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Reading Financial Statements
Read an income statement, balance sheet and cash flow statement with confidence and reach a clear, evidence-based judgement about a company's financial health.
About this course
Read any company #x27;s numbers with ease. Interpret the income statement, balance sheet, and cash flow statement to judge financial health.
What you will learn
- Explain what the income statement, balance sheet and cash flow statement show and how they connect
- Navigate an annual report, including the auditor's report and the notes, to find the information that matters
- Assess revenue quality, margins and one-off items to estimate a company's normal earning power
- Evaluate assets, liabilities, leverage and equity to judge balance sheet strength
- Calculate and interpret key ratios for profitability, liquidity, efficiency, leverage and cash quality
- Compare companies fairly and write a concise financial health report with a clear conclusion
Curriculum
Module 1Statement Foundations4 lessons
- 1Why Statements Matter to Everyone Free preview
- 2The Three Statements Tour
- 3Annual Reports: Where to Look
- 4Auditors and Notes
- QModule quiz (4 questions)
Module 2The Income Statement4 lessons
- 5Revenue Quality
- 6Margins That Matter
- 7One-Offs and Adjustments
- 8Earnings Red Flags
- QModule quiz (4 questions)
Module 3Balance Sheet and Cash Flow4 lessons
- 9Assets and What They’re Worth
- 10Liabilities and Leverage
- 11Equity Explained
- 12Cash Flow Statement Reading
- QModule quiz (4 questions)
Module 4Analysis3 lessons
- 13Ratio Analysis Toolkit
- 14Comparing Companies
- 15Course Project: Analyse a Public Company
- QModule quiz (4 questions)
PFinal project: Financial Health Report on a Listed Company
Who this course is for
- Business owners, managers and staff who want to understand company accounts
- Credit officers, suppliers, investors and job seekers who need to judge a company's finances
- Students and early-career finance professionals wanting a practical foundation
Requirements
- A computer or tablet with a PDF reader and spreadsheet software such as Excel or Google Sheets
- Basic arithmetic and percentages; no prior accounting knowledge is required
- Internet access to download published annual reports
What is included
Written lessons
15 lessons, each with a practical exercise and key points to remember.
Module quizzes
A short quiz at the end of each module. Pass mark 70%, and you can retake it.
Final project
Financial Health Report on a Listed Company. A practical brief with steps and a way to check your own work.
Certificate
A certificate of completion from EMFAD Courses with a unique code anyone can verify.
How the certificate works
Complete every lesson and pass every module quiz with 70% or more. Your certificate then appears in your learner area, ready to print or save as PDF. It shows your name, the course title, the completion date and a unique code. It is a certificate of completion from EMFAD Courses, not an accredited qualification.
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