What you'll learn

Balance Sheet/Statement of Financial Position (ASC 210)
Income Statement /Statement of Profit or loss (ASC 210)
Statement of Comprehensive Income (ASC 220)
Statement of Shareholding Equity (ASC 215)
Statement of Cash Flows (ASC 230)
Consolidated Financial Statement (ASC 810)
Notes to Financial Statement (ASC 235)

Requirements

An accounting background is desirable, but not mandatory.

Description

Mastering General Purpose Financial Statements for Profit Entities: A Comprehensive GuideAre you ready to take control of financial reporting and understand how the numbers come together in a business? This course is your ultimate guide to mastering General Purpose Financial Statements for profit entities. Whether you're just starting out in finance, building your skills as a professional, or running your own business, this course will break down the complexities of financial statements and make them simple and approachable.What You'll Learn:Balance Sheet/Statement of Financial Position (ASC 210): Learn how to organize assets, liabilities, and equity effectively.Income Statement/Statement of Profit or Loss (ASC 210): Dive into the formats that showcase a company's profitability.Statement of Comprehensive Income (ASC 220): Discover what makes up Other Comprehensive Income and why it matters.Statement of Shareholder Equity (ASC 215): Understand the elements that reflect ownership changes, like Retained Earnings and Treasury Stock.Statement of Cash Flows (ASC 230): Get comfortable with tracking cash movements using both the Direct and Indirect Methods.Consolidated Financial Statements (ASC 810): Learn how to combine financials across entities and handle intercompany transactions.Notes to Financial Statements (ASC 235): See how detailed disclosures provide vital context for the numbers.Why This Course Is Different:You won't just sit through theory—this course is packed with practical examples, clear explanations, and opportunities to practice what you've learned. We'll walk you through U.S. GAAP standards step-by-step so you can feel confident interpreting or preparing financial statements.

Who this course is for

This course is intended for working professional as well as students who wish to gain some understanding of Accounting.
Homepage:

https://www.udemy.com/course/general-purpose-for-financial-statements-for-profit-entities/