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Overview: Financial statements are the reports or statements that provide the detail of the entity’s financial information, including assets, liabilities, equities, incomes and expenses, shareholders’ contribution, cash flow, and other related information during the period of time. The objective of financial modeling is to combine accounting, finance, and business metrics to create an abstract representation of a company in Excel, forecasted into the future.This guide to financial modeling for beginners and “dummies” … Financial Accounting i About the Tutorial This tutorial will help you understand the basics of financial accounting and its associated terminologies. Accounting Basics For Beginners Dr. P. Sreelakshmi ACCOUNTING BASICS FOR BEGINNERS Module 1: Nature of Financial Accounting Learning Outcome At the end of the module you would have an understanding of: a. Financial accounting is the process of recording, summarizing and reporting the myriad of a company's transactions to provide an accurate picture of its financial position. Financial modeling is one of the most highly valued, but thinly understood, skills in financial analysis. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. Feb. 5, 2007 The Basics. So, an excellent way to learn accounting for beginners is to understand the basics of accounting. By knowing well about financial accounting questions and answers multiple choice you can win many challenges, solve many problems, and win many competitions. By Matthew Martin. Training Summary. This financial metric shows how much a company earns from its operating activities, per … If you can read a nutrition label or a baseball box score, you can learn to read basic financial statements. 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