Reading Financial Statements

Overview

Reading Financial Statements Course

Learn how to read financial statements. In this 2-part free course, we use a company's financial statements and annual report to understand the financial strength of a company and help us make informed decisions.

Reading & Understanding the Balance Sheet

In this first module, we learn how to read the balance sheet and its related notes using a company case study, Espresso Software. This will help us understand the financial strength of the company and help us make informed decisions. By the end of this module, you will have a solid understanding of the specific accounts in a typical balance sheet and the related notes to the financial statements.

Navigate successfully through the notes to the financial statements.
Read and interpret the various items in a published balance sheet.
Understand complex balance sheet concepts (e.g. deferred taxes, goodwill, investments, etc.)

Free Accounting Course - CFI

Reading & Understanding the Income Statement and Cash Flow

In this second module of this free course, we continue reading Espresso Software's financial statements. We look at the company's 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.

Understand the different ways to present an income statement and cash flow statement.
Read and interpret the various items in a published income statement.
Identify the operating, financing, and investing activities of a company.
Determine what is contained in an annual report and where to find it.

How to read financial statements free course

More About this Free Financial Statements Course

This accounting course is highly interactive with many different applied exercises and case studies. Sophisticated search and navigation tools allow you to go at your own pace while pop quizzes test what you have learned. The reading financial statements course also includes two PDF reference guides – a financial statements glossary and an accounting factsheet. These can be used while taking the course and downloaded to your computer for future reference.

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What You'll Learn

Lesson

Multimedia

Exams

Files

Introduction

Course introduction

Downloadable files

Understanding the Balance Sheet

Session objectives

Three key financial statements

Balance sheet

Income statement

Statement of cash flows

Simplified balance sheet

Current vs non-current

Interactive exercise 1

Espresso Software balance sheet demonstration

Investments

Deferred income taxes

Interactive exercise 2

Common vs preferred shares

Authorized vs outstanding share capital

Contributed surplus

Other comprehensive income

Interactive exercise 3

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

Interactive exercise 4

Noteworthy exercise

Understanding the Income Statement and Cash Flow Statement

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

Interactive exercise 5

Espresso Software income statement exercise

The cash flow statement

The cash flow activities

Operating activities

Investing activities

Financing activities

Direct method vs indirect method

Direct method

Indirect method

Key elements in a cash flow statement

Interactive exercise 6

Espresso Software cash flow statement exercise

The benefits of an annual report

Contents of an annual report

Management discussion and analysis

Expresso Software reporting challenge exercise

Qualified Assessment

How to Read Financial Statements - Free Course

Free Enroll For Free

Approx 1.5 hrs to complete

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Path to Certification

Prep Courses

5 courses from beginner to intermediate level.

01Optional

Core Courses

9 courses from beginner to intermediate level.

02Required

Elective Courses

Take 3 out of 9 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 (12 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

Don Ussery

This was great going through each section concerning financial statements.

Noura Alsugaih

it gives you the basic understanding about the reading financial statements: - income statement - balance sheet - Cash flow statement

Kavya Krishna Murthy

The course was very easy to understand and thorough. The interactive exercises helped alot to understand the fundamentals

Veena Khandagley

good

Siddharth Mehrotra

Good course for those who are beginners and wants to know about the terms used in financial statements

Korey Cook

As I am running through this course, it is really easy to understand and video work rather than reading makes things so much easier to digest.

Ansar CP

The course trying to deliver their best to a student in a simple way. especially for a beginner. It is recommended if you could add more area of Income statement, it would be more grateful. Thank you;

Ahmed Mohamed Ahmed Abolfotoh Ramadan

This course is impressive for a couple of reasons: the materials are well prepared, the quality of videos is great and the instructor voice is clear and has a simple way of delivering the information.

Akash Bhandari

GOOD FOR READING FINANCIAL PERFORMANCE

DONALD KALEGELE

The course has given me a great recap on reading the Financial statements

David Matthews

love it

Wayne Sakwah

I have studied the course and it is well done.

Gaye-Leon Williams

I did the course in about 3 hours. It was easy to follow through and very practical. I would highly recommend it to anyone interested in learning more about finance and or investments/investing.

OMOLARA ADEWOLE

This is a course i will recommend for a financial accountant as a refresher training. So engaging and well-packaged analysis .

Shiza baig

It really helps me

Romaric Christian Tuwindpulongo Yougbaré

Very interesting and intuitive course which will really help in the future ! Thank you so much

Vinay Gupta

It's good Course to get an basic understanding of FS

Maneeza Hasan

This course is exactly what i was looking for. The explanation is so clear and easily understood.

Alvin k. Johnson

Well, I am indeed overwhelmed by what i was thought in this course. I am an accountant but what I have learned during this course was so wonderful. I can boost of analyzing financial statements given to me . This course has made men more prepared for my CPA Exams.

Marchetty Pavan Sai

Content is helpful in understanding the terminology and for basics. Thank you

Shiela Anne Gaerlan

This is my second time finishing a course here and all I can say is that CFI really helped me to understand a lot of things related to Accounting. I am very much happy knowing that I will be taking ABM as my SHS strand. All of my learnings in here will serve as a guide as I pave my way through Accountancy. Thank you for the free courses, CFI:)

Md Mobashir Alam

complex course presented in a lucid manner

Ahmed Khafagy

very valuable course

Aditi Bhadani

Everything is good but the problem is that when giving exams we dont get to know which answer is correct and which is not which takes a lot of time.

Nikhil Kumar Saini

Loved it ❤️

Swetha Manne

Good

Ridhima Arora

Very helpful course

moses osekita

This course helped me in my financial skills and I really recommend it to other users... Thanks CFI

Srishti Goyal

The course is really good.

Vicky Shah

it is a good course to learn and read the financial statements like Balance sheet, Income Statement and Cash flow statement. it also helps us to know the various content of financials statement like contingencies, commitments, accured liability , deferred Income tax Payable etc.

Chauhan Arpit

I find this course excellent.I revised all my concepts of FS.

Saurabh Salgia Jain

Can be made more Analytical.

Amparo Masson

I did this as a refresher and found it very helpful.

SOUGATA DAS

IT IS A VERY INFORMATIVE COURSE. IT IS ESSENTIAL FOR BEGINNER.

Maram Alshareef

The course was very wonderful

ALANOUD ALNUNAN

it is very good course thank all the group work on this

Ronaldo Taylor

This course provides sufficient introductory insight into any existing or budding finance professional at all levels.

Ketan Kamble

Good

Richa Nigam

Explained each thing in a brief way, at the same time in a clear way.

Muhammad Aftab Uddin Bhuiyan

I have learnt many more things from this Course before training my junior fellow(s).

gangesh kumar

I have learnd all about how to read financial statement. And now i am very confident about this. This learning is very useful for me. And the way you teach is very good. All the videos and text notes are very well explained. Test between study is very useful to check what you have learned. Videos are not too long neither too short. I am very satisfied after completing this course. You can also get certificate after course completion after giving test, that too will be not so hard. Thank you.

Nikhil Deshmukh

This course is excellent, informative, engaging and interactive. Basics of Financial Statements are covered in detail.

Annalize Swartz

This course was very informative and designed in such a way that it is easy to grasp. I love all the practical examples and videos. The interactive assessments are useful in testing one's knowledge of the materials. Thank you!

Rutuja Zagade

Very nice course. This course gives basic information about financial statements which is helpful to understand in detail about financial statements

Omoshewa Adebisi

I learnt three key financial statement which are profit & loss account, statement of financial position &statement of cash flow. I have always wanted to know difference between accounting income and taxable income which I have learnt from this course.

Emilia Abia

This course was so helpful and enlightening!

Souhityo Gupta

This is my first course with CFI and this course is bodacious. I personally feel that I have invested a valuable time by selecting this course. All the topics are widely covered and understandable as the topics are clearly itemized with important key words.

Rhythm Arora

Nice initiative

Mahima Sonalkar

This course is amazing for the ones who needed to learn more about the Company's performance and Financial Statement analysis. I will definitely recommend this to give it a try.

Isaac Anowuo

The content of the financial statement is in detail and good for this level.

Moses Kargbo

The course summarised an understanding of all the components within each of the three financial statements.

Oluwaseun Adedayomi

Taking this course is nice. I could not just get it better elsewhere.

Erik Goepner

Professional, informative, engaging, and free--it's everything you can ask for.

Amanda Collins

engaging and very informative

HIMANSHU SINGH

course was fully satisfying. Thank you.

Arvind Jugraj Jain

Very informative course to have complete understanding of Financial Statements and its various parts

Konchada Sameera

Good

Chinnari Priyatam

Over-all good

Simranjeet kaur

I really understood all the basics of financial statements and with much ease.

HRITIK SAWANT

This was really helpful for increasing my knowledge in cash flow statement

Abdur Rahman Muhammad

The CFI team has designed this course for public with efforts. The learning is so easy. There is no word like perfect to me. According to me, after having the full course you will be able to read and understand the financial statements. Moreover, any accountant can easily work with the financial statements but without analysis course this you may not be able to understand the financials. This course clears much about the financial statements. Once again thanks to the entire team.

Hemang Tomar

It's very new and innovative idea to learn the things

Sathyamurthy Subramanian

It is a good program and make user to learn the basic

ADEBAYO YINKA ADEYIGA

Am at happy moment adding value to myself in the field of finance becuade all the aspect I didn't known was been explained in this course and I was able to have a clear understanding of them all including the one I am not aware of. It is a good moment attempting this course

Edwin Ruburika

The course was both practical and entertaining. I enjoyed refreshing my knowledge.

Alaa Aloush

****

Annalita Tandog

The course on reading financial statements feels like I am taking a refresher course in Accounting. It discusses about the basics of Financial Statements while giving an in depth understanding of an actual annual report and F/S. It has satisfactorily targeted the topics that are mostly critical and valuable in a real business situation. I am already excited to move on to my next course.

Anmol Garg

Good.

Sagar Devani

one of the best online course to understand the financial statement.

Nitin Kashyap

Indeed this course meant for those who are in the business of financial analysis and statement. I pleased to mention here that I will become more stronger and better after having this fabulous session from CFI. Love to enroll more in practice session Thank you so much CFI... Keep Rocking

Bidyarthi Saraswati Swain

It's very helpful both the commerce and non commerce students.

Priya Dubey

The course contains all the useful topics as well as exercises. I would highly recommend this course.

Amrita Sinha

I consider it an innovative and creative way of delivering knowledge. The slides were very informative and interesting. Fundamentals were very clear and understandable. These fundamentals are important to know being a finance student.

Deepali Pal

This level is really informative as the learning is on practical data. Very helpful. Interaction is impressive.

Bashiru Olatunde Ligali

Excellent! the course touches all key aspects required to understand and analyze a financial report in a brief and engaging manner.

Jose Olmedo

Excellent

Pankaj Mhatre

It helped me to increase my knowledge

Ami Htike

Thank you very much for the sweet and short course for all fundenmendals. Learning this was fun to refreshing the basic accountings knowledge.

Anurag Singh Yadav

jai ho

Wayne Makwata

The context and explanation was well done..coherent and of great importance

Benedict Nor

100% achievement and well done to CFI Development

Mohit Summy

The course is essential for being a good and perfectionist in Financial Analyst , So going with it and keep remember that your honesty and potential with these courses help you to made a good financial analyst definitely.

Lloyd Campbell

Me completing this course will greatly assist in my investing.

FELIX OMOSEBI

I attained great understanding of the course through the materials and instructor. This learning platform is awesome.

Yazeed Alkhuwaiter

Thank you and really great course

Pallavi Chikkanna

The course contents are tailored with fundamentals that are MUST before reading the financial statements. Annual report used during the course, was really helpful bridging straight with real-time contents and course contents. Thanks, CFI.

gulisha vijayvergia

The course was very easy and helpful for beginers. It was very interesting with the help of graphics.

Zeeshan Muhammad Aslam

Absolutely worthy, comprehensive and beneficial course. I would suggest and recommend all finance professionals should get this certification.

Md Aariz Jamal

It's a great course to build basics of Account and make sure you are able to read and interpret financial statements.

Gerald McKoy

This course is highly recommended among the host of free and paid courses offered by CFI.

Anne Akinyi

i can comfortably read and analyze a company's financial statement with ease. Excellent course in deed.

Raju Ramadhar Mishra

This course is awsome to understand all aspects of financial statements. It clears all concept and help to understand the subject matter.

iulian Cojocaru

Very useful, all important areas were pointed

s Farhana

Excellent course and easy to understand 👍😊

Nand Kishore Prasad

Very informative way of teaching

Gurdeep singh

fantastic

Harshit Gautam

Quite informative subjects covered.

Pratheeksha G

Very Helpful

Lochomin Akuut Calvin

the lecture is explained to its best line of fit to the leaner its precise and direct to the point

Ajibodu Olukunle

Its been a wonderful moment taking the course

Md. Rashel Siddique

This course is so helpful for finance person.

Aiush kumar agarwalla

very clear instructions

ASIF YAKOOB

Strongly recommended to everyone doing the course. its such an excellent refresher, enjoyed doing it. very precise and informative. thumps up

Tanishk Sharma

This course must be completed by everyone who's done the Accounting Fundamentals course. It's the perfect refresher course for in-depth learning into the financial statements of a company.

A.Z.M Sheikh Nazmus Saqib

Good

sandesh paul

Helped me to recall all the knowledge i gained in my Graduation days .

Meshal Althobaiti

I think this course is a good course foe accounting student

Reema Almukhlifi

I have refreshed my memory on the basics of accounting and been introduced to new components and information that helped me to understand the financial statements better. However, some of the case studies questions were not cleared and needed more explanation which i could not ask for. Otherwise, it is a great course I highly recommend it.

Winnie Ngomba

Introduction to reading Financial Statements covers all the basics and is quite informative. Personally, it was an ideal refresher course for me with excellent visualization and summary content.

Susilo Prasojo

Very refreshing

Shahzad Javed

course is good

Bommanin Franck Aristide Gnonteme

i really had a great time studying this topic with CFI. The course objectives, notes and exercises where very engaging, interesting and passionating. thanks to this course and the good explanations from the lecturer I understand better what it means to actually read financial statements and I can easily read them now. Thanks, CFI. I look forward to taking more courses with you.

Daniel Orefuwa

The explanation of the deferred tax was Apt. Thank you

Divya Laddha

।

Divya sanu

It's very useful for accounting and finance carrier.

pratiksha varale

it is most informative and beautifull cource. thank you so much taking the knowledge in this cource.

Saif Ansari

I am fortunate to attend such informative and knowledgeable course provided by CFI it help to understand Financial statement of any Company very well and analyse deeply. Thanks

Aditya Rajesh

I would definitely recommend to opt this course!

Dzhonsulton Kargasova

Beginners' Guide to Financial Statement. This course will help you to read Balance Sheets, Income Statements, Cash Flow Statements in a small period of time. Very informative and great way to use you time for your own benefit.

Manchester Macgyver

Amazing content, it was totally worth my time and a little refresher wouldn't hurt. I will strongly recommend this to anyone who has no, to a little knowledge on accounting and finance.

Ayub Olanrewaju

I'm glad to take this course, it really helps and sincerely its impactful.

ABDULLA Al MAHMUD

Satisfied.

Rajeev Chowdhry

A very helpful and informative course that give a high level overview of the complex financial statements issued by major listed companies. It covers all the fundamentals required to read financials and also very good tests to help understand how and where to look for information on Annual Reports which include the Financial Statements.

Prutha Shah Shah

Very insightful

ABDULLAH .

I am really satisfied with this course. the topics were covered in full detail and were really interactive and informative. i would recommend everyone to take this course.

POOJA SINGH

This is a very informative course. Help me to enrich my knowledge. one should do this course who belongs to finance backgroung.

Altaf Ismail

The course in summary teaches financial accounting to non finance people with goods depths.

Maria Elkess Youssef Elhomy

this course is very efficiently and helpful, I want to thanks all team members who prepared this course

jinal solanki

it was amazing to learn this course

TEHETENA ABEBE

Its after this course that I really took the time and the knowledge to read my Company's Annual Financial Reports to my satisfaction.

Maximilian Seibel

So far, I have only done the prerequirements for the FMVA course. They are all very well-explained and provide a lot of insightful information in the topics a financial analyst should know. I am looking froward to dive deeper into the more advanced and elective courses.

Koustav Mukherjee

a good course . all the basics have been taught nicely.

Samuel Agbadzidah Yayra

Don’t miss out on this amazing opportunity to acquire the basic knowledge in Accounting

HASYEMI ALI YAFI

RFS IS THE BEST OF LEARNING ACCOUNTUNG. I'M REALLY APPRECIATED AND MOTIVATED TO JOIN THIS PLATFORM EVERYTIME

Efe Bakare

The course was explained thoroughly for understanding!

Beatrice Kariuki

...Work well done,precision was key to delivery.

AISHWARYA SUTAR

good to learn with you. thank you extremely helpful to us.

Wamundila Kabubi

The course is engaging and informative. Excellent delivery of the course contents.

Le Hong Truong

Very good course to help all business leaders to read financial statements

Jorge Da Silva

Having a basic knowledge gives you a good grasp of the content and gives more insights of how financial statements work.

Tirtha Raj Saha

They are just awsome. A huge chunk divided into portion with detailed explanation, highly recommended.

Ashwini V

A course designed to give an overview of the components in a financial statements for beginners. The exercises attached is useful

Jitesh Singh

Nice content and certificate

mohamed elsherif

Perfect instructor and contents

Maria Indriyanti

Good material and add insight

Fady Fathy

The course content is too very simple. Also too many little exercises in comparison to the 1st course.

Pulkit Gandhi

It was a nice learning

Shah afzal Raza

awsome corse for those who wants to know about financial statement and how to read ' and also i am giving 5 stats of this course

Megersa Hirpha

I would like thanks more, because i can get more knowledge and skills from your training and also i says thank very much

Kishore Srinivasan

Basics neatly explained! Kudos to CFI team

Balaji R

Please include more examples to understand the financial statements concepts

CA Priya Chaturvedi

A beneficial course to gain understanding of Financial Statements.

SHAHID JAMAL KHAN

get well knowledge and clear concept after doing that course excellent

CA Israil Ansari

Elaborated Course

Ricardo Samatelo Fernandez

This was my first free virtual financial course, and even than the concepts were well known for me, the methodology and sequence made me feel comfortable and involved from the beginning until the end; the examples and explanations well chosen.

Naresh Bambhaniya

Again thanks for sharing

Emad Alotainan

you have the option of instantly streaming the video. amazing series of lectures .

Olivia Li

This course provides an easy way of explaining what financial statements are consist of and the detailed items that can be included. Both videos and exercises are quick and interactive.

raju singh

this course is refreshing for me and very knowledgable

kunal Solanki

good

CA CISA(Certified) Pankaj Kumar Choudhary

Very good course for beginners and nice refresher for working professionals.

Lakshmiraj Muniraj

I was very much happy to start the course as I had got to learn many things from other courses from the Bundle. once after I started the course I was very much disappointed, the first reason being the instructor is very fast, where had to play the video 'n' number of times to listen and understand. second of all the course content, materials could have been much better. I have rated 2 stars for the effort, but not happy with the overall content. though it is not must try for FMVA professional, but I assume one must know to read the financial statements no matter what.

saikat chandra Debnath

I am very happy to complete course

Muhammad Azim

A very simple way to explain how to read a complicated public company financial statements. Thank you.

Diwakar R

I am studying financial course first time. Its useful

Jim Howard

I got a lot out of the course. My only criticism is that when I took the course the second time the segments advanced without my selecting them as I was working my way through the module. Is there a way to take the courses multiple times without having to change the check box for each segment to to reflect that it hasn't been taken?

Leena Palav

The text slide disappears too quickly once the audio is completed. There is no time to read and absorb. It can stay until the reader presses next. There is no value to keep going back to the screen with the list of the 60 different videos per chapter in order to press Next. The whole chapter can be just one sequence. Also your software does not work with Microsoft Edge

I Wayan Subagia

No Need to review because Easy to understand.

Gerald Mulongosha

It has given me a good insight in beginning the accounts course, I hope to take more lessons.

Nam Nguyen

Overall a very good pre-requisite and foundation course, however sections such as Deferred tax income could've been explained more thoroughly in terms of material flow and clear distinction between time/temporary difference and permanent difference to enhance comprehensibility.

Elaine Tor

Can't seem to link the answers properly. Got it right however due to system error, can't detect the puzzle to the correct answer.

WEALTH FRANCIS EFFIONG

During my MBA program, certain aspects were not clearly understood, which gave me less confidence & after much research, I came across CFI and I sincerely commend the Institute for coming up with a well defined method to reading and understanding the financial statements. The course content is outstanding and thoroughly planned with unique explanations and tests. The platform is easy to use & navigate, which makes learning interesting. My confidence has greatly increased in this areas and all thanks to Corporate Finance Institute. I recommend CFI to anyone who wants to build a career in finance. Great job CFI.

Nadjib Cherif

Thank you very much instructor and Corporate finance institute for this Course.

Anjoo Navalkar

A most recommended course on significance of Financial statements in a nutshell for non-finance professionals. Wonderful exercises and expalnation of key concepts.

Jacinta Njuguna

The course is very informative, I learnt a lot and the descriptions are very easy to understand.

Ayush Mangal

Good Overall

Bello, Olalekan Asodiq

This course has been an amazing and inspiring course to me because it has tremendously added value to my knowledge and make me gain confidence as regards reading, preparation and presentation of financial statements.

George Cracan

Excellent information, excellent documentation, excellent explanations for a beginner like me !

Syed Khurram Haider

EXCELLENT COURSE

Pha Pha Nguyen Ngoc

It is such a nice course to update my knowledge!!!

Ali Zahoor

Its is best for improve the skills, easy to understand. Great team work of CFI Regards Ali Zahoor

JOSEPH KIOKO

Very articulate and elaborate. Job well done by the instructors.

AIDA SHEROLLI

The course was very useful for me. It is well organized and gives u a lot of information regarding the financial statements.

Rizwan Karim

I would to thanks team CFI for providing such a great platform for Finance professionals to grow and take the next career step. I am very much satisfied with CFI's efforts.

Andriette le Grange

This course guides you where to look for information and how information can be used to make various decisions.

RAISA SALIM

good

CHRISTOS SEITANIDIS

Excellent! All the best! God bless!

Dr. Melina Reisenberg

I don't have a finance background, however work in a position requiring financial knowledge. I hoped this course would help me to really get my head around the ins and outs of financial statements...ant it simply hasn't. It gives an ok overview and can be seen as a starting point.

James Gwan

Speaks too fast and needs to explain in more detail! These are not not well prepared lectures at all!

James Rwagasana

I recommend any one to take this course.

Lúcio Carlos de Pinho Filho

It is an excellent course!

syed haider zaidi

A good course for Revision.

Bhushan Pathak

For anyone who does or does not know basics of a business financial statements, it is productive.

Marco Pelser

Very well layed out. Of course, when doing accounting the expense accounts for large companies can often be quite intricate. Having this understanding is so crucial to grasping how direct and indirect costs are allocated. There are so many things to note, and the basics are important. This course definitely takes the cake of all previous courses I've painfully endured. It's true that I have a lot of accounting working experience, but still believe that doing courses like these help refresh the mind and would be highly beneficial to anyone wanting a real-world understanding. Well done! It was simply great fun, and not without challenge, which is what I like. It requires work, and all adds up as you progress.

Christopher Pellicano

Excellent. Must take even though only a prerequisite.

Mariya Eldhose

YASH PALIWAL

Thank you CFI, this proves good learning platform for me.

John Adair

Finally, I understand the different parts of the 3 Key financial statements, and the notes of a company's financial report. Thank you. I highly recommend this course.

Jose Hernandez

It's extremely annoying that every bit is divided into 1-2 minute videos when they could be combined into a single one to cover related topics

OTIM DAVID

Not mention, Ireffer every to read and listen to these website

Natasha Gunn

Really enjoying the course. Information is presented in a clear and logical way. Resources are of high quality. Thanks for making this!

ANAND KHATWANI

this is a very good course to learn

wilfred agyei

The course content is great. However, the instructor was speeding which makes it difficult to follow through. The speed 0.5x is extremely slow while that of 1x is also really fast. Therefore I suggest you include a speed of 0.75x as well. Thanks

Camila Thais Higa Lopes

In this course you can review the basics! Very well done.

Maggie Lee

excellent course

Tushar Dev

I really appreciate to team CFI for making this course. I acquired so much of knowledge regarding Balance sheet and other financial statements. Thank you so much.

DEBOPAM GUHA

EXCELLENT CONTENT. MAYBE NEED A FEW MORE REAL LIFE EXAMPLES TO GET THE CANDIDATE MORE EXCITED

Aaron Christian

Very good course. Please cover annual report a bit more in detail if possible. The financial statements were explained very well. Thank You

ADARAMOYE FAITH

its a nice course.

Ankita Shirodkar

I have started with this course as I believe this would help in adding value to my resume. The course is very simplified and the inclusion of exercises helps a lot. Thank you

ali faramarzi

tnx cfi it was excellent

Mubarak Nasser Al Mansoori

Its amazing course

Balidir Ganerdene

good

Nay Zaw Soe

It is beneficial course to finance learners . I am on cloud nine to join CFI.

Saqib Siraj

Greetings! Good Day Awesome experience after having the certification. Regards, Saqib

Hart Chukwuemeka

The course was well presented and very explanatory, I will recommend that every student studying Accounting to take this course

Brenden K

Excellent 2-3 hour crash course over the basics of financial statements that companies issue and how to understand and interpret them. Well worth going over the material for a refresher on foundational material related to the financial analyst or business analyst job title. Does an excellent job at reviewing the annual report and what it includes.

Nkosingiphile Langa

This course is extremely beneficial, educating and fun altogether.

Kareem Salawudeen

it is key to understand that there are other information aside financial statements that helps in a full analysis of a company's performance

Mohamad Azhar Hashim

The course is really fantastic. The instructors presented the course in a simple yet effective manner.

Hamdy Ahmed Ahmed Mohamed

very useful information

Leon Petersen

Course was good, but assessment coursed confusion, for example unearned revenue can also be a non-current liability, particularly when projects/contracts are multi-year and/or when projects are delayed even though cash was received up front. The question was too vague and I thought there were 2 correct answers.

Abhishek Arora

It is fine. I love it. This course is absolutely fine.

Bikram Shah

Whatever is presenting over there, it was fantastic. It helps me a lot to recall about these financial statements.

Rebecca Benjamin

This course was very helpful to me and could get a certificate without any hassle. Recommended to all.

Diego Ríos Herrerías

I searched everywhere for the "Espresso's Annual Results Letter"; however, it didn't come as an attached file in the exercise nor it appeared in the Downloadable Files section for the current lesson.

Ayobami Olarinde

This course is very insightful.

ALOK KUMAR PANDEY

COURSE IS BEAUTIFULLY DESIGNED AND USER INTERFACE IS VERY EASY. GREAT JOB DONE BY THE CFI TEAM. FOUND THIS COURSE VERY USEFUL AND PRACTICAL. ONE MUST GO THROUGH THE COURSE IF INTERESTED IN A COMPANY FINANCE SYSTEM. THANK YOU

John Kombo

very good and enlighting but you should give more notes in pdf

collins osobase

Excellent

chintakayala Raviteja

it is such a great place to expose a students knowledge

JANA VODVARKOVA

GOOD PIECE!

rohit ladda

All the basics covered !...with perfect explaination!

OLUWAFEMI SOJI DANIEL

Great explanations

Dhananjay Kutwal

Very nice and detailed explanation

Ottice Sibiya

Informative program and well presented... Love it!

Rabikant Pandey

I found it so interesting and innovative .really I loved it

Rohit Raj

Good.

Patrick Irurhe

please help me because the course did not open

Ahmed Gamal Eldin Mohamed .

GOOD

Anne St. Clair

After having "Accounting Fundamentals", which was incredibly thorough and informative, this course is a real let-down. The slides from the presentation don't match the pdf-slides from the downloads and a lot of the explanations provided are insufficient. For example, the difference between authorized versus outstanding shares is written confusingly - on the slides it says that "Authorized shares are the total number of all shares that a company has to sell". What is meant by "has to sell"? Are businesses required to sell a certain amount? Looking this up on Google seems to provide a better explanation for this particular question, where multiple pages specify that Authorized Stock/Shares are the max number of shares that a business is legally ALLOWED to issue, not "has to" issue. The presentation of this class/course should be reviewed and adding a few more sentences onto the slides will help learners make sense of the material even after this class.

Md . Mokbul Hossain

very cheap and bad

KANNY SIBOZA

i'm happy thanks

karthikeyan k

Shafici Abdullahi Hirsi

I'm happy to be apart of this amazing course. I just wanna say thank you guys for giving us this amazing opportunity. Now I understand how to read financial statements.

Steven Kayitare

It is awesome I have mastered in these now.

Davide Carisi, MBA

I think that is a tough course, but at the same time it is very interesting.

Moses Abraham

I enjoyed every bit of it and i will take more courses under you programme

Paul D Stewart

Very high level introduction to Financial statements in US GAAP. Most of context is transferrable to IFRS international standards as the framework is very high level.

Tushar Khandare

Hi, This course help me to enhance my knowledge and covered good contents. Thank you...

Nishitha Vemuri

This course helped me to quickly brush up my knowledge on Financial statements. It would have been more useful if the explanation is related to schedule III statements.

OM PARKASH UPADHAYAY

This online course is very inspiration for professional who are in remote areas. it provide us very familiar refreshment knowledge for certification.

ngoni simon maiwasha

The course was so educative. It is more than a bachelor's degree covered within a short period of time. The lecturers explained the concepts clearly. The course material is related the course. Your course is excellent. My understanding of financial statements improved greatly.

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

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

Excellent course on reading financial statements at a beginners level.......well presented.

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!!!!

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.

Dennis Amponsah Baidoo

Great

Karan Bhadane

superb course , thank's for their initiative of such free online course

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!!!!!

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.

Aicen Auman

These videos are so informative.

Anwar Khan

It's really very helpful. The way of teaching is perfect and easy to understand. Thanks to you and your team k

Sulabh Chokhani

Text was good. Testability should be more stringent.

VINCENT TETTEH PERRY

THE PRESENTATION OF THE COURSE MATERIALS IS SUPERB.

Severin Haemmerl

Great overview and nice examples using real-world financial statements. Only the solutions of the exercises could be explained in more detail.

Matthew Johnson

Helpful in explaining the basic components of financial statements. Downloadable resources are very helpful.

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

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.

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

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.

tin aung

Great course!!

Kajal Poddar

Good !

Bienvenido Jesus B. Castro Jr., CPA, FMVA

Very helpful & informative, the method is very simple but it works well !!

peter kimera

This course has been of great value to me and it has enabled me to acquire more knowledge

Dr.Vijaya Venkateswari Krishnasamy

The Course was interesting and informative

Faysal Hossain

It is great to get such experience and helps

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.

Edwin Wangila

Great

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.

Elie Haddad

This course is so informative !

Swan Aung

Reading Financial Statements is very useful for those who are working in both the banking industry and business sectors.

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.

Frequently Asked Questions

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