Financial Report Reading Defined
Financial report reading can be referred to as the process of accurately reading the financial reports of an organization without experiencing any difficulty understanding each of its vital elements and components. Financial reports and statements can be a bit hard to fathom especially for those who are still beginners in the financial industry. There are accounts and amounts that are very confusing so you need to really improve your skills in this area if you want to become a part of the financial and accounting department of a business organization. Among the annual financial reports and statements that you should master are balance sheet, income statement, statement of cash flows and statement of changes in owner’s or shareholder’s equity.
In the field of financial report reading, it is important for you to note that most annual financial reports are divided into three major sections. These include the executive letter, the financial review and the business review. The executive letter section is capable of delivering a more comprehensive overview of the financial and business performance of a company. The business review section works in summarizing the most recent trends, developments and goals and objectives of the company. The financial review section works in measuring the performance of a business based on money. The financial review section is what is greatly tackled in financial report reading since it covers the basics of understanding all the elements presented in financial reports and statements. This section is actually divided in two major parts: the audited financial statements and the discussion and analysis part.
Brainmeasures Financial Report Reading Certification Program
If you want to become an expert in financial report reading, then be aware that successfully completing a financial report reading certification course allows you to reach your aim in this field. You can expect to generate more benefits from enrolling in a financial report reading course especially if you choose Brainmeasures because this online certification company has already proven its effectiveness in providing the most comprehensive and informative online certification programs and courses to the public. By choosing to enroll in this certification course offered by Brainmeasures, you will no longer find it hard to access its highly impressive financial report reading training which explains in full detail all the components and elements of financial reports and the most basic steps and procedures that you need to follow in understanding all the figures stated in the reports. You can expect this financial report reading certification course to help you in interpreting the numbers in the reports, the rows and columns and the most vital concepts presented in them. Considering the comprehensiveness of this certification course, you will never find it difficult to perform the financial report reading process after you receive your certificate.
Highlights of the Financial Report Reading Certification Program from Brainmeasures
The financial report reading certification program offered by Brainmeasures covers a wide range of topics so coming out as an expert after successfully completing it will never become impossible. By successfully completing this financial report reading certification course, the following topics and subject areas will become easier for you to understand:
- Basics of financial reporting
- Opening up the piles of financial reports
- How to identify different types of businesses and the tax rules associated to their operations?
- Company structure and its contributions to the company’s books of accounts
- Basics of accounting
- How to explore the anatomy of annual reports?
- Creating a balance sheet by accurately balancing the company’s assets against its liabilities and equity
- Reading all the elements and components of an income statement
- Interpreting the terms, accounts and figures presented in the notes to financial statements and consolidated financial statements
- Scrutinizing the market value and business profits
- Assessing the liquidity of a business organization
- How to take advantage of financial reports especially in the field of establishing budgets?
- Effectively scrutinizing the inflow and outflow of cash
Beneficiaries of the Financial Report Reading Certification Program
Enrolling in the financial report reading certification program offered by Brainmeasures is useful for different types of individuals and professionals who are working in various departments and industries. You can expect this certification course to work perfectly for executives in the sales, marketing, operations, engineering, manufacturing and human resources departments of an organization, small business owners, consultants and any other professionals who wish to get to know more about all the details presented in a financial report and effectively perform the financial analysis process.
Job Opportunities after Completing a Financial Report Reading Certification Course
Deciding to get a financial report reading certification is also a major help in your attempt to access numerous job opportunities. As a financial report reading certification holder, the following jobs will become more suitable for you:
- Financial Accountant
- Financial Account Analyst
- Financial Reporting Consultant
- Financial Advisor
- Financial Executive
Expected Salary for Financial Report Reading Certification Holders
Generating a higher level of income is greatly possible after you successfully complete a financial report reading certification course. You can use your financial report reading certification to work as a financial account analyst which is a huge help in earning around $69,000 to $92,000 per year. You may also get the position of a financial reporting consultant which increases your chances of earning within the range of $73,000 to $105,000 annually.