
The Understanding Financial Statement Certification course at Hayford Integrated Training Institute is designed to build a strong foundation in reading, interpreting, and analyzing financial statements. Participants will learn how the Balance Sheet, Income Statement, and Cash Flow Statement work individually and together to reflect a company’s financial position and performance.
The program also covers key financial ratios, cash flow analysis, and practical techniques for identifying strengths, weaknesses, and potential red flags in financial reports. Through hands-on exercises and case-based discussions, learners will gain the confidence to evaluate financial information and support sound business or investment decisions.
Understand why companies prepare financial statements.
Identify who uses them (investors, lenders, regulators, management) and for what purposes.
Recognize the limitations of financial statements.
Differentiate between assets, liabilities, and equity.
Understand current vs. non-current classification.
Assess a company’s financial position and stability.
Distinguish between revenues, expenses, and different profit levels (gross, operating, net).
Understand the accrual principle and its impact on reported profits.
Evaluate a company’s operating performance
Differentiate cash flows from operating, investing, and financing activities.
Understand why profit is not equal to cash.
Assess the importance of free cash flow for business health.
Trace how net income flows into equity and cash flow.
Recognize how working capital changes affect all three statements.
Calculate simple liquidity, profitability, and solvency ratios.
Use ratios to form a preliminary view of company health.
Avoid common mistakes in ratio interpretation.
Read and interpret a real or sample company’s financials.
Identify strengths, weaknesses, and trends.
Discuss insights as part of a group case study.
Identify early signs of financial stress (e.g., declining margins, rising debt).
Understand how accounting choices can distort reality.
Learn lessons from real-world financial collapses.
Purpose and importance of financial statements
Who uses financial statements and why (investors, lenders, management, regulators)
Limitations of financial statements
Structure: assets, liabilities, and equity
Current vs. non-current classification
What the balance sheet reveals about a company’s financial health
Revenues, expenses, and profit types (gross, operating, net)
Accrual concept vs. cash-based income
Understanding operating performance vs. one-off items
Cash from operating, investing, and financing activities
Difference between profit and cash flow
Free cash flow and its importance
How net income flows into equity and cash flow
Impact of working capital changes on all statements
Simple illustration of integrated financials
Liquidity ratios (current ratio, quick ratio)
Profitability ratios (net margin, ROE)
Solvency ratios (debt-equity, interest coverage)
Caution: interpreting ratios in context
Reading and interpreting a sample company’s financial statements
Identifying strengths and weaknesses
Group discussion: what the numbers tell us
Signs of financial stress (declining cash flows, rising debt, shrinking margins)
Accounting adjustments that can distort results
Lessons from past corporate failures
Face to Face & Online
Business Bay
Hayford Integrated Training Institute is one of the prestigious training institutes in the region and has a global presence. Hayford serves the professional and student community in the region and globally through its best-in-class training and development programmes.
Hayford led by an eminent team of experts with a cumulative experience of 300+ years of professional experience in varied industries and professional domains now offers a conducive environment for the students to develop their knowledge,
learn from the masters and practice what they have learned.
We offer three modes of training:
Online: Live interactive sessions with instructors.
Offline: Client-based or one-to-one sessions at our institute.
Pre-recorded: On-demand training videos for flexible learning.
Payments can be made via:
Bank transfer,
Online payment through a provided link (service fees may apply),
Installment plans are also available.
Yes, all training programs include soft copy study materials.
Hayford’s certificates are provided free of charge. However, for KHDA and other professional certifications, additional fees may apply.
Depending on the course, there may be a post-assessment evaluation to complete the program.
We provide mock tests and past paper revisions to help students prepare for the final exam.