peaksphere_academy

Understanding Financial Statements

This course is designed to help learners understand how financial statements are prepared, interpreted, and used in decision-making. It breaks down the Income Statement, Balance Sheet, and Cash Flow Statement in simple terms and demonstrates how they reflect the financial health of a business or nonprofit organization. By the end of the course, learners will be confident in reading, analyzing, and applying financial information for practical use.

What You'll Learn

Purpose and importance of financial statements
Components of the Income Statement (revenues, expenses, profit/loss)
Structure of the Balance Sheet (assets, liabilities, equity)
Basics of the Cash Flow Statement (operating, investing, financing activities)
Linkages between the three financial statements
Key ratios and indicators for financial analysis
Common accounting policies and notes to financial statements
Interpreting financial statements for decision-making

Course Curriculum

Module 1
Introduction to Financial Statements – Why they matter 2 hours
Income Statement (P&L) – Revenues, expenses, and profit measurement 3 hours
Balance Sheet – Assets, liabilities, and equity explained 4 hours
Cash Flow Statement – Cash inflows/outflows and liquidity assessment 5 hours
Module 2
Interrelationship of Financial Statements – How they connect 2 hours
Notes to Accounts and Disclosures 3 hours
Introduction to Financial Ratios & Analysis 4 hours
Practical Case Studies – Reading and interpreting real-world statements 5 hours

Who Should Enroll

  • Business and finance students
  • Entrepreneurs and small business owners
  • NGO program/project managers handling donor funds
  • Professionals in non-financial roles who want to understand financial reports
  • Anyone aiming to strengthen financial decision-making skills

Frequently Asked Questions

What are the prerequisites for this course?

Basic knowledge of Excel and fundamental accounting concepts is recommended. We provide introductory materials for those who need a refresher before the course begins.

Will I receive a certificate upon completion?

Yes, students who complete all coursework and projects will receive a Certified Financial Analyst certificate from Peaksphere Academy, recognized by our industry partners.

What Our Students Say

"Joining the Diploma in Corporate Finance gave me much more than classroom learning. The case-based approach helped me apply concepts to real business problems. During my MBA placements, I could confidently handle finance-related questions — and I credit this program for that edge"

Student
Priya Sharma

MBA Student, Delhi

"I had the basics of accounting from college, but I struggled in my first job. The Integrated Accounts Learning Program bridged that gap. With the practice sessions in Tally ERP and GST filing, I can now manage client accounts independently. My manager has already noticed the improvement."

Student
Ravi Kumar

Junior Accountant, Bengaluru