The Balance Sheet PREMIUM
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Learning SummaryDescription:
This module explains in more depth the nature and purpose of the balance sheet and the basic accounting equation introduced in the first module of this series, Understanding Financial Statements. It explains the major accounting classifications shown in the balance sheet and the items reported under each category. Finally, it will discuss in more detail how to use the balance sheet for decision-making purposes.
Prerequisites:
Who should complete this module:
Managers, supervisors, entrepreneurs, and professionals in any discipline who need more in-depth knowledge of the balance sheet; educators and students in business and accounting.
Learning Objectives:
In this module, you will learn to:
1. Describe the nature and purpose of the balance sheet.
2. Define the basic accounting equation.
3. Identify the major accounting classifications reported in the balance sheet.
4. Categorize the items reported under each classification.
5. Discuss the usefulness of the balance sheet for decision making.
1. Describe the nature and purpose of the balance sheet.
2. Define the basic accounting equation.
3. Identify the major accounting classifications reported in the balance sheet.
4. Categorize the items reported under each classification.
5. Discuss the usefulness of the balance sheet for decision making.
Competencies Acquired:
Learn the different classifications of the balance sheet, the information reported under each category, and its usefulness for management decision making.
Program Level:
Basic
Duration of Video:
7:27
CPE Credit:
0.50
Delivery Method:
Self-study
Field of Study:
Accounting
Additional Info:
For general information regarding our training modules, including practice exercises and assessments, or information on refunds, concerns and program cancellation policies, please see our Help section under the Resources menu.
Last Revision Date:
31 Oct 2018
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