Financial Reporting Certification for a brighter future
For those who come across this sequence of words for the first time, financial reporting is a series of activities that allows organizations to report accurate financial statements at the end of an accounting period. In the present business climate abounding in bankruptcy news, investors and creditors have the difficult mission of identifying the companies that are profitable and worth investing in. This is why financial reporting has gained its well deserved place in nowadays’market economy.
Financial reporting is an important activity because it helps companies all over the world to present reliable and trustable accounting statements. Just as you could not play a game without knowing its rules, an in-depth knowlege of the principles of financial reporting is a prerequisite for any financial analyst or company accountant nowadays. Accounting is an industry renowned for its stability, since there are precise standards that must be followed when presenting financial information. So as long as you master the fundamentals and the principles of financial reporting you could start thinking of building a career in finance and accounting.
We should start by reviewing the objectives of financial reporting. These refer mainly to providing useful informations to existing and potential creditors and investors for making rational decisions concerning a given company. Thoroughly prepared financial statements provide the clear image on a company’s liquidity, solvability and future potential, thus enabling creditors to make comparisons between different corporations. The most important financial statements they use in the decision-making process are the balance sheet, the profit and loss statement, the statement of cash-flows and the statement of retained earnings. All four of these statements must contain relevant informations to aid present and potential investors and lenders in appreciating the financial position of a particular company and its future perspectives. Moreover, they should enable these categories to evaluate the size, the timing and the uncertainties of cash flows as well as depicting informations concerning a company’s economic resources, claims against its resources and owner’s equity. We should not draw the conclusion that financial reporting is useful only to outsiders of the company. Financial statements are equally important to managers and shareholders in the decision-making process, showing them what goes well and what goes wrong and needs improvements inside the company.
More and more countries nowadays are using the International Financial Reporting Standards formerly known as IAS, which are accounting standards adopted by the International Accounting Standards Board. Any aspiring accountant or financial analyst should take the time and become up-to-date with the most recent regulations in this field, because they are constantly being modified and improved. If you want to be acknowledged as a professional you must be able to prepare accurate and relevant financial statements and to analyze them for decision-making purposes. In your quality as an accountant or analyst you should be the most reliable person to ask whenever financial decisions ought to be made. This is because you will be in charge with recording and updating all the transactions and activities of the company and you must be sure you abide by the rules and avoid illegalities in your work.
In the light of the famous accounting scandals that occurred in recent years there has been an increasing demand for certification in the financial field. The benefits of a financial reporting certification would be many. To begin with, once you are certified you get a considerably higher starting salary. Also, a certification has become a prerequisite if you want to target higher-level jobs, such as management jobs. What is more, you will have a wider range of career perspectives: from private corporations or accounting preparation companies to the government economic sector. Furthermore, it would be an important advantage if you want to become a self-employed accountant. What is more, if you are good in your line of work, you could have the chance to work for a singular company for a large period of time, thus having the opportunity to a career advancement.
Online Financial Reporting Test
Online certifications are a great way to enhance your personal brand and increase your appreciation among fellow workers. So if you want to showcase your abilities you should try to pass a financial reporting exam and get certified. You could choose Brainmeasures.com as your trustable provider.
This company will offer you a quality financial reporting test designed to evaluate your knowledge and capabilities. Upon successfully passing it, you will be awarded the certification that will boost your resume and shape a brighter financial future for you.
Sample Hard Copy Certificate
FINANCIAL REPORTING CERTIFICATION
Other Related Tests and Certifications
- Balance Sheet
- External Financial Reporting
- Financial Statements
- General Financial Reporting
- Income Statement
- Statement of Cash Flows
- Trial Balance
multiple choice questions.
Each question has between 2 and 5 options out of which 1 or more may be correct.
Pricing and Payment Options
US payable through any of the following:
Secure online credit/debit card transaction
The fee includes the cost of the hard copy certificate of accomplishment and world-wide
All the information regarding this test has been clearly stated inside the login
account and you must read it properly before starting your test. Good luck !
If you are unable to score minimum percentage required to earn the certification
or you want to improve your percentile, you have an option of test re-take, but
for this you would have to pay test re-take fees. i.e. $5
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