Introduction to Accounting - Analyzing Financial Statements
4.7 (15 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
36 students enrolled
Wishlisted Wishlist

Please confirm that you want to add Introduction to Accounting - Analyzing Financial Statements to your Wishlist.

Add to Wishlist

Introduction to Accounting - Analyzing Financial Statements

Master ratio analysis and be able to dissect, analyze and interpret financial statements like a pro in under 60 mins!
4.7 (15 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
36 students enrolled
Last updated 12/2016
English
Price: $60
30-Day Money-Back Guarantee
Includes:
  • 1 hour on-demand video
  • 3 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Apply principles of ratio analysis to compare & analyze financial statements
  • Assess a company’ liquidity position
  • Develop an appreciation for the major metrics that shareholders’ pay attention to
  • Assess a company’s capital structure and gearing position
  • Get a sense of the company’s profit generating capacity
  • Understand turnover ratios and working capital cycle
  • Navigate through annual reports and identify relevant information with ease
View Curriculum
Requirements
  • Basic working knowledge of financial statements would be helpful (though not essential)
  • Should have ready access to a laptop or PC
  • High speed internet connection
  • Working knowledge of Microsoft Excel
Description

Understanding Accounting and being able to dissect, analyze and interpret Financial Statements is a fundamental skill set for anyone who aspires for a career in main stream FinanceBusiness and Management.

  • Can you comment on the company’s short term liquidity position?
  • What can you tell me about the company’s financial health?
  • Will this business be able to service its debt?
  • What are the main drivers of ROE?
  • Here is a balance sheet. Can you point out red flags?
  • Can you comment on this company's profitability?

These are just some of the frequently asked interview questions and highlight key concepts that all aspiring professionals need to have a good feel for. So why should you invest your time to pick up these core skills related to Accounting & Financial Statements AnalysisThe most compelling reasons are…

  • Without them it is very difficult to build a career in high growth areas of Investment BankingPrivate EquityInvestment Management & Equity Research
  • Forget mainstream finance, it is difficult to have a career in any stream of business or management
  • Accounting & Financial Statements Analysis is a very stablesolid & secure skill set to have
  • Your career progression is highly likely to look like a hockey stick with these skills
  • You can only move higher up the value chain and learn financial modelling and company valuation techniques used by Wall Street and sophisticated investors, if you understand these concepts

Of course you are very busy, but to gain these skills it is important to carve out some time to fill the knowledge gaps. And when you do, be sure to invest it in SIB’s Introduction to Accounting: Analyzing Financial Statements module.

  • It’s the newest course on Udemy!
  • We start by covering the basics and lay a strong foundation
  • Then will build on this foundation, to give you skills that will serve you well in your professional journey

So why should you invest in our course v/s what’s out there?

Professional HD production: All our content is professionally produced to enhance your learning experience

Practical skills: Since inception, SIB has been a pioneer in the provision of practical skills. Our aim is to deliver quality content that is easily digestible and actionable, as opposed to laying out the longest course for the sake of it    

Relevance: Think of a top tier Investment Banking firm in any part of the world and our alumni are working there! This is possible only because our content hits the nail on the head. Through this module, you have access to that same high quality content

Perfect blend : This module strikes the perfect blend between theory and practice. We have intentionally chosen NIKE that reports as per US GAAP and ADIDAS which reports as per IFRS, so that you get a feel for how to navigate through annual reports prepared as per two major reporting standards.  

Support: If you are not sure about a certain topic or have questions simply post a comment and we will get back to you with lightning speed (subject to holidays and different time zones J )

Please don’t forget that the course comes with Udemy’s 30 day unconditional money back guarantee. This is something that we are extremely comfortable with and are convinced that this program will provide a ton of value to you.

There are no prerequisites for this module and content has been designed such that candidates from diverse academic and professional backgrounds are able to understand and digest concepts covered. 

It is certainly not our intention to make you an expert on either US GAAP or IFRS, but provide you with a solid framework of concepts and skills that can be applied to Accounting and Financial Statement Analysis in general.

Without much ado, START LEARNING NOW!

Who is the target audience?
  • JOB SEEKERS : Bright young minds looking to break into Investment Banking, Private Equity, Equity Research and other areas of main stream finance and business. The skills you pick up here will make your job interviews a breeze
  • KNOWLEDGE SEEKERS : Absolutely anyone who would like to learn about Accounting and Financial Statements. You don't need any prior knowledge
  • INDIVIDUAL INVESTORS : Those who dabble in the stock markets and would like to learn about Fundamental Analysis (please note, this is NOT a get rich quick course)
Students Who Viewed This Course Also Viewed
Curriculum For This Course
+
WELCOME !
1 Lecture 02:48

Be introduced to SIB and have a feel for the practical training that we provide. Understand learning objectives for Introduction to Accounting- Analyzing Financial Statements.

Preview 02:48
+
Ratio Analysis Theory: Analysis & Interpretation of Financial Statements
6 Lectures 21:04

Have a high level introduction to ratio analysis including the various categories. Understand their importance and the role they play in assessing and comparing a company’s performance  

Preview 01:23

You will learn about the most commonly used liquidity ratios such as the current ratio and quick ratio.  Understand what variables are used to calculate these ratios and how to interpret them 

Liquidity Ratios
02:12

You will learn about the various ratios that shareholders pay attention to. These include Earnings per share or EPS, Dividend per share, Dividend yield, Dividend pay out and Price earnings or PE. Understand what variables are used to calculate these ratios and how to interpret them 

Preview 06:38

In this lecture you will do a deep dive into Gearing ratios which assess how a company is financed and examine its financial health. These include Debt Equity, Gearing, Interest & Debt Coverage.  You will develop an appreciation for what variables are used to calculate these ratios and how to interpret them

Gearing Ratios
02:10

Here you will do a deep dive into various ratios which assess a company’s profit generating ability and measure the return that is being generated for various stakeholders. These include Gross profit margin, Net profit margin, Return on Equity or RoE, Return on Capital Employed or RoCE. Furthermore, you will be able to dissect the RoE further and establish whether RoE is increasing due to financial engineering or an improvement in operating performance.

Profitability Ratios & DuPont Analysis
05:00

In this lecture you will learn about turnover ratios which measure how efficiently assets are being deployed by the company. In the process, you will learn about the significance of the working capital cycle which measures the number of days it takes to convert raw materials to sales and eventually cash. 

Turnover Ratios & Working Capital Cycle
03:41
+
Navigating an Annual Report
1 Lecture 05:16

Navigating through an Annual Report can be quite intimidating especially if you are starting out. In this section, you will develop an appreciation for the most important sections in an Annual Report that you must focus on !

Preview 05:16
+
Ratio Analysis Application: NIKE & ADIDAS
4 Lectures 26:26

Here you will go through Nike’s annual report which is prepared as per US GAAP, identify and input all relevant financials needed for ratio analysis. We will of course take you through the motions step by step. You will learn how to navigate through an annual report and will be on a steep learning curve here!

NIKE - Data Input
11:24

Here you will go through Adidas’ annual report which is prepared as per IFRS, identify and input all relevant financials needed for ratio analysis. We will of course take you through the motions step by step. You will learn how to navigate through an annual report and will be on a steep learning curve as before!

ADIDAS - Data Input
07:46

Having input all financials for Nike and Adidas, we have laid the foundation. In this lecture, we will calculate various ratios for Nike and Adidas using the numbers that we input previously.

Calculating Various Ratios
04:50

In this final lecture, we will take a step back, analyze and interpret various ratios to determine which company between Nike and Adidas is in a stronger position and has better fundamentals. Are there any red flags that should be a cause for concern? Who is the winner?

Analysis & Interpretation: And the Winner is...
02:26
About the Instructor
SIB - School of Investment Banking
4.4 Average rating
53 Reviews
1,988 Students
2 Courses

Founded in 2007 by a former banker from Lehman Brothers, SIB - School of Investment Banking is a pioneer in the provision of practical and career oriented training in the fields of Investment Banking, Private Equity & Equity Research. Team SIB comprises of former investment bankers at Lehman Brothers, Nomura, Citi and UBS

What sets us apart and makes us unique is the fact that in addition to providing cutting edge training, we leverage our deep contacts with recruiters to secure world class placement opportunities for candidates who pursue our full time training programs.

That is why SIB alumni are today pursuing their career ambitions with major recruiters such as Goldman Sachs, JP Morgan, Citi, Deutsche Bank, Bank of America, HSBC, Nomura, PwC, Ernst & Young, KPMG, Deloitte, Grant Thornton and many more spread across New York, London, Singapore, Hong Kong, Shanghai, Dubai & Mumbai.

With an average placement record of 90% since inception, we know more than a thing or two about getting your foot in the door!

We are new to Udemy and are excited about being here. In Q1 2017, we expect to launch many more online programs covering:

  • - Advanced Accounting
  • - Valuation : Trading Comparables
  • - Valuation : Transaction Comparables
  • - Valuation : Discounted Cash Flow (DCF)
  • - Financial Modeling

So stay tuned!