Accounting and Financial Statement Analysis
top-rated

Name: Accounting and Financial Statement Analysis Course
Price: 36 USD

with Ned Krastev

4.9/5

(2,143)

Master essential accounting skills: from debits and credits to advanced financial statement analysis

5 hours of content 26778 students

Start for Free

What you get:

5 hours of content
63 Interactive exercises
34 Downloadable resources
World-class instructor
Closed captions
Q&A support
Future course updates
Course exam
Certificate of achievement

Accounting and Financial Statement Analysis
top-rated

A course by Ned Krastev

Start for Free

What you get:

5 hours of content
63 Interactive exercises
34 Downloadable resources
World-class instructor
Closed captions
Q&A support
Future course updates
Course exam
Certificate of achievement

Start for Free

What you get:

5 hours of content
63 Interactive exercises
34 Downloadable resources
World-class instructor
Closed captions
Q&A support
Future course updates
Course exam
Certificate of achievement

What You Learn

Develop a comprehensive understanding of the importance of financial accounting in business decision-making
Master the fundamental techniques for recording financial transactions using debits and credits
Acquire detailed knowledge of the core financial statements - Profit & Loss and Balance sheet
Apply fundamental accounting principles, such as the main accounting equation, to record transactions and build cohesive Profit & Loss and Balance sheet statements
Learn how to prepare a complete cash flow statement and study a company’s ability to generate cash
Assess financial performance and sustainability with the main financial ratios

Top Choice of Leading Companies Worldwide

Industry leaders and professionals globally rely on this top-rated course to enhance their skills.

Course Description

This Accounting and Financial Statement Analysis course will guide you through the basics of bookkeeping, the main accounting principles, and the practical applications of financial statement analysis. Accounting is an essential skill for people pursuing a career in finance and a vital function for businesses. Accounting experts help track revenue and expenses, ensure compliance with local laws and regulations, and provide internal and external stakeholders with the quantitative financial information needed for decision-making. In this Accounting and Financial Statement Analysis course, you will learn how to book real business transactions and assess their impact on a company’s financial performance. We cover the meaning of debits and credits, T-accounts, accrual accounting, cash flow computations, and the importance of timing of payments. Next, we touch on the essence of financial statement analysis and the most common types of ratios tracked by investors, including activity, profitability, liquidity, solvency, and valuation ratios. Finally, we demonstrate the practical applications of accounting and financial statement analysis with several extensive case studies. By the end of this Accounting and Financial Statement Analysis course, you will be able to book basic accounting transactions, prepare core financial statements, and analyze the financial indicators of real-life companies, such as P&G, Tesla, and others. Sign up now to enhance your finance career and master the art of accounting and financial statement analysis!

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1.1 What does the course cover

1 min

1.2 What Is Accounting and Why Do We Need It

5 min

1.4 The Importance of Bookkeeping - Good Accounting Records Are Essential

3 min

1.5 Financial Accounting - Who Needs Financial Reports

2 min

2.1 The Three Main Financial Statements - P&L, Balance Sheet and Cash Flow Statement

2 min

2.2 Income Statement Items

6 min

Curriculum

1. Introduction to Accounting: Why Is Accounting Important?

4 Lessons 11 Min

In the introductory section, we discuss the importance of bookkeeping and financial accounting. You will meet your instructor and get acquainted with the structure and main topics covered in this Accounting and Financial Statement Analysis course.

What does the course cover
1 min
What Is Accounting and Why Do We Need It
5 min
The Importance of Bookkeeping - Good Accounting Records Are Essential
3 min
Financial Accounting - Who Needs Financial Reports
2 min
2. Main Elements of the Core Financial Statements

15 Lessons 47 Min

In this section, we explore the main financial statements that companies prepare and their major line items—revenue, expenses, assets, liabilities, and owner's equity. Next, we cover the key concepts and practical applications of revenue and expense recognition. You will also learn the difference between historical and fair value accounting, how to account for income taxes, and more.

The Three Main Financial Statements - P&L, Balance Sheet and Cash Flow Statement
2 min
Income Statement Items
6 min
Revenue Types - Practical Exercise
2 min
The Revenue Recognition Principle - Why Is it so Important
3 min
Types of Costs
5 min
The Expense Recognition Principle - When to Recognize Expenses
2 min
Income Taxes
2 min
P&L Formats
1 min
Balance Sheet Items
4 min
Depreciation and Amortization (D&A)
5 min
Historical Cost vs. Fair Value Accounting
2 min
Types of Assets - Practical Example
3 min
Тypes of Liabilities - Practical Example
3 min
What is Equity?
2 min
Types of Equity - Practical Example
5 min
3. Core Accounting Principles

5 Lessons 16 Min

Here, we explain the difference between general and subsidiary ledgers, what T-accounts are, and how to use them in the context of double-entry bookkeeping. With this knowledge, you will take on the role of an accountant and learn to book basic accounting transactions.

The Main Accounting Equation and How It Stays in Balance
2 min
General & Subsidiary Ledgers - This Is How a Firm Organizes Its Accounts
2 min
Making Sense of Debits and Credits! Balance Sheet T-Accounts
4 min
Income Statement T-Accounts
3 min
The Cornerstone Principle of Accounting - Double Entry Bookkeeping
5 min
4. A Complete Case Study: Bookkeeping Records + Income Statement + Balance Sheet + Cash Flow Statement

5 Lessons 34 Min

In this practical section, you will work on a complete accounting case study. We illustrate how to book real-life business transactions. Then, based on these accounting records, we build the Income Statement and Balance Sheet from scratch. Finally, you will have the chance to practice everything you have learned so far in a Course Challenge we have prepared for you.

Practical Exercise Bookkeeping entries + Building a P&L & a Balance Sheet (1 of 4)
10 min
Practical Exercise Bookkeeping entries + Building a P&L & a Balance Sheet (2 of 4)
8 min
Practical Exercise Bookkeeping entries + Building a P&L & a Balance Sheet (3 of 4)
7 min
Practical Exercise Bookkeeping entries + Building a P&L & a Balance Sheet (4 of 4)
8 min
Course Challenge - Build a P&L and a Balance Sheet from Scratch
1 min
5. Preparing a Cash Flow Statement

9 Lessons 35 Min

This entire section is dedicated to the Cash Flow Statement. We elaborate on the importance of the timing of cash transactions and the difference between cash generation and profitability. You will learn to calculate Net Cash Flow in Excel and build the Cash Flow Statement using the direct and indirect methods.

The Importance of Timing - Revenue and Expense Recognition
6 min
The Difference Between Cash Flow and Revenue-A Must Know For Every Entrepreneur
1 min
The Timing of Payments - Here Is How Many Business Owners Improve Their Cash Flow
3 min
Accrual Accounting
6 min
Calculating cash flows - Understand if a business makes or burns cash
3 min
The Three Parts of Cash Flow Statement explained
2 min
Cash Flow Computations - The Direct Method
2 min
Cash Flow Computations - The Indirect Method
4 min
Building a Cash Flow Statement in Practice
8 min
6. Introduction to Financial Reporting

3 Lessons 10 Min

In this section, we switch gears and talk about the importance and practical applications of financial reporting. We go through the financial statements of a real company—Procter & Gamble (P&G)—and the major line items published in its Income Statement, Balance Sheet, and Cash Flow Statement.

Introduction to Financial Statements
2 min
Let's Open P&G's 2021 Financial Report and Take a Look At It Together
6 min
Who Verifies that the Figures Presented in Financial Statements are Correct
2 min
7. Financial Statement Analysis: Science and Practice

8 Lessons 33 Min

In this core section, we introduce the concept of financial statement analysis and the major financial ratios used by investors. We examine the five key dimensions of ratio analysis (profitability, liquidity, activity, solvency, and valuation) and the difference between horizontal and vertical analysis. We have also included a practical case study in which you will calculate and interpret some multiples based on the financial statements of Procter and Gamble (P&G).

The Essence of Financial Statement Analysis in Five Key Dimensions
2 min
Calculating Subtotals, Totals and Year-on-Year Growth
2 min
Key Mechanics of Financial Statement Analysis Performing a Meaningful Analysis
3 min
Using Different P&L and Balance Sheet Formats + Horizontal and Vertical Analysis
4 min
An Introduction to the Days Methodology - Understanding Working Capital Trends
2 min
Financial Ratios Every Investor Should Use - Understanding Financial Ratios
8 min
Practical Exercise Analyzing P&G's Business Through Financial Ratios (1 of 2)
7 min
Practical Exercise Analyzing P&G's Business Through Financial Ratios (2 of 2)
5 min
8. Financial Statement Analysis - Tesla Exercise

5 Lessons 23 Min

The last section of the Accounting and Financial Statement Analysis course comprises a complete financial statement analysis case study. We demonstrate how to download, read, and interpret the historical financial information of a real company—Tesla. We calculate and analyze various profitability, activity, liquidity, and solvency ratios and show you how to use them in a company’s evaluation.

What You Will See Next in This Section
1 min
How to Download Tesla's Historical Financials
3 min
Calculating and Analyzing Profitability Ratios
11 min
Calculating and Analyzing Liquidity Ratios
6 min
Calculating and Analyzing Solvency Ratios
2 min
9. Course Completion

1 Lesson 1 Min

Congratulations! You have now completed this course.

Congratulations!
1 min

Topics

AccountingFinancial Statements AnalysisExcelFinancial ModelingRatio AnalysisTheoryFinancial Analysis

Tools & Technologies

Course Requirements

No prior experience or knowledge is required. We will start from the basics and gradually build your understanding. Everything you need is included in the course

Who Should Take This Course?

Level of difficulty: Beginner

Aspiring accountants, financial analysts, financial controllers, investment bankers, investment analysts
Anyone who wants to work in finance

Exams and Certification

A 365 Financial Analyst Course Certificate is an excellent addition to your LinkedIn profile—demonstrating your expertise and willingness to go the extra mile to accomplish your goals.

Meet Your Instructor

Ned Krastev

CEO at

27 Courses

37478 Reviews

446763 Students

Ned Krastev is an entrepreneur and educator who has helped over 1.6 million students worldwide gain business, finance, and data skills. After earning his Master's degree in Finance from Bocconi University in Milan, he built a career with leading companies including PwC Italy, Coca-Cola European Partners, and Infineon Technologies. In 2014, Ned published his first online course on financial modeling and valuation, sparking his passion for online education. Today, as Founder & CEO of 365 Careers and Co-founder of 365 Data Science, he leads one of the most successful global providers of professional training, aiming to bridge the gap between academic theory and real-world business application.