Learn Financial Statement Basics: A beginner's journey

Name: Learn Financial Statement Basics: A beginner's journey
Rating: 4.3 (329 reviews)

Begin your journey on learning how to analyse companies

Created byJas A

Last updated 7/2020

English

What you'll learn

Business
Accounting
Finance
Business Intelligence

Course content

1 section • 14 lectures • 1h 1m total length

Introduction - Outline4:38
Income Statement - Introduction3:17
Income Statement - Cost of Sales1:11
Income Statement - Gross Margin0:38
Income Statement - Operating Expenses2:04
Income Statement - Operating Income1:36
Income Statement - Taxes & Net Income2:27
Income Statement - Understanding and Interpretation4:28
Balance Sheet - All Items15:32
Balance Sheet - Understanding and Interpretation4:11
Cash Flow Statement - CFO7:10
Cash Flow Statement - CFI and CFF7:52
Cash Flow Statement - Understanding and Interpretation4:08
Course Conclusion - Final Thoughts2:21
As part of the course project, please see the instructions below.
1. Pick a company whose products you love (e.g. I really like Apple so chose to discuss its financial statements), it can be any brand whose clothes you like or whose burgers you fancy or whose cars you would love to own one day.
2. Go to their investor relations page and pick out their latest financial statements.
3. Spend some time looking and understanding their report.
4. Write a short report (around 300 words) summarising your thoughts on the company’s financials, what you think about their profitability, their size, how they are spending cash, and if you think it makes sense. Do you like them more or less after understanding their financial statements?

Requirements

Beginner

Description

Hi guys, my name is Jas. I live in London and for the past 6 years have been working at a top Investment Bank where I spend a lot of time researching and understanding companies – how they do business, what industry they operate in, what is the competitive landscape, how is the company management.

When I started, this was an area that everyone said was very difficult to understand if you are not an accountant or a financial expert.

What I have come to realize in the past few years is that while some of this is true, I believe that everyone can get a good basic understanding of these concepts without having a background in this area.

Through this course, I want to go over some of these concepts which you will hopefully see are fairly intuitive and easy to understand, and start you on this journey of becoming great analyzers!

Who this course is for:

Anyone interested in understanding how to analyse companies