Expand/collapse block Reading and Interpreting Financial Statements

Reading and Interpreting Financial Statements

CUSOURCE / 2. eLearning Course Catalogue / 2.4 Product Knowledge

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Financial statements provide an official record of a business, entity, or person’s financial activities. There are standards for the way financial statements must be written and by design, they are systematically laid out. Despite this fact, many people find them difficult to understand and interpret. Financial statements can provide more information than the current financial position.

In this 60-minute interactive eLearning module, the learner will become familiar with the three types of businesses that may present financial statements to the credit union. Next, the module explores the different types of financial statements and outlines the features of each. The lessons continue as we apply the knowledge to a credit union’s financial statements and how the FSR’s activities impact the organization’s assets and liabilities. The final section of the module helps learners understand what to evaluate from financial statements when members apply...

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