TAP> Interpreting Financial Reports
Course Purpose Learners who achieve this unit standard are able to interpret an income and expenditure statement and use information in the statement to make a financial decision. What you’ll learn Learners who achieve this unit standard are able to …
Course Purpose
Learners who achieve this unit standard are able to interpret an income and expenditure statement and use information in the statement to make a financial decision.
What you’ll learn
Learners who achieve this unit standard are able to interpret an income and expenditure statement and use information in the statement to make a financial decision. The qualifying learner is capable of analysing the basic elements of an income and expenditure statement. Analysing the basic elements of a balance sheet. Compiling a personal assets and liabilities statement. Using the evidence in financial statements to make a financial decision.

Duration: 1 Day
Featured Course
Shape and motion in 2 – and 3-D space
Course Curriculum
Curriculum
- 4 Sections
- 7 Lessons
- 1 Day
- Unit 1: Analyse the basic elements of an income and expenditure statementASSESSMENT CRITERIA1
- Unit 2: Analyse the basic elements of a balance sheetASSESSMENT CRITERIA1
- Unit 3: Compile a personal assets and liabilities statementASSESSMENT CRITERIA1
- Unit 4: Use the evidence in financial statements to make a financial decisionASSESSMENT CRITERIA4
- 4.0The financial strengths and weaknesses of an entity are analysed and suggestions are made of ways to improve income and reduce costs.
- 4.1The concept of a cost to income ratio is explained and suggestions are made on how to improve the ratio.
- 4.2The relationship between turnover, income, revenue, sales/earnings and profit is explained with examples.
- 4.3The concept of cash flow is explained in terms of liquidity.
Requirements
- Grade 11
- NQF Level 3