Course Information
Registration period
Year-round Recruitment
Course Level
Study Mode
Duration
8 Hour(s) 1 Minute(s)
Language
English
Taught by
Loony Corn
Rating
Course Overview
A zoom-in, zoom-out, connect-the-dots guide to understanding financial statements, and analysing companies
This is a zoom-in, zoom-out, connect-the-dots tour of Financial Statement Analysis
Let's parse that
- 'connect the dots': Financial Statement Analysis gets a bad rep because its hard to connect the nitty-gritty of the financial statements to the company as a whole. This course makes a serious effort to do exactly that.
- 'zoom in': Getting the details is very important in corporate finance - a small typo, or a minor misunderstanding can cost a company big. This course gets the details right where they are important.
- 'zoom out': Details are important, but not always. You probably don't care about the nitty gritty of accounting for contingent liabilities if you don't know what accounts payable are. This course knows when to switch to the big picture.
What's Covered:
- Corporate Finance Introduced: partnerships, proprietorships and the corporation
- The Agency Problem: How auditors, the board of directors and the capital markets regulator play a role
- Financial Statements: Balance Sheet, Income Statement, Statement of Comprehensive Income and Cash Flow Statement at exactly the right level of detail
- Ratios: Five important types of ratios: liquidity ratios, leverage ratios, turnover ratios, profitability ratios and valuation ratios
- Dupont's Identity: Return-on-equity can be decomposed into 3 elements: profits, asset-leanness and leverage.
- External Financing Needed (EFN) and the Sustainable Rate of Growth: How fast can a company grow if it chooses to forgo external funding? Every startup should know this, really.
- Common Accounting Shenanigans: The playbook of financial statement cheats has been studied by auditors and regulators - learn from history so you are not condemned to repeat it.
Case Studies:
Understanding a company entirely from its investor filings
- Facebook: Fast-growing and profitable, this is the dream stock right now.
- LinkedIn: Versatile, but struggling to break through - the jury seems out on LinkedIn
- Twitter: Bleeding red and slowing growth - Twitter seems to be in trouble.
Course Content
- 12 section(s)
- 43 lecture(s)
- Section 1 You, Us & This Course
- Section 2 The Enterprise
- Section 3 The Balance Sheet
- Section 4 The Income Statement
- Section 5 The Statement of Cash Flows
- Section 6 Ratios
- Section 7 Some Advanced Topics
- Section 8 Case Studies
- Section 9 EPS
- Section 10 Inventories
- Section 11 More on Assets
- Section 12 Leases
What You’ll Learn
- Interpret financial statements - the Balance Sheet, Income Statement and Statement of Cash Flows, Parse SEC filings such as the 10K and 10Q to understand the business model of any company entirely from its investor filings, Calculate ratios in all major categories: liquidity, leverage, turnover, profitability and valuation, Apply Dupont's Identity to see whether a company's stock returns are driven by operational efficiency, asset efficiency or leverage, Calculate the sustainable rate of growth at which a company can grow without external financing
Skills covered in this course
Reviews
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RRashi Dhawan
This course is very useful for those who wants to learn financial analysis of any company … course is very well explained and very easy to learn
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PPaco Lendinez
Very unbalanced. Go very deep in accounting details, but do not explain the big concepts. Technically there is lack of synchronisation between sound and image many times The accent is very far from standard English making some time very difficult to understand if you are not used to Indian English.
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RRashmi Poddar
its a good course to get idea on financial statement analysis
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MMohammed Obaidullah Dilkash
Excellent course for those students who want to develop their careers in corporate finance. All these concepts related to corporate finance are being taught well with real life examples.
