Understanding Financial Statements: Company Performance

This course will teach you the fundamentals of financial statements, with a focus on the income statement. You will learn about the third of three measurement questions and how the income statement can help you answer this last measurement question, building on the foundation laid in the previous session. Returning to the real-life company people from the first course, this second course explains the basic elements of an income statement in a straightforward yet practical manner. The course concludes by reiterating many of the teachings from both courses in order to leave you with a lasting impression of what financial statements are and how accounting may help you.

You will be able to:

• Describe the objective of an income statement after completing this course.
• Identify the elements that make up an income statement.
• Recognize and comprehend the meaning of a number of items included in an income statement.
• Describe the overall objective of financial statements and the function of accounting in their preparation.
• Read and comprehend real-world income statements to some extent.

If you appreciate this business course and want to pursue an MBA, consider enrolling at the University of Illinois' iMBA, a flexible, fully-accredited online MBA offered at an extraordinarily low cost. Please see the Resource page in this course and onlinemba.illinois.edu for more information.

This course offers:

• Flexible deadlines: Reset deadlines in accordance with your schedule
• Shareable Certificate: Earn a Certificate upon completion
• 100% online: Start instantly and learn at your own schedule
• Course 2 of 5 in the: Fundamentals of Accounting Specialization
• Beginner Level
• Approx. 12 hours to complete
• Subtitles: Arabic, French, Portuguese (European), Italian, Vietnamese, German, Russian, English, Spanish