Lesson 1: STUDIES OF THE FINANCIAL STATEMENTS
The course in Financial Tools contains the following:
- Lessons in video format with explaination of theoratical content.
- Complementary activities that will make research more about the topic , as well as put into practice what you studied in the lesson. These activities are not part of their final evaluation.
- Texts supporting explained in the video.
Financial analysis is part of management accounting. Management accounting in a type of accounting that uses managers to study financial information of a company. They analyze the information and their primary purpose is to provide ideas internally to enhance the company’s profitability strategies. All the information they analyze is given to them from financial accountants. o Management accountants do not prepare any of the daily financial work of a company. They are simply given the information and their job is to analyze and investigate the information they are given. The information they use for analyzing is company financial statements and other types of reports.