Accounting & Financial Statement Analysis

Accounting & Financial Statement Analysis: Complete Training is here for you. One of the best Finance courses available on OMNI 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.(Online classes available)

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

Course Content:

Module1: Introduction

What Is Accounting and Why Do We Need It?
Why do we need Accounting?
The Importance of Bookkeeping – Good Accounting Records Are Essential
The importance of Bookkeeping
Financial Accounting – Who Needs Financial Reports?

Module2:The Three Main Statements in Financial Accounting

The Three Main Financial Statements: P&L, Balance Sheet and Cash Flow Statement
Income Statement Items
Revenue Types – Practical Exercise
The Revenue Recognition Principle – Why Is it so Important?
Types of Expenses
The Expense Recognition Principle – When to Recognize Expenses
Income Taxes
Main P&L Formats
Balance Sheet Items
Depreciation and Amortization (D&A)
Historical Cost vs. Fair Value Accounting
Completing 33% of the Course
Тypes of Assets – Practical Example
Тypes of Liabilities – Practical Example
Equity
Types of Equity – Practical Example
CPE Review Quiz: Section 2
CPE Review Quiz: Section 3

Module3:Let’s Build a Solid Foundation: Core Accounting Principles That You Should Learn

The Main Accounting Equation and How It Stays in Balance
The Accounting Equation
General & Subsidiary Ledgers – This Is How a Firm Organizes Its Account
General and Subsidiary Ledger
Making Sense of Debits and Credits! Balance Sheet T-Accounts
Income Statement T-Accounts
T-Accounts
The Cornerstone Principle of Accounting – Double Entry Bookkeeping
Double-Entry Bookkeeping

Module4: Case Study: Bookkeeping Records + Income Statement + Balance Sheet

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

Case Study (Part 1)
Practical Exercise: Bookkeeping entries + Building a P&L & a Balance Sheet (2/4)
Case Study (Part 2)
Completing 50% of the course
Practical Exercise: Bookkeeping entries + Building a P&L & a Balance Sheet (3/4)
Case Study (Part 3)
Practical Exercise: Bookkeeping entries + Building a P&L & a Balance Sheet (4/4)
Course Challenge – Build a P&L and Balance Sheet from scratch

Module5:Preparing a Cash Flow Statement: Understanding Cash Flow Analysis

The Importance of Timing: Revenue and Expense Recognition
The Difference Between Cash Flow and Revenue-A Must Know For Every Entrepreneur
The Timing of Payments: Here Is How Many Business Owners Improve Their Cash Flow
The Four Types of Accruals Arising in Accounting Transaction
CPE Review
Calculating Cash Flows – Understand if a business makes or burns cash
The Three Parts of Cash Flow Statement explained
Cash Flow Computations – The Direct Method
Cash Flow Computations – The Indirect Method
Calculating Cash Flow in Practice: A Complete Example

Module6:Introduction to Financial Reporting

Introduction to Financial Statements
Let’s Open P&G’s 2021 Financial Report and Take a Look At It Together
Who Prepares and Verifies the Annual Report

Module7:Financial Statement Analysis: Science and Practice

The Essence of Financial Statement Analysis: Four Key Dimensions
Calculating Subtotals, Totals and Year-on-Year Growth
Key Mechanics of Financial Statement Analysis: Performing a Meaningful Analysis
Using Different P&L and Balance Sheet Formats + Horizontal and Vertical Analysis
An Introduction to the “Days” Methodology: Understanding Working Capital Trends

Financial Ratios Every Investor Should Use: Understanding Financial Ratios
Practical Exercise: Analyzing P&G’s Business Through Financial Ratios (2 of 2)
Financial statement analysis

Module8: Financial Statement Analysis

How to download Tesla’s historical financials
Calculating and analyzing growth and profitability ratios

Calculating and analyzing liquidity ratios
Calculating and analyzing solvency ratios