This course takes a look at financial statements. You'll learn about the elements that comprise financial statements, when and how to use them, as well as how to interpret them to determine the financial position of your laboratory. [Included in the Lab Management Online course]
This module focused on the reporting function of accounting which deals with the creation of financial statements. The balance sheets and cash flow statement were described.
Financial statements are the core financial documents in an organisation, and provide different views on the company’s finances. This module describes the third type of financial statement, namely the income statement.