Financial Reporting & Analysis: Complete Preparation from Udemy

Do you want to take your career as a financial analyst to the next level?

Are you looking for a way to acquire valuable skills that will set you apart from the competition?

You’ve come to the right place.

The Financial Reporting and Analysis Course guides you through the core principles and practical applications of reading & analyzing financial reports.

This is essential for those of you who have taken on a career in Finance, such as:

Financial Analysts
Finance Managers
Equity Analysts
Investors, or
Anyone keen to enhance their financial reporting and analysis skills

The course consists of several major chapters:

1) The Income Statement – you will examine the key aspects of revenue and expense recognition, learn how to calculate EPS and DEPS, distinguish between operating and non-operating components of the Income Statement, and much more.

2) The Balance Sheet – this section will teach you the specifics of the major current & non-current assets and liabilities, as well as how to evaluate the liquidity and solvency positions of a company.

3) The Cash Flow Statement – you will find out how to construct a Cash Flow Statement, how to convert cash flows from the Indirect method to the Direct approach, what is the difference between FCFF and FCFE, etc.

Financial Ratio Analysis - we will tackle several categories of financial multiples with practical examples and challenges, aiming to reinforce what you have learned.

Financial Reporting for Specific Items – this is where you’ll examine Inventory, PP&E, Leases, and other relevant items in more detail.

Mastering these topics will make you a valuable, indispensable member of any company’s Finance team.

What makes this course different from the rest of the Finance courses out there?

Experienced Instructor

Antoniya is a Finance Manager with over 10 years of experience in Financial Reporting. She is a Fellow Member of the Association of Chartered Certified Accountants (FCCA) and finds herself very passionate about teaching. Her in-depth knowledge in the field of Finance allows her to explain a seemingly complex topic in an easy-to-understand manner. Through the years, she has successfully put theory to practice in various projects. If you have any content-related questions, you can always reach out to her.

Interactive Experience

The course is beautifully animated, easy to follow, and interactive. Our goal is to deliver the ultimate training experience for you. Not only that- we have provided extensive practice questions that will help you reinforce everything you’ve learned.

Well Structured

This course shows it all, with no steps skipped. The lessons are easy, time-efficient, and well structured. We have used a number of teaching methods. Video lectures, theory, real business examples, animations, case studies... you name it.

This course also offers:

· High quality of production – we have prepared full HD video and animations. This isn’t a collection of boring lectures.

· Excellent support – if you have any difficulty understanding a concept, drop us a line. You’ll receive an answer within 1 business day.

· Dynamic pace– we don’t want to waste your time. The instructor keeps a very good pace throughout the whole course.

Don’t forget that the course comes with Udemy’s 30-day, unconditional money-back-in-full guarantee. And why not give such a guarantee, when we are convinced that the course will provide plenty of value for you?

Click the “Buy Now” button and become a part of the Financial Reporting and Analysis training today.

What's inside

Learning objectives

Learn to read and analyse the major financial statements - income statement, balance sheet, cash flow
Be able to evaluate a company using ratio analysis

Go in depth into the financial reporting specifics for individual line items
Practice various financial analysis techniques

Learn to read and analyse the major financial statements - income statement, balance sheet, cash flow
Be able to evaluate a company using ratio analysis
Go in depth into the financial reporting specifics for individual line items
Practice various financial analysis techniques

Syllabus

Introduction

What Does the Course Cover?

Formula Sheet

Introduction to Financial Statement Analysis

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what should give you pause

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Provides a comprehensive overview of financial statement analysis, covering the income statement, balance sheet, and cash flow statement, which are essential for finance professionals

Examines financial reporting for specific items like inventory, PP&E, and leases, offering practical insights for those working directly with financial statements

Includes practice questions and real business examples to reinforce learning, which is helpful for applying theoretical knowledge to practical scenarios

Explores financial ratio analysis, including activity, profitability, and valuation ratios, which are crucial for evaluating a company's performance and financial health

Taught by a Finance Manager with over 10 years of experience and a Fellow Member of the Association of Chartered Certified Accountants (FCCA)

Covers both IFRS and US GAAP cash flow considerations, which may be useful for learners working with international financial reporting standards

Reviews summary

Financial reporting analysis preparation

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Financial Reporting & Analysis: Complete Preparation with these activities:

Review Accounting Principles

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Reinforce your understanding of fundamental accounting principles to better grasp financial reporting concepts.

Browse courses on Accounting Principles

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Review key accounting equations and definitions.
Practice applying accounting principles to sample transactions.
Identify areas where your understanding is weak.

Read 'Financial Statement Analysis' by Subramanyam and Wild

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Expand your knowledge of financial statement analysis with a comprehensive textbook.

View Outlines & Highlights for Financial Statement... on Amazon

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Read the chapters relevant to the course syllabus.
Work through the examples and practice problems.
Take notes on key concepts and formulas.

Create a Financial Ratio Cheat Sheet

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Solidify your understanding of financial ratios by creating a reference guide.

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List all the financial ratios covered in the course.
Write the formula for each ratio.
Explain what each ratio measures and how to interpret it.
Organize the cheat sheet for easy reference.

Four other activities

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Analyze Real-World Financial Statements

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Apply your knowledge by analyzing the financial statements of publicly traded companies.

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Select three publicly traded companies from different industries.
Download their annual reports (10-K filings) from the SEC website.
Calculate key financial ratios and analyze trends over time.
Write a brief report summarizing your findings.

Build a Financial Model

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Apply your knowledge to build a financial model for a company.

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Choose a company and gather its financial statements.
Project future revenues, expenses, and cash flows.
Calculate key financial metrics and ratios.
Analyze the company's financial performance and valuation.

Read 'The Interpretation of Financial Statements' by Benjamin Graham

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Gain insights from a legendary investor on how to interpret financial statements.

View The Intelligent Investor, 3rd Ed.: The... on Amazon

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Read the book and take notes on key concepts.
Compare Graham's approach to the techniques taught in the course.
Consider how Graham's principles can be applied to modern financial analysis.

Prepare a Presentation on a Specific Financial Reporting Topic

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Deepen your understanding by researching and presenting on a specific area of financial reporting.

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Choose a topic from the course syllabus (e.g., revenue recognition, leases).
Research the topic using academic journals, industry publications, and regulatory guidance.
Prepare a presentation summarizing your findings.
Present your findings to a study group or online forum.

Career center

Learners who complete Financial Reporting & Analysis: Complete Preparation will develop knowledge and skills that may be useful to these careers:

Financial Analyst

A financial analyst examines financial data, providing insights to guide business decisions, and this course directly helps with this process. This course emphasizes a deep understanding of financial statements, including the income statement, balance sheet, and cash flow statement, which are the main documents a financial analyst uses in their work. The course provides foundational knowledge with the practical application of financial reporting and analysis. It covers key topics such as revenue and expense recognition, calculation of earnings per share, and evaluating a company's liquidity and solvency. This course also delves into financial ratio analysis, allowing analysts to assess activity, profitability, and valuation. Anyone wanting to work as a financial analyst should take this course, as it provides a comprehensive overview of the tools and techniques necessary for the position.

See salaries and explore the career path for Financial Analyst

Equity Analyst

An equity analyst researches and evaluates stocks to make investment recommendations and this course is very useful for this career. The course emphasizes the importance of analyzing financial reports, including the examination of income statements, balance sheets, and cash flow statements, all vital to providing informed equity analysis. The course covers the evaluation of a company via ratio analysis, including assessment of activity, profitability, and valuation. Equity analysts will find the specific modules on financial reporting for inventory, property, plant and equipment, and leases particularly useful. The skill of interpreting financial statements is a core requirement for equity analysis. Anyone interested in becoming an equity analyst should take this course, as it provides the knowledge that is essential to building a foundation in equity research.

See salaries and explore the career path for Equity Analyst

Finance Manager

A finance manager oversees the financial health of an organization and this course enhances their ability to do this. The course material helps a finance manager to master the core principles of financial reporting and analysis, including the income statement, balance sheet, and cash flow statement. A finance manager will gain knowledge from this course in how to evaluate a company's financial standing using ratio analysis. The modules on financial reporting for specific items like inventory, property, plant, and equipment, and leases would be especially beneficial for this position, as finance managers utilize this information. A finance manager must be able to interpret financial statements and this course is designed to help master this skill. Anyone wanting to be a finance manager should take this course because it provides a comprehensive overview of financial analysis and reporting.

See salaries and explore the career path for Finance Manager

Investment Analyst

An investment analyst assesses investment opportunities, and this course provides a strong base for success. This course strengthens the skills needed to analyze financial reports, including the income statement, balance sheet, and cash flow statement. An investment analyst will find the training in financial ratio analysis and the evaluation of a company’s performance with ratios to be especially helpful. The course also covers the specifics of financial reporting for individual items like inventory, property, plant and equipment, and leases. An investment analyst needs a thorough understanding of financial statements and this course provides the tools for this. This is a good course for those seeking a career in investment analysis because of the comprehensive nature of the curriculum.

See salaries and explore the career path for Investment Analyst

Hedge Fund Analyst

A hedge fund analyst does financial research for investment and this course provides a core foundational knowledge. This course provides training in analyzing and interpreting financial statements, such as the income statement, balance sheet, and cash flow statement. The course covers analysis using ratio analysis, and these skills are very relevant to a hedge fund analyst. The course also covers financial reporting for specific items such as inventory. Hedge fund analysts require insight into financial statements, and this course can help them develop this skill. This course is helpful for anyone who wishes to become a hedge fund analyst because it provides a comprehensive introduction to the analysis of financial statements.

See salaries and explore the career path for Hedge Fund Analyst

Credit Analyst

A credit analyst assesses the creditworthiness of borrowers, and this course directly helps such a role by examining financial statements. The course focuses on the ability to analyze the income statement, balance sheet, and cash flow statement. The course also covers the use of ratio analysis, specifically focusing on liquidity and solvency ratios, and these modules aid a credit analyst directly in their work. The modules on financial reporting for individual items such as inventory and debt are also particularly useful. A credit analyst must be able to understand financial statements in order to assess risk, and anyone interested in becoming a credit analyst should take this course.

See salaries and explore the career path for Credit Analyst

Financial Consultant

A financial consultant provides financial advice to clients, and the content of this course gives them a foundation of knowledge. The course provides training on how to read and analyze major financial statements such as the income statement, balance sheet, and cash flow statement. A financial consultant will find the training in financial ratio analysis to be especially useful. They also benefit from the modules on financial reporting for items like inventory and liabilities. Financial consultants need a strong understanding of financial statements, and this course is well-positioned to be a help. This course is suitable for anyone who wants to become a financial consultant, thanks to the breadth of coverage of financial analysis.

See salaries and explore the career path for Financial Consultant

Portfolio Manager

A portfolio manager makes investment decisions for a fund, and this course may be useful for the tasks this role performs. The course emphasizes the analysis of financial reports, with specific focus on the income statement, balance sheet, and cash flow statement. A portfolio manager will find the course segments on ratio analysis and assessing a company using these ratios particularly applicable to their role. This course also covers the specifics of financial reporting for individual items like inventory, property, plant and equipment, and leases. Portfolio managers must have a keen understanding of financial statements and this course allows them to gain this ability. This course is helpful for anyone seeking to become a portfolio manager because it provides a foundation in financial statement analysis.

See salaries and explore the career path for Portfolio Manager

Corporate Controller

A corporate controller is responsible for a company's accounting and financial reporting, and this course will directly help in this process. The course provides an in-depth look at financial statements, including the income statement, balance sheet, and cash flow statement. A corporate controller will find the course segments on financial reporting for specific items to be particularly useful. The course modules on ratio analysis are also relevant for use in auditing financial statements. Corporate controllers must have a strong understanding of financial statements, and anyone interested in this position should take this course. The comprehensive nature of this course makes it a good fit for those aspiring to be a corporate controller.

See salaries and explore the career path for Corporate Controller

Internal Auditor

An internal auditor examines a company's financial records and this course provides a basis they can use. The course content helps to understand financial statements, including the income statement, balance sheet, and cash flow statement. The modules on financial ratio analysis provide a practical way to assess a company. Internal auditors will benefit from the course's section on financial reporting for individual items. Auditors need to be able to interpret a company's financial health, and anyone wanting to be an internal auditor should take this course as part of their learning process. Because of the detail the course goes into about financial statements, it is a good fit for those interested in becoming an internal auditor.

See salaries and explore the career path for Internal Auditor

Financial Planner

A financial planner helps individuals manage their finances, and this course helps them understand the financial state that an individual or company may be in. The course focuses on the analysis of financial statements, including the income statement, balance sheet, and cash flow statement. A financial planner will be able to use ratio analysis as part of a complete picture of a client's financial state. The course also includes a section on specific financial reporting items. Financial planners need an understanding of financial statements, and this course may be useful as they learn this. This course may be helpful for a financial planner, because of the overview of financial statements and their analysis.

See salaries and explore the career path for Financial Planner

Accounting Manager

An accounting manager oversees accounting operations within a company, and this course is a useful tool in carrying out their responsibilities. The course goes into the specifics of financial reporting and statement analysis. An accounting manager will find the course modules on the income statement, balance sheet, and cash flow statement to be especially important. The course also covers financial reporting for specific items, such as inventory which is useful for an accounting manager. The ability to interpret financial statements is a necessity for an accounting manager, and this course may be useful. This course may be useful for anyone who aspires to be an accounting manager because it provides a good foundation in financial reporting.

See salaries and explore the career path for Accounting Manager

Business Analyst

A business analyst identifies issues in organizations and offers solutions, and this course helps them understand the financial implications of their actions. The course offers a deep dive into the analysis of financial reports and statements. A business analyst will benefit from a solid understanding of the income statement, balance sheet, and cash flow statement. The material on financial ratio analysis will be of particular use to a business analyst. Business analysts who desire competence in financial analysis may find this course useful. This course might be useful for those who want to become business analysts, because of its detail on financial reporting and analysis.

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Commercial Loan Officer

A commercial loan officer evaluates a business's creditworthiness for loans, and this course may be useful in helping them make informed decisions. The course provides an understanding of financial statements and their analysis, including the income statement, balance sheet, and cash flow statement. The section of this course dealing with ratio analysis and assessing a company's financial health using ratios is very valuable to commercial loan officers. The course covers important considerations for evaluating liabilities and debt. Commercial loan officers require a strong understanding of financial statements. This course may be useful for commercial loan officers, thanks to its coverage of financial analysis.

See salaries and explore the career path for Commercial Loan Officer

Treasurer

A treasurer manages a company's finances and investments, and this course gives them the tools to do so. This course offers a comprehensive guide to the creation and analysis of financial statements. A treasurer will find the course segments covering the income statement, balance sheet, and cash flow statement very useful. The course includes lessons on financial ratio analysis, which is important to a treasurer. This course also covers financial reporting specifics for items like inventory and debt. Treasurers require a mastery of financial statements, and this course may be valuable in this pursuit. This course may be helpful for anyone seeking to become a treasurer, because it provides a good overview of the analysis of financial statements.

See salaries and explore the career path for Treasurer

Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Financial Reporting & Analysis: Complete Preparation.

Outlines & Highlights for Financial Statement...

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Provides a comprehensive overview of financial statement analysis techniques. It covers a wide range of topics, including ratio analysis, cash flow analysis, and valuation. It is commonly used as a textbook in finance courses and provides a deeper understanding of the concepts covered in this course. This book valuable reference tool for anyone working in finance.

Outlines & Highlights for Financial Statement...

Paperback

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Outlines & Highlights for Financial Statement...

Kindle Edition

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The Intelligent Investor, 3rd Ed.

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This classic book provides a framework for understanding and interpreting financial statements from an investor's perspective. It emphasizes the importance of fundamental analysis and provides practical guidance on how to identify undervalued companies. While somewhat dated, the core principles remain relevant and provide valuable context for modern financial reporting. is more valuable as additional reading than as a current reference.

The Intelligent Investor, 3rd Ed.: The Definitive...

Hardcover

Financial Reporting & Analysis

Complete Preparation

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Financial reporting analysis preparation

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