Financial Reporting
Financial Reporting, Financial markets, Financial institutions, Financial services and financial management
Luwa Royal Institute Of Applied Arts & Commerce
Language - English
Updated on Apr, 2025
Finance and Accounting,Financial Modeling and Analysis,Chartered Financial Analyst(CFA)
About the Book
Book description
Course Title: Financial Reporting
This course provides a comprehensive introduction to the principles and practices of financial reporting. It focuses on how businesses prepare and present financial statements in accordance with generally accepted accounting principles (GAAP) or international financial reporting standards (IFRS), depending on the jurisdiction.
Students will learn to understand and analyze the key components of financial statements, including the balance sheet, income statement, statement of cash flows, and statement of changes in equity. The course also covers the conceptual framework of accounting, the role of financial reporting in decision-making, and the ethical responsibilities of accountants.
By the end of the course, students will be able to:
By the end of this course, students will be able to:
This course provides a comprehensive introduction to the principles and practices of financial reporting. It focuses on how businesses prepare and present financial statements in accordance with generally accepted accounting principles (GAAP) or international financial reporting standards (IFRS), depending on the jurisdiction.
Students will learn to understand and analyze the key components of financial statements, including the balance sheet, income statement, statement of cash flows, and statement of changes in equity. The course also covers the conceptual framework of accounting, the role of financial reporting in decision-making, and the ethical responsibilities of accountants.
By the end of the course, students will be able to:
- Prepare basic financial statements.
- Interpret and analyze financial reports for business performance.
- Understand the regulatory environment of financial reporting.
- Apply accounting standards to practical business scenarios.
Goals
Course Goals:By the end of this course, students will be able to:
- Understand the Purpose and Framework of Financial Reporting
- Explain the role of financial reporting in business and investment decision-making.
- Describe the conceptual framework that underpins financial reporting standards.
- Prepare Basic Financial Statements
- Accurately prepare the balance sheet, income statement, cash flow statement, and statement of changes in equity.
- Apply Relevant Accounting Standards
- Use applicable GAAP or IFRS guidelines to record and report common business transactions.
- Analyze and Interpret Financial Statements
- Evaluate a company’s financial health and performance using ratio analysis and other financial tools.
- Develop Ethical and Professional Judgment
- Recognize ethical issues in financial reporting and understand the importance of transparency, accuracy, and integrity in financial communication.
- Communicate Financial Information Effectively
- Present financial information clearly to both accounting professionals and non-specialist users.
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Author Details
Luwa Royal Institute
Luwa Royal Institute of Applied Arts and Commerce
Type: Online Global University
Tagline: Affordable. Flexible. Empowering.
Overview:
Luwa Royal Institute of Applied Arts and Commerce is a forward-thinking online global university committed to providing accessible, high-quality tertiary education to learners around the world. With a strong focus on affordability and flexibility, Luwa Royal offers 100% scholarship-based programs in a wide range of disciplines, empowering students to pursue their academic and professional goals without the burden of tuition fees.
Our Mission:
To make higher education accessible to all by offering fully-funded, flexible online programs that equip students with practical skills and global knowledge.
Our Vision:
To become a leading global institution in applied arts, commerce, and beyond—building futures and transforming lives through inclusive education.
What We Offer:
Ambitious learners, working professionals, and underserved communities seeking affordable and flexible pathways to higher education.
Core Values:
Type: Online Global University
Tagline: Affordable. Flexible. Empowering.
Overview:
Luwa Royal Institute of Applied Arts and Commerce is a forward-thinking online global university committed to providing accessible, high-quality tertiary education to learners around the world. With a strong focus on affordability and flexibility, Luwa Royal offers 100% scholarship-based programs in a wide range of disciplines, empowering students to pursue their academic and professional goals without the burden of tuition fees.
Our Mission:
To make higher education accessible to all by offering fully-funded, flexible online programs that equip students with practical skills and global knowledge.
Our Vision:
To become a leading global institution in applied arts, commerce, and beyond—building futures and transforming lives through inclusive education.
What We Offer:
- 100% scholarship for all students
- Fully online, self-paced learning
- A variety of programs in applied arts, commerce, business, technology, and more
- Practical, industry-relevant curriculum
- Global faculty and peer network
- Certificates and degrees recognized for academic and career advancement
- Affordability: Zero tuition fees with full scholarships
- Flexibility: Study anytime, anywhere, at your own pace
- Accessibility: Open to learners worldwide, regardless of background
- Support: Dedicated academic and career support teams
Ambitious learners, working professionals, and underserved communities seeking affordable and flexible pathways to higher education.
Core Values:
- Inclusion
- Innovation
- Excellence
- Empowerment
- Integrity
Our students work
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