Introduction to Financial Statements
In-house
This 2 day practical course is designed for professionals who need to read, understand and analyse financial statemetents on a regular basis.
The course objective is to explain the basic elements of a set of financial statements and how they are linked. Build around practical exercises and examples the training will enable delegates to construct a set of accounts from scratch.
New or recent recruits to the financial services industry, particularly within banking, equity sales and research, corporate finance, business valuation and fund management, will find the knowledge acquired invaluable.
You may be also interested in our Financial Modelling and Forecasting course.
Who Should Attend
New or recent recruits, or professionals who need to read and understand financial statements on regular basis from:
- Corporates
- Business Valuation
- Equity Sales & Research
- Fund Management
- Pension Funds
- Insurance
- Institutional Investors
Teaching Method
1. The content of this course is highly practical and build around case studies and computer-based exercises to equip you with the financial statement reading and calculating skill set on completion.
2. Small group (between 6-15 people) allows you to interact with the trainer and other participants and ask as many questions as you want.*
3. If required, you will receive some support after the course completion.
4. In order to help us establish your individual and business concerns, you will be asked to fill pre-course questionnaire.
5. You will benefit from comprehensive take away course documentation.
* We reserve the right to accept up to 20 people per class.
Because of the nature of the course the number of places is limited and will be filled on first come, first accepted basis. We advise to book in advance in order to avoid disappointment.
Delegates are requested to bring calculators.
Introduction to Financial Statements - A Two Day Programme
Accounting fundamentals
- The key accounting concepts
- The three key financial statements
- Balance sheet, income and cash flow statement
- The key linkages between statements
The balance sheet
- Currents assets
- Inventory
- Receivables
- Investments and cash
- Long term assets
- Tangible assets and depreciation
- Intangibles and amortisation
- Current and long term liabilities and provisions
- Equity capital and reserves
The income statement
- Revenue and operating costs
- Non recurring items
- Interest and tax
- Earnings measures
- EBIT(DA), basic and diluted EPS
The cash flow statement
- The structure of the cash flow statement
- Cash flow from operating, investing and financing
- Deriving cash flows using the indirect method
- Financial analysis, the key financial ratios
Mike Corless
The course director is a qualified chartered accountant who begun his career in Grant Thornton International and since 1986 worked in Ernst & Young as a senior manager in the corporate advisory team, working on major acquisitions, disposals, IPOs and insolvency/restructuring transactions.
In 1989 he joined Threadneedle Asset Management as an analyst, becoming a fund manager specialising in income funds in 1991. In 1996 he joined Scottish Widows Investment Partnership as a director in the UK Equity team, again specialising in income funds. On becoming head of UK Equities in 1998, he introduced a new investment process incorporating cash flow based corporate valuation techniques. In 2000 he was appointed head of UK Equities when Scottish Widows was acquired by Lloyds Bank and he led the integration of the UK Equity teams.
In 2001 he joined HSBC Asset Management as European Head of Equity Research, managing a team of analysts in Paris and London tasked with developing a new research team and research process.In 2004 he was appointed Global Head of Equity Research, responsible for 60 global equity research analysts and 40 global credit analysts. He developed a global valuation and research process, training local analysts in Europe, the US and Asia in its use.
In 2006 he joined BG Consulting Group, a professional training company, as the head of investment banking and investment management managing a team of 12 trainers. His experience at BG included managing major graduate programmes for investment banking and investment management clients, training graduate to managing director level participants and advising clients on their training requirements for accountancy, corporate finance and valuation, investment management and private wealth training.
His clients have included HSBC, Morgan Stanley, Deutsche Bank, Citigroup, Allen & Overy, JP Morgan, Barclays Bank, Barclays Wealth, Morgan Stanley Investment Management and Schroders.
In-house Training
If you have a team of 4 or more this course can be customised and organised in-house at your convenience. Contact one of our advisors to find out more.
Call us now on +44 (0) 207 993 8597
