Accounting and Financial Statement Analysis

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

with Ned Krastev

4.9/5

(999)

Unlock the secrets of accounting and financial statement analysis and take your career to the next level. Through hands-on instructions, practical examples, and real-life business case studies, you'll learn the fundamental concepts and techniques used in accounting and financial analysis.

4 hours 55 lessons

Start course

55 High Quality Lessons

4 Practical Tasks

4 Hours of Content

Certificate of Achievement

Course Overview

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!

Topics covered

AccountingExcelFinancial ModelingFinancial Statements AnalysisRatio Analysis

What You'll Learn

In this Accounting and Financial Statement Analysis course, you will learn;

The fundamental concepts of accounting and bookkeeping

The three core financial statements and their main elements

The process of getting from individual accounting transactions to complete financial statements

How to construct an Income Statement, Balance Sheet, and Cash Flow Statement from scratch

The importance of financial reporting and financial analysis

Various financial ratios and how to use them in practice

Curriculum

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 Free

What Is Accounting and Why Do We Need It Free

The Importance of Bookkeeping - Good Accounting Records Are Essential Free

Financial Accounting - Who Needs Financial Reports
Main Elements of the Core Financial Statements

15 Lessons 48 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

Income Statement Items

Revenue Types - Practical Exercise

The Revenue Recognition Principle - Why Is it so Important

Types of Costs

The Expense Recognition Principle - When to Recognize Expenses

Income Taxes

P&L Formats

Balance Sheet Items

Depreciation and Amortization (D&A)

Historical Cost vs. Fair Value Accounting

Types of Assets - Practical Example

Тypes of Liabilities - Practical Example

What is Equity

Types of Equity - Practical Example
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

General & Subsidiary Ledgers - This Is How a Firm Organizes Its Accounts

Making Sense of Debits and Credits! Balance Sheet T-Accounts

Income Statement T-Accounts

The Cornerstone Principle of Accounting - Double Entry Bookkeeping
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)

Practical Exercise Bookkeeping entries + Building a P&L & a Balance Sheet (2 of 4)

Practical Exercise Bookkeeping entries + Building a P&L & a Balance Sheet (3 of 4)

Practical Exercise Bookkeeping entries + Building a P&L & a Balance Sheet (4 of 4)

Course Challenge - Build a P&L and a Balance Sheet from Scratch
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

The Difference Between Cash Flow and Revenue-A Must Know For Every Entrepreneur

The Timing of Payments - Here Is How Many Business Owners Improve Their Cash Flow

Accrual Accounting

Calculating cash flows - Understand if a business makes or burns cash

The Three Parts of Cash Flow Statement explained

Cash Flow Computations - The Direct Method

Cash Flow Computations - The Indirect Method

Building a Cash Flow Statement in Practice
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

Let's Open P&G's 2021 Financial Report and Take a Look At It Together

Who Verifies that the Figures Presented in Financial Statements are Correct
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

Calculating Subtotals, Totals and Year-on-Year Growth

Key Mechanics of Financial Statement Analysis Performing a Meaningful Analysis

Using Different P&L and Balance Sheet Formats + Horizontal and Vertical Analysis

An Introduction to the Days Methodology - Understanding Working Capital Trends

Financial Ratios Every Investor Should Use - Understanding Financial Ratios

Practical Exercise Analyzing P&G's Business Through Financial Ratios (1 of 2)

Practical Exercise Analyzing P&G's Business Through Financial Ratios (2 of 2)
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

How to Download Tesla's Historical Financials

Calculating and Analyzing Profitability Ratios

Calculating and Analyzing Liquidity Ratios

Calculating and Analyzing Solvency Ratios
Course Completion

1 Lesson 1 Min

Congratulations! You have now completed this course.

Congratulations!

Student feedback

4.9/5

999 ratings

5 stars

878 (88%)

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3 stars

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Omaremi Igbenoba

11.11.2023

Amazing course, i'm opportune to take this course free for limited time i wish it could stay longer for me to absorb all that is in here. Thanks to instructor Ned, well explanatory and enjoyable. The graphics illustrations are amazing it help me wants to learn more. Please extend the duration, smile.

Hossam Abdelaziz

20.03.2023

It is very useful and add huge knowledge through discussing main aspects in accounting and finance to help the business information stakeholdrs understand how they efficiently work andwhat are the right decisions we have to take and protect us from the companies fraud.

mark boehme

28.03.2024

Very thorough. I wish there were more examples and worksheets to practice. I felt the tests were too simple and the explanations for incorrect answers did not always explain the correct answer thoroughly.

Khurram Shehzad

10.03.2023

The course materials are excellent as are easy to understand very nicely explained easily understandable very much appreciated thanks for your great work keep up the great work

M K Junayed Parves

03.03.2023

The accounting concepts are very concise and real world examples are given. This course will help anyone to built the basic understanding of a company accounting & finance.