How to analyse key financial statements

Knowing how to read the balance sheet, income statement and statement of cash flows, as well as being familiar with fundamental accounting principles and key indicators of solvency, enables you to determine the financial health of a corporation. 

In this 2-hour workshop, an accounting lecturer will walk you through what each statement is telling you and what to watch out for when monitoring your corporation’s financial health. 

You'll learn about

This workshop will cover topics including:

• an overview of the three key financial statements - the balance sheet, income statement and statement of cash flows
• the difference between current and non-current assets, current and non-current liabilities, and equity
• the concept of working capital and how it is a key indicator in determining solvency
• how grants are accounted for under accounting principles
• the concept of accrual accounting
• how to read, analyse and interpret the financial statements of a real Indigenous corporation 

Who should attend

• Directors and treasurers of Indigenous corporations
• Budget preparers, such as CFOs and accountants of Indigenous corporations

What you’ll receive

• Plain-language training from an Accounting Lecturer with an opportunity to ask them questions
• Copy of training materials

Format

Online

Length

2 hours

Maximum number of participants

30

Facilitator

This workshop will be presented by Mr Stephen Marsden, a Lecturer in the School of Accountancy at the Queensland University of Technology’s Business School. 

Costs

Free. ORIC covers costs of delivering the workshop.