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 Finance, Business and Management.
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 Analysis? The most compelling reasons are…
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.
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!
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
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
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
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
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.
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.
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!
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!
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.
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?
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:
So stay tuned!