- 51 Videos
- 1 Quiz
- 1 Survey
- 2 Downloads
- 1 Exam
- 2.0 hrs
Course Curriculum
Understanding the balance sheet
Instructions
FREE TRIAL
Downloadable files
Session objectives
Three key financial statements
Balance sheet
Income statement
Statement of cash flows
Simplified balance sheet
Current vs non-current
Balance sheet quiz
Microsoft balance sheet demonstration
Investments
Deferred income taxes
Goodwill
Intangible assets
Unearned revenue
Commitments
Contingencies
Common vs preferred shares
Authorized vs outstanding share capital
Contributed surplus
Other comprehensive income
Balance sheet component matching exercise
Statement of shareholders' equity
The full disclosure principle
Three key financial statement notes
Significant accounting policies
Direct information
Indirect information
Noteworthy exercise
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Understanding the income statement and cash flow
Downloadable files
Session objectives
The three key financial statements
The income statement
Single step vs multi-step income statement
Cost of sales
Selling, general and administration
Gains and losses
Microsoft income statement exercise
The cash flow statement
The cash flow activitites
Operating activitites
Investing activitites
Financing activitites
Direct method vs indirect method
Direct method
Indirect method
Key elements in a cash flow statement
Microsoft cash flow statement exercise
The benefits of an annual report
Contents of an annual report
Management discussion and analysis
Microsoft reporting challenge exercise
Conclusion
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$497.00
Full CFI Program: 25 courses, template library, & Financial Analyst Certification
Course description
Reading Financial Statements Course
Learn how to read financial statements. In this 2-part free course, we use a public company's financial statements and annual report to understand the financial strength of a company and help us to make informed decisions.
Reading & Understanding the Balance Sheet
In this first module, we learn how to read the balance sheet and the related notes to Microsoft's financial statements to understand the financial strength of a company and help us make informed decisions. By the end of this module, you will have a solid understanding of the specific accounts of a typical balance sheet and related notes to the financial statements.
- Navigate successfully through the notes to the financial statements.
- How to read and interpret the various items in a published balance sheet.
- Understand complex balance sheet concepts (e.g. deferred taxes, goodwill, investments, etc.)
Reading & Understanding the Income Statement and Cash Flow
In this second module of this free course, we continue reading Microsoft’s financial statements through to the income statement and statement of cash flows and conclude by covering the key contents of an annual report. By the end of this module, you will have a solid understanding of a typical income statement, statement of cash flows and annual report in its entirety.
- Understand the different ways to present an income statement and cash flow statement.
- How to read and interpret the various items in a published income statement.
- Identify the operating, financing, and investing activities of a company.
- Determine what's contained in an annual report and where to find it.
More About this Free Financial Statements Course
This accounting course is highly interactive with a wide range of applied exercises and case studies. Sophisticated search and navigation tools allow you to go at your own pace while pop quizzes test what you’ve just learned. The reading financial statements course also includes two PDF reference guides – an accounting factsheet and a financial statements glossary - that can be used while taking the course and downloaded to your computer for future reference.
Reviews (57)
Helpful
by Tumwine Micheal
CFI you really doing a great service because your videos are so precious to the point and really understood the necessary information that was disturbing in really life
Rating this course
by ibrahim abdirahman
This course has opened my eyes and i would to like to further my knowledge on accounting and finance to the next level with corporate finance institute. And let me say to corporate finance institute thank you. However, my rate to this course is very satisfying.
Taimur Zulfiqar
by Taimur Zulfiqar
Excellent course on reading financial statements at a beginners level.......well presented.
Financial Statements
by Danna Hunter
This course has open up my eyes in reading financial statements. It gave me a more advanced idea of what belongs within the THREE top financial statements. Thanks CFI!!!!
by Tejas Doke
Helpful
by Tumwine Micheal
CFI you really doing a great service because your videos are so precious to the point and really understood the necessary information that was disturbing in really life
Rating this course
by ibrahim abdirahman
This course has opened my eyes and i would to like to further my knowledge on accounting and finance to the next level with corporate finance institute. And let me say to corporate finance institute thank you. However, my rate to this course is very satisfying.
by Mohammed Hassan Haroun Bagay
by Steeven Popaheha ACSI DipFSM
Taimur Zulfiqar
by Taimur Zulfiqar
Excellent course on reading financial statements at a beginners level.......well presented.
by Ali Abdullah
Financial Statements
by Danna Hunter
This course has open up my eyes in reading financial statements. It gave me a more advanced idea of what belongs within the THREE top financial statements. Thanks CFI!!!!
by salwa bamakhrama
Review- Dave Runyan
by Dave Runyan
I thought this was a reasonably good overview of Financial Statements and material to understand an Annual Report.
The youtube portion was, I thought, was thoughtfully and succinctly put together.
Great
by Dennis Amponsah Baidoo
Great
Extraordinary Course
by Karan Bhadane
superb course , thank's for their initiative of such free online course
Reading financial statement
by Omotayo Habeeb
The course is really an eye-opener, educative and very interesting. I really gained and learned a lot. Thanks to the CFI team for this great opportunity to refresh my brain!!!!!
Very well structured course!
by Fernando Marquez
I liked the course. It is essential for Financial Annalists. I would add some more exercises to strengthen the most challenging concepts to make sure the basic is really solid to move forward.
Thanks for the chance to access to such a good experience.
by Asma Albraiki
This course is excellent in content, context + format. Thanks for your quality education + adding value to mt future.
by Tanya Harris
by rakesh krishnan
Reading Financial Statements
by Aicen Auman
These videos are so informative.
by Anwar Khan
It's really very helpful. The way of teaching is perfect and easy to understand.
Thanks to you and your team k
by ARTURO SOSA CUERVO
Appropriate
by Sulabh Chokhani
Text was good.
Testability should be more stringent.
by Vedula Sri Vinaya
PRESENTATION
by VINCENT TETTEH PERRY
THE PRESENTATION OF THE COURSE MATERIALS IS SUPERB.
by Uls Manikanta
Good course
by Severin Haemmerl
Great overview and nice examples using real-world financial statements. Only the solutions of the exercises could be explained in more detail.
Great Review
by Matthew Johnson
Helpful in explaining the basic components of financial statements. Downloadable resources are very helpful.
Wonderful Work:
by Javed Ahmed
I really appreciate the work your team has done. The way of teaching is perfect and understandable to a prudent minded person.
Stay blessed the team of CFI.
Profound Regards,
Javed Ahmed
Making Management Decisions
by Alexander Korkor
It is very necessary to read Financial Statements. Financial Statement help managers make good decisions for a business/corporate institution, the stipulate the flow of cash, the value of assets, business income, and the development aspects of a corporation/business entity. Financial Statement reading is also advised for a manager as to how to run day-to-day expenditures and how to minimize losses and increase the owner's capital.
by Zura Kiria
by Mohamed Kanneh
by Camilo Rodriguez
by Teka Derick Tikum
This course brings you familiar with finance and accountIng terms and transactions in Financial Statements and how to interpret them. Was of great help during my studies. Thanks CFI
Reading financial statements
by Prem Shrestha
The course is quite simple. It is very useful for beginners. In reality, we have to deal with much more complicated financial statements. It could be useful for practicing individuals to have complicated examples as well.
by tin aung
Great course!!
by brian millen
Excellent
by Sanchita Kundu
by Robert Jackson
by Kajal Poddar
Good !
Reading Financial Statements
by Bienvenido Jesus B. Castro Jr., CPA
Very helpful & informative, the method is very simple but it works well !!
by Hassan Javaheri
by Sai kalyan Kunapareddy
by peter kimera
This course has been of great value to me and it has enabled me to acquire more knowledge
Reading Financial Statements
by Dr.Vijaya Venkateswari Krishnasamy
The Course was interesting and informative
Add more free courses
by Faysal Hossain
It is great to get such experience and helps
Review of Reading FS
by Przemyslaw Janus
If possible there could be a reference to the statement of changes in equity (as part of FS) and perhaps a short note on IFRS / US GAAP and main differences in treatment.
Reading Financial Statements
by Edwin Wangila
Great
Straight forward and clarified
by Richard Hastings
Cuts to the meat of the matter, and expresses financial statements in logical and sensible formats. Understands need for not going in to too much detail.
by Nuwan Tharanga Liyanage
by Tchounkeu Jemia Hermann Jephte
by Aarav Singh
Great course !
by Elie Haddad
This course is so informative !
by barbara arnold
by Cara Nowen
by Rustom Rupand
by Srikanta Tripathy
Review on Reading Financial Statements
by Swan Aung
Reading Financial Statements is very useful for those who are working in both the banking industry and business sectors.
Solid
by Chris Wang
This course is a great overview of the basics and is easy to follow. It was well paced , although I repeated several of the chapters which was easy thanks to the good interface. All in all a very solid course.