Understanding Financial Statements

Understanding Financial Statements offers a detailed analysis and explanation of the three major financial statements...
· The Balance Sheet
· The Income Statement
· Statement of Cash Flows

After completing Understanding Financial Statements, you will also understand...
· The Magic of Accounting
· The Window of Enterprise
· Basic Accounting Principles
· The Accounting Equation
· Business Cycles
· Inventory Valuation
and much more...

What else is UFS?
UFS is your personal finance and accounting dictionary. It is permanently and instantly available for topical review. From "accelerated depreciation" to "working capital" the definition of more than 150 financial and accounting terms are at your finger tips. But that’s not all. Associated with each term are entry points into the course material. With a single keystroke the student is directed to the appropriate position in the course. We call these entry points knowledge nodes.

Who needs UFS?
You and your company need UFS — if you’re an executive or manager, employee or owner, investor or broker, professional or merchant, speculator or farmer, banker or builder. If you’re serious about succeeding financially, understanding financial statements is not an option — it’s a necessary component in your plan for company growth and personal advancement. Make High Q´s accounting tutorials part of your accounting training program.

What will UFS do for me?
By mastering the fundamentals of financial statements, you will...
· Increase your value
· Increase your business literacy
· Boost self-confidence and strengthen leadership potential
· Improve performance at meetings and presentations
· Get that promotion or raise
· Increase sales
· Grow your business
· Increase profits
· Manage investments wisely

Lesson 1 The window of enterprise