Financial Reporting(FR)
What is financial reporting?
Financial reporting is the process of documenting and communicating financial activities and performance over specific time periods, typically on a quarterly or yearly basis. Companies use financial reports to organize accounting data and report on current financial status. Financial reports are also essential in the projections of future profitability, industry position and growth, and many financial reports are available for public review. There are several primary statements to use when reporting financial data, and the information you include in these documents fulfills several key objectives of financial reporting:
Tracking cash flow
Evaluating assets and liabilities
Analyzing shareholder equity
Measuring profitability
Importance of financial reporting
Financial reporting is a critical practice that’s important because it:
- Monitors income and expenses
- Ensures compliance
- Supports financial analysis and decision-making
How to attend?
- Log on to our lms.soeglobal.com portal.
- Select your course.
- Watch our chapter wise recorded sessions.
- On completion of each chapter, refer to your study material by Kaplan / BPP Publishers.
- Solve revision questions and practice questions at the end of each chapter,
- In addition, it is mandatory to complete the Mock Tests, Course Tests, Progress Tests & other timely tests uploaded in our portal.
