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Financial Statements: Introduction, Preparation, & Analysis
Highest Rated
Rating: 4.6 out of 5(375 ratings)
27,117 students

What you'll learn

  • Financial Analysis
  • Capital Gain and Dividend concepts
  • Financial Statements
  • Profitability Ratios
  • Liquidity Ratios
  • Effeciency Ratios

Course content

7 sections70 lectures4h 25m total length
  • What are Financial Statements4:52
  • Profit and Loss Statement - Introduction2:28
  • Classifying Income6:31
  • Classifying Expenses5:00
  • Profit and Loss Statement - detailed5:35
  • Trading and non-trade classification2:48
  • Profit and Loss Statement - complete2:02
  • Understanding Net Wealth1:38
  • Balance Sheet - Introduction4:42
  • Assets, Liabilities, and Equity7:05
  • Balance Sheet - complete1:52
  • Understanding Equity2:26

    Understand equity as the owner's money in business and learn to calculate it from initial and additional investments, minus withdrawals, plus profits, minus dividends, and losses, with organization registration variations.

  • Understanding Equity part 210:42
  • Statement of Changes in Equity3:01
  • Note for students0:10
  • Preparing Financial Statements13:42
  • Preparing Financial Statements 211:18
  • Homework - Preparing Financial Statements 30:37

    Prepare the profit and loss statement, balance sheet from the December 2021 trial balance, and optional statement of changes in equity, then verify your results with the tutorial video.

  • Homework answers6:49
  • Depreciation2:48
  • Understanding Accounting5:45
  • Amortization0:41
  • Understanding Cash and Cash Flow5:24
  • Cash Flow Statement - further explained3:18
  • Note for students0:15

Requirements

  • No prerequisite at all - Even a 12 years old can start this course

Description

Being able to read and understand financial statements is a core skill for anyone involved in business, accounting, finance, or investing. However, for beginners, financial statements often feel confusing because they rely heavily on accounting concepts that are rarely explained properly.

This course is designed to solve that problem.

This course starts from the absolute fundamentals. Every important accounting concept—such as revenue, expenses, assets, liabilities, equity, accruals, and depreciation—is explained clearly and simply, before being applied to real financial statements.

You will learn how financial statements are structured, why numbers appear the way they do, and how to interpret them logically. Only after building this foundation do we move into basic financial statement analysis and ratios, so you understand not just how to calculate numbers, but what they actually mean.

No prior background in accounting or finance is required. The course assumes zero knowledge and explains everything step by step, using plain language and practical examples.

By the end of this course, you will be able to:

  • Read and understand the Income Statement, Balance Sheet, and Cash Flow Statement

  • Grasp the core accounting concepts behind financial statements

  • Understand how accounting decisions affect reported profits and financial position

  • Perform basic financial statement analysis and ratio interpretation

  • Compare companies on a like-for-like basis with confidence

Who This Course Is For

  • Accounting and finance students

  • Business and management students

  • Aspiring accountants and bookkeepers

  • Professionals who work with financial reports

  • Entrepreneurs and business owners

  • Investors and startup founders

  • Anyone who wants to understand financial statements from scratch


Who this course is for:

  • Investors
  • Business owners
  • Non-finance Professionals
  • Accountants
  • Bookkeepers
  • Aspiring Financial Analysts
  • Aspiring Finance Managers