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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.
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|Section 1: About the course|
Course outline and goals
|Section 2: Introduction to accounting|
Balance sheet formula (Assets = Liabilities + Equity)
Accounts and trial balance
Case study: Preparation of financial statements
More on preparation of financial statements
Introduction to accounting
|Section 3: Balance sheet|
Introduction to balance sheet
Weighted average cost of capital
Book value versus market value
|Section 4: Income statement|
Overview of income statement
A word on tax on profits
Common-size and horizontal analysis
|Section 5: Cash flows statement|
Introduction to cash flows
Cash flows compared to income statement
Direct versus indirect method for preparing operating cash flows
Direct versus indirect method - case study
Cash flows from operating activities
Importance of operating cash flows
Cash flows from investing activities
Cash flows from financing activities
Reconciliation with cash and cash equivalents in the balance sheet
The benefits of the cash flows statement
Cash flows and the financial health of a company
Relationship between the three lines of cash flows
Introduction to free cash flows
Computation of free cash flows
The drawbacks of the cash flows statement
Cash flows statement
|Section 6: Financial ratios|
Introduction to financial ratios analysis
Types of financial ratios
Relative comparison of ratios
Quality of income ratios
Working capital ratios
Leverage (debt) ratios
Cash flows ratios
|Section 7: Other financial matters|
Currency translation of financial statements
Mergers and acquisitions
Summary of valuation techniques
Other financial matters
|Section 8: Case study - Preparing cash flows|
Preparing operating cash flows
Preparing investing cash flows
Preparing financing cash flows
Complete cash flows picture
Cash flows bridge chart
Case Study - Preparation of cash flows
Thank you note
Hi! My name is Gabriel Dragne. I’m 32 years old and I’m from Bucharest, Romania.
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. It’s only recently that I shifted my career to financial reporting area. 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!