Course 1 – Introduction to Financial Statements
The introduction to financial statements course is comprised of 8 videos that cover why financial statements are important, what financial statements are, and fundamentally how financial statements provide information that addresses how well companies have performed on the key factors of business success. Also included is the coverage of the environment in which financial statements are prepared and used as well as the concept of corporate governance.
Course 1 Learning Objectives
- Describe why financial statements are important and how they are used
- Describe the four financial statements and explain how they differ.
- List the 5 basic questions, in order, that cover the concepts measured by the financial statements.
- Use actual dollar values from actual financial statements to answer the 5 basic questions.
- Describe the economic forces that influence the preparation, use, and analysis of the financial statements.
- Define the concept of corporate governance and how it relates to the financial statements.
- Describe the key areas of running a business and how they relate to how capital flows through the business.
- Link the key areas of running a business and their results to the financial statements.
Course Components
- PRATTedu Resources
- PRATTedu Program Structure
- Videos 1 – 8, each followed by knowledge check (KC) questions
- Assessment Quiz (must score 70%)
CPE Requirements
- The assessment Quiz must be completed satisfactorily no later than one year after enrollment, at which time your access to the website will expire.
- A 70% minimum score on Assessment Quiz is required for satisfactory completion and to receive a certificate.
Course Navigation
Main Course Page Navigation (Current Page)
The main course page for each course consists of 6 sections: (1) Course description; (2) Learning objectives; (3) Course components; (4) CPE requirements; (5) Course navigation; and (6) the master course navigator, which allows you to quickly jump to the various lessons that make up the course. The course structure and resources, the course videos, and the final assessment quiz.
Master Course Navigation
Simply complete the lessons in order. At the bottom of each lesson, are two buttons: Previous Lesson or Next Lesson. We also include excerpts in the buttons so you can quickly identify the content in each direction. You can always go back to the beginning of the course (course intro page) by clicking the “back to Course 1 – Introduction to Financial Statements link. Note: At the bottom of each completed lesson (right above the previous/next buttons) it will state “Complete Lesson” make sure you click it before moving on.
MAKE SURE YOU GET YOUR CERTIFICATE! Please read below:
You must mark each page of our courses as complete for our system to register for completion of a course and generate a certificate. The Structure and Resources section is typically missed by many users, simply scroll to the bottom of each page and click the blue “Mark Complete” button and enjoy your course!
Course Information
Course Instructor
Basic Enrollment
Scoring at least 70% on the assessment quiz after completion of this course earns a Certificate of Completion worth 3 hours of continuing professional education (CPE) credits.