Understanding Financial Statements

School of Hotel Administration

How long?

  • 1 day
  • online

School of Hotel Administration

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Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

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Who should attend

This course is essential for all managers and professionals who regularly work with financial reports and also provides non-financial professionals with the core principles of financial reporting.

About the course

In order for organizations to succeed, leaders and managers must be able to accurately interpret and utilize financial reports. They must also be able to assess the overall financial performance of the organization, a particular department, or the competition, and then convey the organization's financial condition to its constituents.

In this course, participants will learn how to read and interpret income statements, balance sheets, and cash flow statements. By understanding the information contained in each of these key reports, participants will have a solid foundation upon which to base more advanced analysis of their firm's financial performance.

Key Benefits

Participants who complete this course will be able to...

  • Understand and interpret the information found in the three principle financial statements
  • Understand how the three reports relate to one another and how they are combined (with additional information) to serve as an annual report
  • Work with online sources of financial information to conduct research on other publicly-traded firms and industries

Topics Include

Module 1- Reading the Income Statement

  • Understanding the purpose of the income statement and its overall structure
  • Interpreting the income statement line by line
  • Using the income statement

Module 2 - Reading the Balance Sheet

  • Understanding the purpose of the balance sheet and its overall structure
  • Interpreting the balance sheet line by line
  • Using the balance sheet

Module 3 - Reading the Cash Flow Statement

  • Understanding the purpose of the cash flow statement and its overall structure
  • Interpreting the cash flow statement line by line
  • Using the cash flow statement

Module 4 - Other Elements of Financial Reporting

  • The purpose of an annual report
  • Online sources of financial information
  • GAAP and FASB, and their influence on the structure and use of these financial statements

Experts

Steven Carvell

Dr. Steven Carvell, a professor of finance at the School of Hotel Administration, has 30+ years of extensive service at the School and University including: Associate Dean of Academic Affairs, Academic Director of the Pillsbury Institute of Entrepreneurship, and the Cornell University Internation...

Scott Gibson

Scott Gibson is the J.E. Zollinger Professor of Finance at the College of William and Mary Mason School of Business. His current research interests include optimal financing strategies for hospitality firms and the effect of institutional investor trading behavior on securities prices. His resear...

Videos and materials

Understanding Financial Statements at School of Hotel Administration

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.