financial reports and statements
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When used correctly financial statements enable the
reader to tell the financial
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Story of the business and to understand the financial
outcomes resulting from the strategic choices made and the level of
operational performance delivered.
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In this session we will look at how businesses report
their financial performance.
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Key Issues and topics:
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Understanding of the financial statements - Balance
Sheet
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Practical Exercise: Examination of the Income
Statement of SingTel Ltd
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Statement of Cash flows
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Acknowledging the concepts and principles used in the
preparation of the profit and loss statements and balance sheets
including accrual accounting basics
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Discussing how assets (including intangibles) are
measured
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Understanding the relationship between cash flow and
profit creation
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Identifying the complexities associated with asset,
liability and equity measurement
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Mastering the financial terms
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Exploring the relationship between financial
statements to tell the financial story of the business
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The financial statements are generally viewed as
stand-alone documents.
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How the Balance Sheet and the Income Statement
connect to each other
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What is the relationship between the Income Statement
and the Cash Flow
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Statement
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How the Balance Sheet and the Cash Flow Statement
connect to each other
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Building an integrated model for financial reporting