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CONTINUING EDUCATION COURSE002-340 - Reading and Understanding Financial Statements

Credits Non Credit
To Apply, Contact: Yellowknife North Slave Campus - Yellowknife
Registrar's Office
Toll Free: 1-866-291-4866
Phone: (867) 920-3030
Fax: (867) 873-0333
Karen Horn, Coordinator, Continuing Education, Yellowknife/North Slave Campus
Registrar's Office
Toll Free: 1-866-291-4866
Phone: (867) 920-8802
Fax: (867) 873-0333
Hours 12
Delivery Method Continuing Education
Course Contact
Instructor Heather Lyon, First Start Planning Ltd.
Start Date May 30, 2019 Start Time 9:00 AM
End Date May 31, 2019 End Time 5:00 PM
Cost $500.00
Delivery Location
Yellowknife North Slave Campus - Yellowknife
Karen Horn, Coordinator, Continuing Education, Yellowknife/North Slave Campus

This 2-day workshop will cover a brief review of the basics including the five types of accounts (Assets, Liabilities, Equities, Revenue & Expense); Debits & Credits and some of the Generally Accepted Accounting Principles that help to explain the theory behind some of the accounts in financial statements.  Students will learn how to read, interpret and analyze financial statements for both for-profit and non-profit organizations.

Bookkeeping Basics

  • Assets
  • Liabilities
  • Equity
  • Revenue/Income
  • Expense
  • Debits & Credits
  • GAAP

Financial Statements

  • Balance Sheet
  • Income Statement (Profit & Loss Statement)
  • Statement of Cash Flows

Interpreting Your Financial Statements

  • Comparison to Previous Years
  • What do the numbers mean?
  • Using Standard Ratios

Practical Application

  • Retail Business Statements
  • Service Business Statements
  • Non-Profit Organization Statements



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