25.10.20
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Calculating Financial Statements

In this micro-credential, learners will explore crucial financial concepts, emphasizing the significance of understanding financial statements, and unravelling the intricacies of balance sheets, income statements, and cash flow statements. Learners will delve into the accessibility of financial literacy, breaking down barriers to ensure that financial knowledge is within reach for everyone. This micro-credential is committed to promoting financial literacy for all, empowering individuals from diverse backgrounds to build economic understanding. Through practical insights and tools, learners will be equipped to make informed financial decisions, whether in personal finances or within the context of their businesses.

Skills / Knowledge

  • Recall what is a Trial Balance and what constitutes “credit” and “debit” when working with financial data.
  • Identify how everyday financial transactions contribute to the entries that go into the financial statements.
  • Identify the effect depreciation has on major assets.
  • Recognize the two key documents that comprise a financial package – The balance sheet and the income statement.
  • Differentiate between Fixed and Variable Expenses.
  • Differentiate between the income statement and balance sheet.
  • Calculate assets

Issued on

January 16, 2025

Expires on

Does not expire