Financial Statements Analysis

Analyse financial statements in accordance with the applicable frameworks

Type

Functional

Competency Area

Financial and Transaction Management

Levels

Interpret financial statements and draw insights

Review characteristics of financial statements

Calculate key ratios from a company’s financial statements

Understand implications of key ratios from a company’s financial statements

Appreciate major components of a financial balance sheet

Validate accuracy of financial data in financial statements

Check financial statements to validate accuracy

Calculate ratios for assessing entity’s financial position

Calculate ratios for assessing entity’s profitability

Review financial statements prepared

Review the recognition, measurement, presentation and disclosure of transactions and events within the financial statements

Prepare and interpret performance and position of an organisation using financial statements

Relevant accounting standards and structure of financial statements and make changes accordingly

Evaluate the quality of financial statements

Evaluate whether financial statements have been prepared in accordance with applicable financial reporting frameworks and regulatory requirements

Evaluate the fair presentation of financial statements relative to the nature of the business, the operating environment, and the entity's ability to continue as a going concern

Evaluate the financial performance, position and adaptability based on financial statement