
Explore the balance sheet, showing assets, liabilities, and stockholders' equity at a single point in time, and assess solvency, liquidity, and the assets = liabilities plus equity equation.
Explore balance sheet structure by distinguishing current and non-current assets, liabilities, and stockholders' equity, with examples like cash, marketable securities, accounts receivable, inventory, property, plant and equipment net, and intangibles.
Explore revenue growth and the cagr to assess performance across 2015–2017, noting 2016 acquisitions inflated revenue and considering same-store sales for a clearer picture.
Explore the fixed charge coverage ratio, EBITDA divided by fixed charges (debt payments, income taxes, capital expenditures, lease payments), and the goal to exceed 1x, with a 100k EBITDA example.
Calculate the fixed charge coverage ratio using cash flow and income statement data, including debt payments, taxes, capex, and rent, and compare to EBITDA to assess cash flow sufficiency.
If you're in the finance or accounting world (or aspire to be), you need to know the financial statements!
A knowledge of the financial statements helps you:
Understand a company's health
Grasp the profitability and viability of products and services
Analyze the past to take action in to the future
Don't worry, you don't need any background in finance or accounting to take this course! We'll start with the basics of the three financial statements and then take a deeper dive into each one. From there, you'll learn how to analyze the financial statements using different metrics to help you dissect a company's health and profitability.
What you learn in this course will benefit you for the rest of your career!
What makes our course so awesome?
Real world application: In depth, real-world case studies using both real and fictitious companies
Fun: Light-hearted, fun, and enjoyable course (we never take ourselves too seriously)
Knowledgeable instructor: Nate is a CPA and has spent his career analyzing financial statements
No fluff: We don’t teach theory or waste your time with useless information. Everything we teach you can start applying TODAY
This course is the first part of a 3 part series on the financial statements. The next courses focus on financial modeling (Financial Modeling Bootcamp) and how to value a company or project (Company & Project Valuation). We'll use the same case study in this course for the rest of the courses to keep continuity.
Let's start learning!