Financial Statement Analysis

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Course Description

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. 
 
Pre-requisite Knowledge
 
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: 

  • Have a solid understanding of the key financial ratios
  • Explore WCR Working Capital Requirement Analysis
  • Analyse cash flow measures
  • Conduct DuPont Analysis
  • Be able to extract vital information and analyse a set of financial statements
  • Gain tools to prepare your own financial statement

 

Main Topics Covered During This Training

  • Accountant-speak vs analyst language
  • Review of accounting and the structure of financial statements
  • Income measures: operating income, EBIT, EBITDA
  • Working capital requirement
  • Consolidation/group accounting made easy – control vs ownership
  • Cash flow measures: operating cash flow, capex
  • Direct vs Indirect cashflow statements
  • Common ratios: margin, capital efficiency, leverage, returns, coverage
  • DuPont Analysis
  • Understanding company’s operating and financial health
  • Financial statement linkages

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.

  • Analysts
  • Corporate Credit Function Staff
  • Financial Analysts
  • Credit Analysts
  • Equity Analysts
  • Investment Analysts
  • Credit Managers
  • Compliance Staff
  • Portfolio Managers
  • Risk Managers
  • Auditors
  • Investment Advisors
Register Now

In-Company, call us for more information

Delegates have to be from the same company and register at the same time in order to claim the discount.

Financial Statement Analysis - A 1 Day Course

08.45 Registration and Coffee 
 
09. 00 Introduction, financial statements and analyst language
 
  • Accountant-speak vs analyst language
  • Revenue-recognition 
 
10.30 Coffee break 
 
10.45 Profit and loss statements and operating ratios
 
  • Income measures: operating income, EBIT, EBITDA
  • Operating and financial leverage
 
12.30-13.30 Lunch Break 
 
13.30 Balance sheet statements, Working Capital Requirement (WCR) analysis
 
  • 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
 
15.00 Coffee Break 
 
15.15 Cashflow statements and bringing it all together with Du Pont analysis
 
  • 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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Financial Statement Analysis <p>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.&nbsp;</p> <div>You will gain skills to analyse a set of financial statements in order to extract the vital information which will help you make&nbsp;meaningful ... In-Company