Understanding Accounting and Financial Statements Analysis is a fundamental skill for anyone who aspires for a career in main stream Finance, Business and Management.
These are just some 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: Mastering 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. There are exercises on Depreciation, Cost of Goods Sold, Final Accounts and preparation of a Profit and Loss statement, Balance Sheet and Cash Flow
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Our 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 and understand significance of each of the financial statements namely Income Statement or Profit and Loss, Balance Sheet and Cash Flow
Get a feel for the main accounting principles on which a company’s accounts and financial statements are prepared. These include accruals, prudence, going concern among others
Be introduced to main items that make up Current Assets on the Balance Sheet such as Cash and Cash Equivalents, Debtors or Receivables, Prepaid Expenses, Closing Stock etc. Pick up skills that will be crucial at a later stage when you will be required to assess a company’s health by doing an analysis of it’s liquidity, gearing and solvency
Be introduced to main items that make up Non Current Assets on the Balance Sheet such as Property Plant and Equipment or PP&E, Intangible Assets such as Goodwill, other Long Term Investments.
Learn about the main terms that make up Current and Non Current (or long term) Liabilities on the Balance Sheet such as trade payable or creditors, accrued expenses, short term debt, long term debt etc. Pick up skills that will be crucial at a later stage when you will be required to assess a company’s health by doing an analysis of it’s liquidity, gearing and solvency
Get familiar with the Equity and Capital side of the Balance Sheet by having a feel for shareholders’ equity, retained earnings, P&L reserve, share premium etc
Go through an indicative balance sheet and get a feel for how the various components i.e assets, liabilities and capital come together
Understand what is revenue aka topline or turnover. Learn about cost of goods sold or COGS and get familiar with the 2 most commonly used approaches for valuing stocks ie last in first out or LIFO and first in first out or FIFO. You will go through a simple, powerful exercise in Excel that will solidify your understanding of COGS, LIFO and FIFO
Become familiar with Gross Profit and understand its importance in particular for manufacturing entities. Be introduced to selling, general and admin expenses
Learn about EBITDA which captures earnings before interest, tax, depreciation and amortisation. It is perhaps the most widely used metric to gauge a company’s profitability across the world of finance and business. At the same time, it is important to be careful with how one uses EBITDA
Learn about the very fundamental concept of depreciation that comes up very frequently in Accountancy and financial statement preparation and analysis. Go through a simple yet powerful exercise in Excel where you will get to grips with the different methods of depreciation namely straight line, written down or reducing balance, and units of production .
Learn about EBIT which is earnings before interest and tax. Be introduced to net income or earnings which (along with EBITDA) is perhaps the most widely used metric to gauge company performance and profitability. Earnings per share or EPS is derived from net income
Go through an indicative income or profit and loss statement. Get a feel for how revenue along with the various items of expenses and profit metrics come together and eventually flow through to net income (or earnings).
Be introduced to the trial balance and understand it’s importance in the preparation of financial statements
Debits and credits for the basis of accountancy and financial statements preparation. It is crucial to have a good grip over them
This is a comprehensive exercise where you will be applying the principles of debits and credits. You will prepare a profit and loss or income statement along with a balance sheet from a given trial balance. We will hand hold you and walk you through each step. You will be on a steep learning curve here!
Get familiar with the main items that go into preparing a cash flow such as operating cash flows or cash flow from operations, investing and financing cash flows.
Understand the significance of healthy cash flows for a business. Growing revenues with aggressive accounting is not a very sustainable strategy for the long term.
Be introduced to the direct method of preparing cash flow statements. It is based on cash inflows and outflows, can be difficult to manage and is not as popular as the indirect method
Learn about the indirect method which is widely used for preparing cash flow statements.
Go through an indicative cash flow statement and get a feel for how the various items come together
This is a comprehensive exercise where you will prepare a cash flow statement using the indirect method. We will hand hold you and walk you through each step. You will be on a steep learning curve here!
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!