Overview

Recommended Prep Courses

These preparatory courses are optional, but we recommend you to complete the stated prep course(s) or possess the equivalent knowledge prior to enrolling in this course:

  1. Accounting Fundamentals
  2. Reading Financial Statements
  3. Excel Crash Course


Financial analysis course overview

This four-module financial analysis course demonstrates how you can perform a comprehensive financial analysis of any organization using a variety of ratios derived from its financial statements. This program provides the skills and training necessary to be a complete financial analyst.

Financial analysis course analyst screenshot


Vertical and horizontal income statement analysis

In this module of this financial analyst course, we work through the various components of the income statement and explain how to analyze it. Using real-life case studies, you will learn how to perform robust vertical and horizontal income statement analysis using various performance ratios. You will also learn how to benchmark income statement performance against an appropriate peer group.

By the end of this module, you will be able to undertake a comprehensive financial analysis of any income statement.

  • Review the various components of the income statement
  • Conduct a comprehensive vertical and horizontal analysis of the income statement
  • Benchmark income statement performance against an appropriate peer group


vertical financial analysis ratios


Balance sheet and leverage ratio analysis

In this second module, you will analyze the balance sheet to determine the operational efficiency of a company. Key ratios taken from the balance sheet and its implications on a company's cash flow are thoroughly explained in this segment. 

Illustrated using a technology firm and a retail firm, we will show you how to conduct a comprehensive analysis using efficiency ratios to determine how well a company is generating revenue. Exercises are provided to help apply proper benchmarking techniques and determine how a company is performing compared to its 5-year history and the industry as a whole.

By the end of this course, you will be able to examine the overall financial condition and performance of a company more effectively using the ratios and research methods demonstrated in this module.

  • Breakdown and define each component of the balance sheet
  • Explain overall efficiency ratios: Total asset turnover and net asset turnover ratio
  • Explain working capital efficiency ratios: inventory efficiency, accounts receivable efficiency, and accounts payable efficiency ratios
  • Determine how to reduce the working capital funding gap to improve operational efficiencies
  • Undertake trend analysis to determine the overall financial performance of a company and forecast future performance.


ratio analysis course free


Cash flow statement and ratio analysis

In this third module of this financial analyst course, you will analyze the cash flow statement to better understand the inflows and outflows of cash throughout the year. Additionally, using different financial ratios taken from the balance sheet, we will help you assess the solvency and leverage of a business. Finally, we will examine different funding options for an organization looking to both operate efficiently and grow. 

The cash flow statement and the different components that make it up will be explained thoroughly to help you assess the financial situation of an organization. By using examples drawn from a technology and retail company, you will understand how different ratios can be used to properly assess the operation of an organization from a cash management standpoint.

By the end of this course, you will be able to analyze how management is raising and using funds by reviewing the cash flow statement of the business. More importantly, you will be able to understand how debt and equity interact with leverage, and how different levels of leverage can affect a company.

  • Breakdown and understand each component of the cash flow statement
  • Understand different types of debt financing tools (e.g. bonds, syndicated loans, and leasing), equity (e.g. common shares and preferred shares), and leverage ratios (e.g. debt to tangible net worth, and total assets to equity)
  • Use real-life cash flow statements to assess the operations of a company


cash flow analysis course


Rates of return and profitability analysis

In the last module of this financial analyst course, you will combine everything you learned in previous modules to unlock the drivers of financial performance. This module guides you through the pyramid of ratios. You can use the pyramid to uncover the profitability, efficiency, and leverage drivers for any organization.

By the end of this course, you will understand how to effectively use the pyramid of ratios to analyze any organization. This module includes a hands-on case study and an Excel spreadsheet template that can be used to generate individual ratios and a pyramid of ratios from any set of financial statements.

  • Unlock the drivers of the return on equity ratio
  • Analyze the profitability, efficiency, and leverage ratios that make up the pyramid of ratios
  • Understand the links between the pyramid’s primary, secondary, and tertiary ratios
  • Construct a pyramid of ratios using a set of published financial statements and perform a complete financial analysis.
  • Return on Equity (ROE) and Dupont analysis


pyramid of ratios analysis from course


Who should take this financial analysis course?

This financial analysis course is perfect for any aspiring financial analysts working in investment banking, financial planning and analysis (FP&A), equity research, corporate development, and other areas of finance and accounting.

This class counts as continuing professional education (CPE) credits for CPAs. 

For further CPE information, please read before purchasing:

https://corporatefinanceinstitute.com/about/cpe-information/


CFI financial analyst certification program

From beginner to advanced, CFI's financial analyst training program will give you the skill you need to become a complete financial analyst.

This course is one of the 9 required "Core" courses to complete CFI's financial analyst training program and earn the Financial Modeling and Valuation Analyst (FMVA) designation.


What You'll Learn

Lesson
Multimedia
Exams
Files

Financial Analysis Fundamentals

$97.00 Enroll Now Free Preview

Approx 6.5 hrs to complete

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FMVA Full Immersion
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Path to Certification

Prerequisite Courses

7 courses from beginner to intermediate level.

01Optional

Core Courses

11 courses from beginner to intermediate level.

02Required

Elective Courses

Take 3 out of 10 courses at an advanced level.

03Required

Get Certified

Submit your FMVA®️ checklist and order your certificate.

04Required

Join Our Community

Get access to the Global Corporate Finance Society.

05Optional

How the Certification Works

FMVA® Financial Analyst Certification courses are offered 100% online, allowing you the flexibility to start the financial analyst program anytime and learn when it’s most convenient for you.
Students must complete all core and elective courses (14 in total) and demonstrate mastery of the topics through successful completion of course materials, quizzes, and assessments.
Within 48 hours of program completion, your Blockchain Verified FMVA Certification will be emailed to you.

What Our Students Say

Deepak Sawarkar
Financials Analysis Fundamentals
Course topics are logically presented. Instructors are concise in their explanation. This makes it very interesting for students to approach the program
Macdonald Ossuetta
Financial Analysis - Super course
The most valuable course delivered in a very effective way. Highly recommended.
Oluseyi Akinsanya
A comprehensive course
The Financial Analysis Fundamentals course had everything I expected and more. I can't think of a better set-up for proper financial modelling.
Besonglache Paul Mbuie
Spot on!
Absolutely amazing! That Dupont Pyramid analysis of ratios got me goose pimples. Loved it!
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Apurba Roy
Great content to gain excellent knowledge and its application over financial analysis. Thank you CFI!
DRISSA FOFANA
the lessons are very well detailed
Justin Affleck Manoti
the coure was well delivered with working examples and exercises tha were practical in nature .
Zeshan Sheikh
The content is designed and explained professionally. It is a must do course for everyone seeking career path.
EBONG MUNGE SYLAMITTE
Thanks to this course i now have an analytical presentation of financial statements and good interpretation skills. It has given me a more organised way of reading and interpreting financial statements especially the manner in which they are linked. I usually think financial analysis was vague in its presentation but with this program it is different feeling edified with financial thoughts.
Godwin Numaworseh
This is the best course I have taken. Very simple, Clear and Concise
Anirudh Bharadwaj
In a word: excellent. The instructor was clear and concise in his instruction. Strongly recommended for anyone who wants to understand the basics of financial analysis.
Syed Agha Suhail Haider
Excellent course for analysts and very helpful in their career to provide informative advice to their management before taking any financial decisions.
Earlene Huntley
This is a good course for someone with little experience with financial statement and performance ratios. It takes you step by step through the components of the financials to the building the pyramid of ratios, which was very useful. Would recommend this for a beginner.
REASON ABAJUO
This course has helped me get a clearer understanding of the rationale behind the ratios. Thus, I do not have to memorize the formulae. I just have to understand the "why" in any ratio, and the formula becomes almost counterintuitive. I highly recommend this course for both professionals who build models and for people who just need to analyze financial statements to understand businesses.
Gurupreet Sachdev
The course is designed perfectly for someone who wants to learn from scratch about Fundamentals of Financial Analysis. the ratios are exp;ined with there detailed usage and how they impact the performance of a company. If you need to know the importance of financial ratios and what they mean this course is for you.
Tobore Atenaga
The Financial Analysis Fundamentals course was concise and straight to the point. Classes were delivered in an in depth manner which was not boring and was easy to understand.
Stuart Jason Knell
Thoroughly enjoyed this course. The coverage of the ratios and sub-ratios that go into Return on Equity (ROE) through the lens of Dupont Analysis was excellent. The practical exercises and use of spreadsheets is great and gives you hands-on experience in calculating these ratios direct from a Balance Sheet, Income Statement or Cash Flow Statement. The knowledge gained in this course is solid and forms the foundation of much of an analyst's daily activities.
Samuel Suárez Marranzini
I really enjoyed this course and I learned quite a lot about new formulas I haven't seen in the past. I just one recommendation for this course to improve and is that they should emphasize more in the cash flow statement and go deep into its ratios that are very useful too.
Zahid Sameer
Absolutely loved the way the Financial Analysis was taught. The step by step instructions and way it was taught through excel simply made me understand it much better than ever before. I got a much clearer and in debt picture of Financial Analysis.

Frequently Asked Questions

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FMVA® Financial Analyst Certification

Become a Financial Modeling and Valuation Analyst (FMVA)® by completing all required courses in accounting, finance, modeling, Excel, presentations, and strategy. From beginner to advanced courses you will have the complete training you need to become a world-class financial analyst.

Upgrade

From $847.00
FMVA Full Immersion
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From $497.00
FMVA Self Study
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