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CONTINUING EDUCATION COURSEACCT 0012 - Reading and Understanding Financial Statements (ONLINE)

Credits Non Credit
To Apply, Contact: Aurora Campus - Inuvik
Registrar's Office
Toll Free: 1-866-287-2655
Phone: (867) 777-7800
Fax: (867) 777-2850
Thebacha Campus - Fort Smith
Registrar's Office
Toll Free: 1-866-266-4966
Phone: (867) 872-7500
Fax: (867) 872-4511
Yellowknife North Slave Campus - Yellowknife
Registrar's Office
Toll Free: 1-866-291-4866
Phone: (867) 920-3030
Fax: (867) 873-0333
Jessica Cox, Coordinator, Continuing Education, Thebacha Campus
Registrar's Office
Toll Free: 1-866-266-4966
Phone: (867) 872-7507
Fax: (867) 872-5024
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 Distance
Course Contact
Instructor Heather Lyon
Start Date Oct 13, 2020 Start Time 9:00 AM
End Date Oct 14, 2020 End Time 4:00 PM
Cost $600.00
Delivery Location
Aurora Campus - Inuvik
Thebacha Campus - Fort Smith
Yellowknife North Slave Campus - Yellowknife
Karen Horn, Coordinator, Continuing Education, Yellowknife/North Slave Campus
Jessica Cox, Coordinator, Continuing Education, Thebacha 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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