Overview
Not a “numbers person?” Then this is the program for you.
Thunderbird School of Global Management’s Understanding Financial Statements is a two-day workshop that explores the fundamentals of financial accounting, giving participants the confidence to understand financial statements and contribute to strategic discussions. Gain a solid grasp of income statements, balance sheets, cash flow statements, key ratios, the Dupont Analysis, and how businesses track their performance and financial health.
Through interactive case studies and real-world applications, you'll develop the skills to:
- Interpret financial data with confidence
- Ask insightful questions that drive smarter decisions
- Connect strategy to the story the numbers tell
No prior accounting knowledge is required. Whether you're a manager, entrepreneur, or simply want to improve your financial literacy, this program will equip you to have a seat at the table when financial matters are discussed.
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Topics
The program will use presentations, small group discussions, and interactive sessions to cover the following topics:
- Financial Statements: Dive into the income statement, balance sheet, and cash flow statement, understanding their role in capturing performance.
- Accounting Fundamentals: Explore asset, liability, and equity basics, expense and capitalization principles, and revenue recognition through real-world examples.
- Financial Analysis: Examine key ratios for liquidity, profitability, and efficiency to assess business health. Uncover the power of the Dupont Analysis for dissecting performance.
- Accounting Systems & Regulatory Frameworks: Understand how key accounting systems like cash vs. accrual operate, then dive into the world of global standards like US generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS).
- Real-World Applications: Apply your knowledge through hands-on analysis of financial statements from various industries.
