Understanding Financial Statements

Understanding Financial Statements is an important management tool. When correctly prepared and properly interpreted they can provide you with timely, accurate and relevant information to use in your business.  

You don’t need to be an accountant BUT you can know the basics in order to understand what is happening day-to-day in your business.  
This Module will introduce you to Basic Accounting Concepts and terminology,  providing you the foundation to understand more detailed processes in further modules.

Upon completion of this module, you will be able to:

• Understand the basic accounting concepts
• Understand basic financial accounting terminology
• Differentiate between debits and credits
• Understand the 2 different types of accounting