
Explore financial, management, and tax accounting, and learn how financial statements guide investors, directors, and banks. Understand gaps, IFRS, US GAAP, and how universal principles enable cross-company comparison.
Record small business transactions in financial ledgers, apply the accrual principle and the accounting equation of assets equal to debt plus equity, and prepare your first financial statements.
Explore selling, modernization, and revaluation of fixed assets, impairment testing under IFRS and US GAAP, and the impacts on depreciation, revaluation reserves, and the P&L.
Learn how the cash flow statement reveals how money moves through a company, its three sections (operating, investing, financing), direct and indirect formats, and how to analyze cash flows.
Learn to prepare cash flow statements using indirect and direct methods by translating the balance sheet and P&L into cash flows, detailing operating, investing, and financing activities.
Explore the components of equity, including shares, retained earnings, and reserves, and learn how common and preferred shares, treasury stock, and stock buybacks affect a company's financial statements.
Learn the basics of financial statements analysis, including profitability, margins, and debt management, and apply EBITDA, market value, and enterprise value concepts with comparables.
Analyze a company's debt position from a lender's view by evaluating liquidity, solvency, and ratios such as quick ratios. Consider liquidation analysis, seniority of debt, and covenants before buying bonds.
Explore how working capital management uses accounts receivable, inventory, and accounts payable to compute the cash cycle with receivable, inventory, and payable days across Carrefour, Target, and Walmart.
Analyze new economy firms like Udemy and Coursera by balancing profitability and growth, using forward-looking nonfinancial metrics and financial models to test sustainability and cost control.
Course description
Working knowledge accounting and financial statements analysis is one of the most fundamental skills in business education. And this course is designed to give the most practical knowledge of financial accounting and financial statements analysis possible.
This course is made by a practitioner with 30 years of experience in accounting (Big 4) and corporate finance (Head of M&A and investments, Chief Financial Officer). I also published a number of books on the topics of accounting, financial statements analysis and corporate finance which sold more than 100 000 copies in total.
Having an MBA from a top business school myself (MIT Sloan School of Management) I designed the course to be on the highest level of education on the topic of accounting and financial statements analysis. The course is modelled after the fundamental accounting and financial statement analysis courses in top b-schools, but with some additional materials and modifications based on my practical experience.
To give you the highest level of education possible the course includes a number of Harvard Business School cases that are taught in the leading MBA programs around the world.
While other accounting courses concentrate on theoretical artificial examples, this course is based completely on practical applications. For every topic you will see how theoretical concepts are applied in real-life financial statements. You will see examples of dozens of companies from all over the world.
If you want to become…
· a Financial Analyst
· an Accountant
· an Auditor
· a Business Analyst
· a Financial Controller
· a Financial Manager
· a CFO
· a CEO
· an Investment Banker
· an Equity Research Analyst
· an Investor
· an Entrepreneur
· Someone who is involved with a business and would like to be successful
Then this course is for you. Explore the free lectures and enroll!