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30-Day Money-Back Guarantee

This course includes:

  • 2 hours on-demand video
  • 2 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
Finance & Accounting Financial Modeling & Analysis Financial Statement

Interpreting financial statements

Achieve proficiency in interpreting the financial statements of a company. Learn how to prepare financial ratios.
Rating: 3.8 out of 53.8 (493 ratings)
10,071 students
Created by Gabriel Dragne
Last updated 9/2016
English
English [Auto]
30-Day Money-Back Guarantee

What you'll learn

  • Interpret financial statements - balance sheet, income statement, cash flows statement
  • Prepare cash flows statement for any given company
  • Prepare and interpret 25 world-wide known financial ratios
  • Evaluate the financial health of a company
  • Get acquainted with "must know" finance matters - valuation, mergers and acquisitions, etc

Requirements

  • Basic finance jargon is expected
  • Basic mathematical skills
  • Already familiar with Microsoft Excel

Description

This new course starts from the grounds of financial statements and show how they are obtained in the first place. Then it expands on the three main financial statements: balance sheet, income statement and cash flows, by showing their advantages and disadvantages, what they tell and what they hide from the viewer, how they differ from each other and how they are linked. We will focus a lot on the cash implications of financial statements, and by the end of this course we will be able to use cash flows to evaluate the health of a company and we will be able to understand, prepare and analyze “most wanted” financial ratios. Moreover, we will grasp what you need to know on adjacent subjects like weighted average cost of capital, valuation methods, mergers and acquisitions, currency translation and others. Every topic is presented from an industry best practice perspective and is accompanied by a final quiz to test your progress. Besides using small study cases that illustrate particular areas, we will be accompanied throughout the course by a four year period financial data of a study company, for which we will recreate and interpret together the cash flow statements and ratios for three years. It shall be optional, however advisable, that you will continue our endeavor and derive the cash flows statement and ratios, together with their interpretation, for the last year of the analysis. No worries, I will provide permanent assistance should you need additional help to finalize the homework.

If you’re a finance student, an entrepreneur or a finance professional willing to expand on financial statements knowledge, this course if for you, as you will find a lot of new or untold information, perfectly structured and covering all hot topics. If you’re rather new to finance matters, this course if perfect to build a solid knowledge, however you should be at least familiarized with the finance jargon. However, even if you did not experienced financial statements before, the course content does not leave you with missing pieces for the financial statements puzzle. Basic mathematical skills are a prerequisite and you will also need access to a computer with installed Microsoft Excel and basic Excel skills to finalize the analysis.

This course consists of videos lectures and shall require more than three hours of your time, with estimations for the homework analysis to account for another three hours.

I am assured that after taking this course, you will be confident in analyzing financial statements and be able anytime to prepare and interpret the cash flow statement and the financial status for any given company.

Let’s get started!

Who this course is for:

  • Best suited for beginners and experienced individuals with an interest and minimal knowledge in finance

Course content

8 sections • 54 lectures • 2h 5m total length

  • Preview01:13

  • Preview01:26
  • Balance sheet formula (Assets = Liabilities + Equity)
    00:44
  • Accounts and trial balance
    03:03
  • Case study: Preparation of financial statements
    04:52
  • Preview02:12
  • Introduction to accounting
    16 questions

  • Introduction to balance sheet
    03:12
  • Assets
    06:48
  • Liabilities
    03:41
  • Equity
    03:56
  • Weighted average cost of capital
    02:44
  • Book value versus market value
    01:32
  • Balance sheet
    25 questions

  • Overview of income statement
    05:20
  • Segment reporting
    01:18
  • A word on tax on profits
    01:31
  • Adjusted EBITDA
    00:37
  • Common-size and horizontal analysis
    01:02
  • Income statement
    12 questions

  • Preview01:17
  • Cash flows compared to income statement
    02:31
  • Direct versus indirect method for preparing operating cash flows
    01:58
  • Direct versus indirect method - case study
    02:40
  • Cash flows from operating activities
    02:27
  • Importance of operating cash flows
    01:50
  • Cash flows from investing activities
    01:01
  • Cash flows from financing activities
    01:10
  • Reconciliation with cash and cash equivalents in the balance sheet
    01:13
  • The benefits of the cash flows statement
    01:35
  • Cash flows and the financial health of a company
    01:27
  • Relationship between the three lines of cash flows
    01:56
  • Introduction to free cash flows
    01:16
  • Computation of free cash flows
    01:46
  • The drawbacks of the cash flows statement
    02:24
  • Cash flows statement
    21 questions

  • Introduction to financial ratios analysis
    02:09
  • Types of financial ratios
    02:41
  • Relative comparison of ratios
    02:41
  • Quality of income ratios
    02:31
  • Liquidity ratios
    03:06
  • Working capital ratios
    05:29
  • Preview02:33
  • Turnover ratios
    01:49
  • Profitability ratios
    03:07
  • Return ratios
    01:22
  • Leverage (debt) ratios
    05:03
  • Cash flows ratios
    02:46
  • Financial ratios
    17 questions

  • Preview01:41
  • Mergers and acquisitions
    01:26
  • Summary of valuation techniques
    02:25
  • Other financial matters
    3 questions

  • Preparing operating cash flows
    04:45
  • Preparing investing cash flows
    03:34
  • Preparing financing cash flows
    01:21
  • Complete cash flows picture
    01:40
  • Cash flows bridge chart
    01:03
  • Homework
    00:38
  • Case Study - Preparation of cash flows
    6 questions
  • Thank you note
    00:05

Instructor

Gabriel Dragne
Associate Chartered Banker|Consultant|Financial Reporting
Gabriel Dragne
  • 3.8 Instructor Rating
  • 493 Reviews
  • 10,071 Students
  • 1 Course

Hi! My name is Gabriel Dragne.

I'm a Finance graduate and since 2015, I am an Associate Chartered Banker with the Chartered Institute of Bankers in Scotland and a member of Mensa International. I'm also holding Advanced Diplomas in Financial Management and International Financial Reporting with the Association of Chartered Certified Accountants (ACCA).

Since 2006, I have been working for two international management consulting firms, BDO and PricewaterhouseCoopers in Bucharest. It’s recently that I moved to financial reporting area in Luxembourg. By now, I’ve taken part in more than 100 projects involving mergers and acquisitions, business planning, valuation and management consulting.

I helped many of my friends to successfully pass their ACCA exams by providing them a simple approach to understand examined subjects. They encouraged me to expand my teaching to the world, so here I am :) With a great passion for corporate finance and helping people in their studies, and given my accumulated work knowledge, I will focus on delivering clear, concise and innovative experienced-driven financial studies that will offer students a fast-track but thorough path to expanding their skills.

Above and beyond finance matters, I will happily share thoughts on running, board games, innovative design or any spiritual ideas.

Let's get started!



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