How to Read Financial Statements

[Level 1] Understand the financial strength of a company and help us to make informed decisions | taught by Lisa Dorian
  • 51 Videos
  • 3 Quizzes
  • 2 Downloads
  • 2.0 hrs

Course Curriculum

$347.00
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Course description

Learn how to read financial statements. In this 2-part 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.


Part 1 - Understanding the balance sheet
In this first module, we learn how to read the balance sheet and the related notes to Microsoft's 2010 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.)

Part 2 - Understanding the income statement and cash flow
In this second module, we continue reading Microsoft’s 2010 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 statements 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.


This 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 learnt. The 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.

reading financial statements - balance sheet notes MD&A




how to understand an income statement understand a balance sheet


How to Read Financial Statements


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Instructor

Lisa Dorian
Lisa Dorian
Head Instructor, Managing Director, MDA Training

Lisa is Managing Director at MDA Training and head of the global accounting learning practice. Lisa has designed and delivered courses in financial accounting and analysis, risk and controls, capital investment appraisal, budgeting and financial management to a wide range of organizations including Huntsman Chemicals, Zurich Insurance, Deutsche Bank, ATB Financial, BC Ferries and ICBC as well as for the Chartered Professional Accountants across Western Canada and Bermuda.

Lisa earned a Bachelor of Arts degree from the University of Manitoba, and then moved on to become a Chartered Accountant. She is also have a U.S. Certified Public Accountant designation. In addition to her professional designations, she is a Certified Internal Auditor, Certified Risk Management Assurance professional and accredited by the Institute of Internal Auditors to conduct quality assessments/validations.

Specialties: Enterprise risk management framework implementations; Workshop facilitation and corporate training in the areas of business and finance strategy, risk management and governance.

Reviews (23)

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 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
Read more

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

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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.

Great insights into the notes in financial statements

by Stacy Rustom
Lisa does a great job of explaining a lot of detail that goes into the MD&A and notes sections of financial statements. There is a lot to understand beyond just the 3 statements, so this was really helpful for me.

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.