Accounting & Financial Statement Analysis: Complete Training

Accounting & Financial Ratio Analysis made easy. Learn important accounting skills that will get your foot in the door!

What you'll learn

Understand bookkeeping records

Build an Income Statement

Build a Balance Sheet

Understand the accounting equation and the principle of double entry

Tell the difference between debits and credits

Account for the difference between income and cash

Navigate through Financial Reports with ease

Perform Vertical and Horizontal Analysis

Calculate Liquidity, Solvency, Profitability and Growth ratios

Analyze a company's performance based on the figures in its annual report

Requirements

No prior knowledge of accounting is assumed or needed

There is nothing to buy or pay for - everything is included for free

You'll need a notebook and a pen

Description

Accounting is one of the most important skills for people pursuing a career in Finance.It helps you understand whether a business is profitable.It gives you an idea of a company’s size.It helps you use the past in order to take action in the present and change the future.However, it’s essential that you understand it well. If you want to become…a Financial Analystan Accountantan Auditora Business Analysta Financial Controllera Financial Managera CFOa CEOan Investment Bankeran Equity Research Analystan Investor an Entrepreneur  Someone who is involved with a business and would like to be successfulThen you simply have to learn Accounting and Financial Statement Analysis. There is no way around it.But how can you do that if you have very limited time and no prior training? And how can you be sure that you are not missing an important piece of the puzzle?Accounting & Financial Statement Analysis: Complete Training is here for you. One of the best Finance courses available on Udemy, it includes everything you’ll need. We will start from the very basics and then gradually build a solid foundation that will serve you well throughout your career.What makes this course different from the rest of the Accounting courses that are out there?High quality of production – HD video and animations (This isn’t a collection of boring lectures!)Knowledgeable instructor (experience in Big 4 Accounting + Master in Finance)Financial Statement Analysis: We will learn how to use information about the past in order to predict how a business will fare in the futureExtensive Case Studies that will help you reinforce everything that you’ve learnedExcellent support: If you don’t understand a concept or you simply want to drop us a line, you’ll receive an answer within two business daysDynamic: We don’t want to waste your time! The instructor keeps up a very good pace throughout the whole course.How come accounting is so important?It’s about money, right? If you want to understand how money is coming in and going out of a business, you will have to learn accounting.Here are 5 more reasons why you should take this course and learn accounting:Jobs. A solid understanding of accounting usually lands you a sweet job as an accountant and opens doors for a number of career paths.Promotions. Accountants are promoted very easily inside large corporationsMick Jagger studied accountingSecure Future. Accounting skills remain with you and provide extra security. You won’t ever have to fear unemploymentPlease 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 a ton of value for you?Enroll today and let's start this journey together!CPE (Continuing Professional Education)Learning ObjectivesDescribe the fundamental concepts of accounting, bookkeeping and the stakeholders of financial reports.Discuss in detail the three main financial statements and their respective elements.Explain the basic principles that are used in recognition and accounting for revenues and expensesIdentify the process involved in accounting from transaction to final statements.Build a Financial Statement from the basic information provided.Define the principle of accruals accounts and distinguish between accrual and cash principles.Create a cash flow statement from the provided information.Demonstrate knowledge of Financial Reporting and its interpretation using ratio analysis.For additional information, including refunds and complaints, please see Udemy Terms of Use, which is linked from the footer of this page.For more information regarding administrative policies, please contact our support using the Help and Support link at the bottom of this page.

Overview

Section 1: Introduction to Accounting - Why Accounting Is Important?

Lecture 1 What Does The Course Cover?

Lecture 2 What Is Accounting and Why Do We Need It?

Lecture 3 The Importance of Bookkeeping - Good Accounting Records Are Essential

Lecture 4 Financial Accounting - Who Needs Financial Reports?

Lecture 5 Course Notes - Download

Section 2: The Three Main Statements in Financial Accounting

Lecture 6 The Three Main Financial Statements: P&L, Balance Sheet and Cash Flow Statement

Lecture 7 Income Statement Items

Lecture 8 Revenue Types - Practical Exercise

Lecture 9 The Revenue Recognition Principle - Why Is it so Important?

Lecture 10 Types of Expenses

Lecture 11 The Expense Recognition Principle - When to Recognize Expenses

Lecture 12 Income Taxes

Lecture 13 Main P&L Formats

Lecture 14 Balance Sheet Items

Lecture 15 Depreciation and Amortization (D&A)

Lecture 16 Historical Cost vs. Fair Value Accounting

Lecture 17 Completing 33% of the Course

Lecture 18 Тypes of Assets - Practical Example

Lecture 19 Тypes of Liabilities - Practical Example

Lecture 20 Equity

Lecture 21 Types of Equity - Practical Example

Section 3: Let's Build a Solid Foundation: Core Accounting Principles That You Should Learn

Lecture 22 The Main Accounting Equation and How It Stays in Balance

Lecture 23 General & Subsidiary Ledgers - This Is How a Firm Organizes Its Accounts

Lecture 24 Making Sense of Debits and Credits! Balance Sheet T-Accounts

Lecture 25 Income Statement T-Accounts

Lecture 26 The Cornerstone Principle of Accounting - Double Entry Bookkeeping

Section 4: A COMPLETE Case Study: Bookkeeping Records + Income Statement + Balance Sheet

Lecture 27 Practical Exercise: Bookkeeping entries + Building a P&L & a Balance Sheet (1/4)

Lecture 28 Practical Exercise: Bookkeeping entries + Building a P&L & a Balance Sheet (2/4)

Lecture 29 Completing 50% of the course

Lecture 30 Practical Exercise: Bookkeeping entries + Building a P&L & a Balance Sheet (3/4)

Lecture 31 Practical Exercise: Bookkeeping entries + Building a P&L & a Balance Sheet (4/4)

Lecture 32 Course Challenge - Build a P&L and Balance Sheet from scratch

Section 5: Preparing a Cash Flow Statement: Understanding Cash Flow Analysis

Lecture 33 The Importance of Timing: Revenue and Expense Recognition

Lecture 34 The Difference Between Cash Flow and Revenue-A Must Know For Every Entrepreneur

Lecture 35 The Timing of Payments: Here Is How Many Business Owners Improve Their Cash Flow

Lecture 36 The Four Types of Accruals Arising in Accounting Transactions

Lecture 37 Calculating Cash Flows - Understand if a business makes or burns cash

Lecture 38 The Three Parts of Cash Flow Statement explained

Lecture 39 Cash Flow Computations - The Direct Method

Lecture 40 Cash Flow Computations - The Indirect Method

Lecture 41 Calculating Cash Flow in Practice: A Complete Example

Section 6: Introduction to Financial Reporting

Lecture 42 Introduction to Financial Statements

Lecture 43 Let's Open P&G's 2021 Financial Report and Take a Look At It Together

Lecture 44 Who Prepares and Verifies the Annual Report?

Section 7: Financial Statement Analysis: Science and Practice

Lecture 45 The Essence of Financial Statement Analysis: Four Key Dimensions

Lecture 46 Calculating Subtotals, Totals and Year-on-Year Growth

Lecture 47 Key Mechanics of Financial Statement Analysis: Performing a Meaningful Analysis

Lecture 48 Using Different P&L and Balance Sheet Formats + Horizontal and Vertical Analysis

Lecture 49 An Introduction to the "Days" Methodology: Understanding Working Capital Trends

Lecture 50 Financial Ratios Every Investor Should Use: Understanding Financial Ratios

Lecture 51 Practical Exercise: Analyzing P&G's Business Through Financial Ratios (1 of 2)

Lecture 52 Practical Exercise: Analyzing P&G's Business Through Financial Ratios (2 of 2)

Section 8: Financial Statement Analysis - Tesla Еxercise

Lecture 53 What you will see next in this section

Lecture 54 How to download Tesla's historical financials

Lecture 55 Calculating and analyzing growth and profitability ratios

Lecture 56 Calculating and analyzing liquidity ratios

Lecture 57 Calculating and analyzing solvency ratios

Lecture 58 Congratulations!

Aspiring Accountants and Financial Analysts,Aspiring Investment Bankers,Aspiring Financial Controllers,Business Owners,Accounting Students,Anyone wishing to understand a company's financials,Anyone wishing to be successful in the world of Business & Finance