Practical Financial Statement Analysis
What you'll learn
- Analyze financial statements using practical tools and examples from company filings
- Perform earnings, balance sheet and cash flow quality analyses by answering questions, detecting red flags, using common size analysis and ratio analysis
- Understand how financial statements can be tweaked to meet operating targets
- Read and interpret the 10-K
- No additional materials are needed for the course
- Have a basic understanding of the income statement, balance sheet and cash flow statement. No need to be an accounting expert.
This course covers financial statement analysis using real examples from financial statements. I developed the course from my experience doing financial statement analysis for clients in various accounting and financial consulting roles over the years.
The course is geared towards anyone interested in improving their financial statement analysis skills. Seasoned investors on Wall Street, individual investors, students, bankers and others looking for a practical way to analyze financial statements can benefit from this course.
The course teaches how to assess earnings, cash flow and balance sheet quality using practical examples. It explains how the types of questions to answer when analyzing financial statements, how to detect red flags, how to use common size size and ratio analysis to uncover hidden risks, and how to read and interpret the 10-K.
Learn what to look for when analyzing financial statement items such as revenue, inventories, income taxes, pensions, stock-based compensation, stock buybacks, reserves, among others. The course includes a list of red flags you can use in your financial statement analysis.
The course is a video format utilizing PowerPoint slides. No material is needed for the course, except writing materials if the student wishes to take notes.
This course is designed to be different from other financial statement analysis courses. While there will be some overlap, the areas I focus on in this course are based on information gleaned from actually working with investors and and other clients, and getting to understand the areas they are most concerned about. The real world experience applied to this course is what differentiates it.
Who this course is for:
- This course can help both students who want to get started in financial statement analysis and experienced analysts and investors either seeking to brush up on their accounting analytical skills or learn something new. Students should have at least a basic understanding of the three main financial statements.
- Investment professionals
- Accounting and financial analysts
- Individual investors
- Accounting, investment, finance and business students
- This course is not intended for those who want to learn the basics of accounting such as debits and credits
Jason Williams is an entrepreneur, accountant and investment professional, with two decades of experience in the public and private sector. Jason has worked in Credit Suisse's Accounting and Tax Research Group, the Public Company Accounting Oversight Board and Glass Lewis and Company, a corporate governance and forensic research firm. He has a Bachelors degree in Management Studies from the University of the West Indies, Jamaica and an MBA from the University of Connecticut. Jason is also a CPA and a Chartered Accountant, and holds Series 7, 63, 86 and 87 securities licenses.