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START: Understanding financial statements

It has long been the law in the UK that private companies, public sector organisations and charities, must prepare and publish a set of financial statements at least once a year. This is an important part of the way all such organisations are accountable for the various benefits they enjoy as a result of their legal status.


The exact details of how such financial statements are prepared (and audited by independent persons) vary between the different classes of organisation, but at their root they all prepare three statements. The first of these summarises the financial aspects of their operations over the period (usually a year); the second is a snapshot of what they owned and what they owed on the final day of the period; and the third explains how they generated cash and what they did with it. The aim of this course is to help you understand and interpret these three statements.

Unfortunately this course is temporarily unavailable. Please check back on Study at the OU in early 2023 when it will be back online


You may also like to consider START: Evaluating financial performance if you would like help to analyse published financial information and calculate information in published, audited financial statements.



Short courses - Important information

Temporary unavailability of some courses until early 2023 due to platform upgrade

13th September 2022
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