Learn how to analyze financial statements and reports, including income statements, balance sheets, and cash flow statements, and understand essential financial accounting principles and metrics. This course offers hands-on exercises using real-life examples from well-known companies like Facebook, Amazon, and Apple to demonstrate practical application.
Overview
Syllabus
Introduction to Financial Accounting
- Who uses financial reports?
- Where to find financial reports
- Types of financial reports
- Generally Accepted Accounting Principles (GAAP)
- Cash vs. accrual accounting
Income Statement
- Essential line items
- Profit ratios and margins
- Accrual accounting in the income statement
- Depreciation and amortization
- Trailing Twelve Months (TTM)
- Year-over-year (Y/Y) Comparisons
- EBITDA
Balance Sheet
- Assets = Liabilities + Shareholder's Equity
- Essential components of each section
- Changes in PP&E
- Working capital
Cash Flow Statements
- Why we need the cash flow statement
- Cash flows from operations
- Cash flows from investing
- Cash flows from financing
- Deferred taxes
Taught by
Mourad Kattan and Dan Rodney
