This is a zoom-in, zoom-out, connect-the-dots tour of Financial Statement Analysis
Let's parse that
- 'connect the dots': Financial Statement Analysis gets a bad rep because its hard to connect the nitty-gritty of the financial statements to the company as a whole. This course makes a serious effort to do exactly that.
- 'zoom in': Getting the details is very important in corporate finance - a small typo, or a minor misunderstanding can cost a company big. This course gets the details right where they are important.
- 'zoom out': Details are important, but not always. You probably don't care about the nitty gritty of accounting for contingent liabilities if you don't know what accounts payable are. This course knows when to switch to the big picture.
What's Covered:
- Corporate Finance Introduced: partnerships, proprietorships and the corporation
- The Agency Problem: How auditors, the board of directors and the capital markets regulator play a role
- Financial Statements: Balance Sheet, Income Statement, Statement of Comprehensive Income and Cash Flow Statement at exactly the right level of detail
- Ratios: Five important types of ratios: liquidity ratios, leverage ratios, turnover ratios, profitability ratios and valuation ratios
- Dupont's Identity: Return-on-equity can be decomposed into 3 elements: profits, asset-leanness and leverage.
- External Financing Needed (EFN) and the Sustainable Rate of Growth: How fast can a company grow if it chooses to forgo external funding? Every startup should know this, really.
- Common Accounting Shenanigans: The playbook of financial statement cheats has been studied by auditors and regulators - learn from history so you are not condemned to repeat it.
Case Studies:
Understanding a company entirely from its investor filings
- Facebook: Fast-growing and profitable, this is the dream stock right now.
- LinkedIn: Versatile, but struggling to break through - the jury seems out on LinkedIn
- Twitter: Bleeding red and slowing growth - Twitter seems to be in trouble.
Using discussion forums
Please use the discussion forums on this course to engage with other students and to help each other out. Unfortunately, much as we would like to, it is not possible for us at Loonycorn to respond to individual questions from students:-(
We're super small and self-funded with only 2 people developing technical video content. Our mission is to make high-quality courses available at super low prices.
The only way to keep our prices this low is to *NOT offer additional technical support over email or in-person*. The truth is, direct support is hugely expensive and just does not scale.
We understand that this is not ideal and that a lot of students might benefit from this additional support. Hiring resources for additional support would make our offering much more expensive, thus defeating our original purpose.
100% Off Udemy Coupon Code - https://www.udemy.com/corp-fin-101-fsa-ratios/?couponCode=OCTOBER_2017
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