Ultimate Financial Statements And Ratio Analysis Course

Learn to read and analyze financial statements to make better business decisions.

What you'll learn

Understand the difference between the Balance Sheet, Income Statement, and Statement of Cash Flows.

Identify different asset, liability, equity, income, and expense accounts.

Understand the components of a loan and how to create a loan amortization schedule.

Review different ratio groups and understand their use and significance.

Requirements

For beginners, I highly suggest you take my first course where I introduce bookkeeping/accounting concepts and terminology. For intermediate level users, no further requirements are necessary.

Description

The goal of this module is to understand the financial statements a business should prepare on a periodic basis. We will review all three financial statements and breakdown the components that make them so important in business. Towards the end of the course, I will explain ratio groups and how to utilize under different scenarios. We will discuss key terms and concepts necessary to succeed not only in this course, but also your professional career. This course includes video lessons, quizzes, and carefully designed excel spreadsheets to carry out activities.Here are the lessons we will cover throughout this course:Income Statement AnalysisBalance Sheet Analysis Part 1Balance Sheet Analysis Part 2: Accounts Receivable and Prepaid AssetsQuiz 1 RecapBalance Sheet Analysis Part 3: Liability + Equity AccountsQuiz 2 RecapComponents of a Loan and Amortization ScheduleStatement of Cash Flows Part 1What is Ratio Analysis?Quiz 3 RecapRatio Analysis Part 2 - Solvency and Efficiency RatiosQuiz 3 RecapAfter the courseOnce you have completed this module, it would be beneficial to move onto "QuickBooks Online Part 1." The QuickBooks Online series helps you apply what you the learned in "Basic Accounting Concepts and Principles" and "Understanding Financial Statements and Ratio Analysis". These QuickBook courses can be taken by anyone with an accounting background to further increase their knowledge of the accounting software.

Overview

Section 1: Understanding Financial Statements and Ratio Analysis

Lecture 1 Income Statement Analysis

Lecture 2 Balance Sheet Analysis Part 1: Assets

Lecture 3 Balance Sheet Analysis Part 2: Accounts Receivables and Prepaid Assets

Lecture 4 Balance Sheet Analysis Part 3: Liability + Equity Accounts

Lecture 5 Components of a Loan and Amortization Schedule

Lecture 6 Statement of Cash Flows Part 1

Lecture 7 What is Ratio Analysis?

Lecture 8 Ratio Analysis Part 2 - Solvency and Efficiency Ratios

This course is intended for bookkeepers/managers looking to further their career in accounting.,The course is also suitable for entrepreneurs looking to better understand and/or measure the performance of their business.