Financial Statement Analysis
You may be interested in our Equity Valuation course in London.
This programme is now available only on in-company basis. If you have a group of 3 or more we can deliver it in any location worldwide. Contact us to find out more.
Check here the list of our upcoming open public courses.
This 1 day class looks at the common techniques used in analysing company financial statements by both, the sell-side and buy-side analysts. The class aims to be very practical, giving you tools which can be easily applied in your work.
You will gain skills to analyse a set of financial statements in order to extract the vital information which will help you make meaningful comparisons and informative investment and management decisions. You will get a solid understanding of the financial ratios and get prepared to create your own set of statements.
Whilst not essential as it will be reviewed briefly, some proficiency with accounting will be helpful as well as familiarity with profit and loss and balance sheet statements.
What Will You Learn
By the end of this course you will:
Main Topics Covered During This Training
Who Should Attend
The class is suitable for anyone who wants to learn analysing real companies in order to conduct a research, give an advice or make investment decisions. It is also useful for people who are looking at internal monthly accounts and KPIs on regular basis.
- Accountant-speak vs analyst language
- Income measures: operating income, EBIT, EBITDA
- Operating and financial leverage
- Three different ways to view a balance sheet
- Balance sheet drivers
- Working capital requirement
- Consolidation/group accounting made easy – control vs ownership
- The many ways to calculate a return on investment
- Cash flow measures: operating cash flow, CapEx
- Direct vs Indirect cashflow statements
- Common ratios: margin, capital efficiency, leverage, returns, coverage
- Du Pont Analysis
- Understanding company’s operating and financial health
- Financial statement linkages
- Own credit
- Capital adequacy
17.00 Course ends
Spencer brings to the classroom 20 years of experience in finance, including 16 in banking and over 6 years working directly on equity and interest rates trading floors. He specialises in derivatives as well as accounting, valuation and modelling having developed these alongside UBS research and having professionally trained as a chartered accountant.
Spencer delivers training in a wide range of financial products and enjoys teaching complicated topics in an easy to understand way relating topics to day-to-day life. He has an entertaining and lively style – which has proven to be an effective delivery method and believes that teaching is something to be enjoyed rather than endured.
Spencer’s career has most recently included being the executive director of Financial Markets and Risk Education at UBS, a floor-based client trainer at Credit Suisse, a UBS Financial Markets Trainer, Exotics and Structured Products specialist (Equities and Rates) at UBS, Derivatives Products Controller at Nomura Options International and Auditor at Arthur Andersen.
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