Reading and Interpreting Financial Statements—Hiv27

Topics Covered : Financial Statements

Target subcategories : Training not specific to the performance of work

Overall Objective :

Be able to read and interpret the two main financial statements of a company in the construction industry: the income statement and the balance sheet.

Specific Objectives :

• Distinguish between the concept of profitability and that of financial position;
• Understand the logic and purpose of the income statement;
• Understand the logic and purpose of the balance sheet;
• Read the income statement to get an accurate picture of a construction company’s profitability;
• Read the financial statements to get an accurate picture of a construction company's financial situation.

Contents :

Participants become familiar with accounting terminology and develop their ability to read and interpret their own financial statements.

Balance Sheet: Current Assets, Noncurrent Assets, Current Liabilities, Noncurrent Liabilities, Equity (depending on the legal form);

Income Statement: Operating Revenue, Cost of Contracts (materials, direct labor, and overhead), Operating Expenses (cost of sales and administrative expenses), Other Revenue, Other Expenses, and Extraordinary Items.

Format: Virtual