Based on the best-selling book, Reading Financial Reports for Dummies, by Lita Epstein. Understanding financial reports is an essential skill for anyone involved in business, investing, or corporate decision-making. This course teaches you how to read and interpret balance sheets, income statements, cash flow statements, and annual reports so you can confidently assess a company’s financial health and performance.
In this section, we analyze financial statements using GAAP, prepare quarterly and annual reports, and interpret balance sheets, income statements, and cash flow statements to support informed decision-making and regulatory compliance.
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2 vidéos4 lectures1 devoir
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2 vidéos•Total 2 minutes
Course Overview•1 minute
Opening the Cornucopia of Reports - Overview Video•1 minute
Foundations of Financial Reporting and Accountability•10 minutes
Recognizing Business Types and Their Tax Rules
Module 2•1 heure à terminer
Détails du module
In this section, we examine how business structures like sole proprietorships, partnerships, LLCs, and S/C corporations affect tax obligations and financial reporting requirements, emphasizing compliance with federal, state, and local regulations through accurate form application and reporting practices.
Inclus
1 vidéo1 lecture1 devoir
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1 vidéo•Total 1 minute
Recognizing Business Types and Their Tax Rules - Overview Video•1 minute
1 lecture•Total 20 minutes
Recognizing Business Types and Their Tax Rules - The Reading•20 minutes
1 devoir•Total 10 minutes
Business Entity Tax Structures and Legal Protections•10 minutes
Public or Private: How Company Structure Affects The Books
Module 3•1 heure à terminer
Détails du module
In this section, we examine how private and public company structures influence financial reporting, focusing on Sarbanes-Oxley Act compliance, PCAOB oversight, and the regulatory demands of public disclosure.
Inclus
1 vidéo4 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Public or Private: How Company Structure Affects The Books - Overview Video•1 minute
4 lectures•Total 50 minutes
Introduction•10 minutes
Defining Disadvantages•10 minutes
Understanding Public Companies•20 minutes
Impact of the Establishment of the PCAOB•10 minutes
1 devoir•Total 10 minutes
Public vs Private Company Structures: Implications for Governance and Transparency•10 minutes
Digging into Accounting Basics
Module 4•1 heure à terminer
Détails du module
In this section, we learn cash-basis and accrual accounting, debits and credits, the Chart of Accounts, and how to assess gross, operating, and net profit.
Inclus
1 vidéo5 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Digging into Accounting Basics - Overview Video•1 minute
5 lectures•Total 50 minutes
Introduction•10 minutes
Incentives and the Bottom Line•10 minutes
Depreciation and Amortization•10 minutes
Cash Accounts•10 minutes
Equity Accounts•10 minutes
1 devoir•Total 10 minutes
Accounting Fundamentals: From Equations to Financial Reporting•10 minutes
Exploring the Anatomy of an Annual Report
Module 5•1 heure à terminer
Détails du module
In this section, we examine the core components of an annual report, focusing on financial statements, notes, MD&A, and the auditors' report, enabling accurate financial analysis and informed decision-making.
Inclus
1 vidéo5 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Exploring the Anatomy of an Annual Report - Overview Video•1 minute
5 lectures•Total 50 minutes
Introduction•10 minutes
Getting the Skinny from Management•10 minutes
Company Operations•10 minutes
Bringing the Auditors' Answers to Light•10 minutes
Specific Disclosures•10 minutes
1 devoir•Total 10 minutes
Decoding the Anatomy of an Annual Report•10 minutes
Balancing Assets against Liabilities and Equity
Module 6•1 heure à terminer
Détails du module
In this section, we explore the balance sheet's structure using the equation A = L + E, classify assets and liabilities, and analyze equity components to assess a company's financial health and stability in practical business contexts.
Inclus
1 vidéo4 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Balancing Assets against Liabilities and Equity - Overview Video•1 minute
4 lectures•Total 50 minutes
Introduction•20 minutes
Ogling Assets•10 minutes
Inventory Costing Methods•10 minutes
Tools, Dies, and Molds•10 minutes
1 devoir•Total 10 minutes
Analyzing Asset, Liability, and Equity Dynamics•10 minutes
Using the Income Statement
Module 7•1 heure à terminer
Détails du module
In this section, we analyze income statement components using EBITDA, calculate earnings per share from net profit, and determine gross profit using revenue and cost of goods sold (COGS) to assess business performance and support informed financial decisions.
Inclus
1 vidéo5 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Using the Income Statement - Overview Video•1 minute
5 lectures•Total 50 minutes
Introduction•10 minutes
Multistep Format•10 minutes
Volume Discounts•10 minutes
Acknowledging Expenses•10 minutes
EBITDA•10 minutes
1 devoir•Total 10 minutes
Analyzing Core Financial Performance Using the Income Statement•10 minutes
Statement of Cash Flows
Module 8•1 heure à terminer
Détails du module
In this section, we analyze the statement of cash flows to understand cash movements from operating, investing, and financing activities, using accrual adjustments to reveal true liquidity and support informed financial decision-making.
Inclus
1 vidéo4 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Statement of Cash Flows - Overview Video•1 minute
4 lectures•Total 35 minutes
Introduction•5 minutes
The Formats•10 minutes
Accounts Receivable•10 minutes
Buying Back Stock•10 minutes
1 devoir•Total 10 minutes
Cash Flow Statement Analysis and Application•10 minutes
Scouring the Notes to the Financial Statements
Module 9•1 heure à terminer
Détails du module
In this section, we analyze financial statement notes to interpret accounting policies, identify financial commitments, and detect red flags in pension and lease obligations, enhancing accurate financial assessment and informed decision-making.
Inclus
1 vidéo5 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Scouring the Notes to the Financial Statements - Overview Video•1 minute
5 lectures•Total 50 minutes
Introduction•10 minutes
Revenue•10 minutes
Short-term Debt•10 minutes
Pondering Pension and Retirement Benefits•10 minutes
Trade Sanctions•10 minutes
1 devoir•Total 10 minutes
Decoding Financial Statement Notes: Key Insights for Investors•10 minutes
Considering Consolidated Financial Statements
Module 10•1 heure à terminer
Détails du module
In this section, we analyze consolidated financial statements under IFRS, identify intercompany transactions, apply elimination rules, and evaluate goodwill's impact on post-acquisition financial reporting and performance assessment.
Inclus
1 vidéo4 lectures1 devoir
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Types of Corporate Mergers and Acquisitions•10 minutes
Elimination of Intercompany Transactions•10 minutes
Mergers and Acquisitions•5 minutes
1 devoir•Total 10 minutes
Consolidated Financial Statements: Key Concepts and Applications•10 minutes
Testing the Profits and Market Value
Module 11•1 heure à terminer
Détails du module
In this section, we analyze a company's profitability and market value using key financial ratios such as P/E ratio, dividend payout ratio, ROA, ROE, and profit margins. These metrics enable informed investment decisions based on earnings, dividends, and efficient resource utilization.
Inclus
1 vidéo4 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Testing the Profits and Market Value - Overview Video•1 minute
4 lectures•Total 45 minutes
Introduction•10 minutes
Practicing the P/E Ratio Calculation•10 minutes
Understanding Variation Among Ratios•5 minutes
The Dividend Payout Ratio•20 minutes
1 devoir•Total 10 minutes
Evaluating Company Performance and Market Value•10 minutes
Looking at Liquidity
Module 12•1 heure à terminer
Détails du module
In this section, we analyze a company's financial health by calculating liquidity ratios like the current and quick ratios, and evaluating leverage through debt-to-equity and debt-to-capital ratios using real balance sheet data.
Inclus
1 vidéo1 lecture1 devoir
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1 vidéo•Total 1 minute
Looking at Liquidity - Overview Video•1 minute
1 lecture•Total 20 minutes
Looking at Liquidity - The Reading•20 minutes
1 devoir•Total 10 minutes
Evaluating Financial Health Through Liquidity and Leverage Metrics•10 minutes
Making Sure the Company Has Cash to Carry On
Module 13•1 heure à terminer
Détails du module
In this section, we analyze cash flow from operations, calculate free cash flow, compute the cash return on sales ratio, and assess debt coverage to evaluate a company's solvency and long-term financial viability using real-world metrics.
Inclus
1 vidéo2 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Making Sure the Company Has Cash to Carry On - Overview Video•1 minute
2 lectures•Total 30 minutes
Introduction•10 minutes
Figuring Out Cash Return on Sales Ratio•20 minutes
1 devoir•Total 10 minutes
Evaluating Company Liquidity and Financial Health Through Cash Flow Metrics•10 minutes
Turning Up Clues in Turnover and Assets
Module 14•1 heure à terminer
Détails du module
In this section, we analyze asset management efficiency using turnover ratios: inventory turnover (COGS average inventory), fixed assets turnover (net sales fixed assets), and total asset turnover to assess operational performance and resource utilization.
Inclus
1 vidéo2 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Turning Up Clues in Turnover and Assets - Overview Video•1 minute
2 lectures•Total 30 minutes
Introduction•10 minutes
Tracking Inventory•20 minutes
1 devoir•Total 10 minutes
Analyzing Asset Efficiency and Inventory Metrics•10 minutes
Examining Cash Inflow and Outflow
Module 15•1 heure à terminer
Détails du module
In this section, we analyze cash flow health using key ratios such as accounts receivable turnover and accounts payable turnover. We evaluate discount offers by calculating annual interest rates to make informed payment decisions.
Inclus
1 vidéo1 lecture1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Examining Cash Inflow and Outflow - Overview Video•1 minute
1 lecture•Total 20 minutes
Examining Cash Inflow and Outflow - The Reading•20 minutes
1 devoir•Total 10 minutes
Evaluating Payment Terms and Cash Flow Implications•10 minutes
How Companies Keep the Cash Flowing
Module 16•1 heure à terminer
Détails du module
In this section, we explore practical cash flow strategies including accelerating receivables, delaying payables, reducing inventory, and using receivables securitization to maintain liquidity and support operational stability.
Inclus
1 vidéo2 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
How Companies Keep the Cash Flowing - Overview Video•1 minute
2 lectures•Total 20 minutes
Introduction•10 minutes
Borrowing on Receivables•10 minutes
1 devoir•Total 10 minutes
Optimizing Working Capital and Liquidity•10 minutes
How Companies Find Errors: The Auditing Process
Module 17•1 heure à terminer
Détails du module
In this section, we examine the auditing process, auditor roles, and the application of GAAP and FASB standards to ensure financial statement accuracy. We explore audit stages, including fieldwork and reporting, to enhance stakeholder trust in financial data.
Inclus
1 vidéo2 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
How Companies Find Errors: The Auditing Process - Overview Video•1 minute
2 lectures•Total 20 minutes
Introduction•10 minutes
Audit Report•10 minutes
1 devoir•Total 10 minutes
The Role and Integrity of the Auditing Process•10 minutes
Government Regulations and Reporting Requirements
Module 18•1 heure à terminer
Détails du module
In this section, we analyze SEC 10-Q and 10-K filings to assess financial accuracy, evaluate internal controls, and review board governance and insider ownership for informed investment decisions.
Inclus
1 vidéo4 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Government Regulations and Reporting Requirements - Overview Video•1 minute
4 lectures•Total 35 minutes
Introduction•10 minutes
Financial Data•5 minutes
Investigating Internal Controls•10 minutes
Temporary Suspension of Trading in the Company's Employee Benefit Plans•10 minutes
1 devoir•Total 10 minutes
Government Regulations and Financial Reporting Compliance•10 minutes
Creating a Global Financial Reporting Standard
Module 19•1 heure à terminer
Détails du module
In this section, we examine how IFRS enables consistent global financial reporting, enhancing transparency and comparability. We compare GAAP and IFRS, highlighting key differences in revenue recognition, asset valuation, and disclosures for multinational operations.
Inclus
1 vidéo3 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Creating a Global Financial Reporting Standard - Overview Video•1 minute
3 lectures•Total 30 minutes
Introduction•10 minutes
Who Benefits from a Global Standard and How?•10 minutes
Statement of Recognised Income and Expense (SoRIE)•10 minutes
1 devoir•Total 10 minutes
Comparative Analysis of IFRS and GAAP•10 minutes
Understanding the Analyst-Corporation Connection
Module 20•1 heure à terminer
Détails du module
In this section, we explore the roles of buy-side, sell-side, and independent analysts, and examine how bond and stock ratings influence market perceptions. We learn to interpret these ratings and assess analyst reports for actionable financial insights.
Inclus
1 vidéo4 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Understanding the Analyst-Corporation Connection - Overview Video•1 minute
4 lectures•Total 40 minutes
Introduction•10 minutes
Analyzing the Analysts•10 minutes
Regarding Bond-Rating Agencies•10 minutes
Delving into Stock Rating•10 minutes
1 devoir•Total 10 minutes
The Analyst-Corporation Relationship in Financial Markets•10 minutes
How Companies Communicate with Shareholders
Module 21•1 heure à terminer
Détails du module
In this section, we examine how companies communicate with shareholders through SEC filings, financial reports, analyst calls, and governance structures. Learners gain practical skills to interpret disclosures, assess board oversight, and make informed investment decisions based on corporate transparency.
Inclus
1 vidéo5 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
How Companies Communicate with Shareholders - Overview Video•1 minute
5 lectures•Total 50 minutes
Introduction•10 minutes
Takeover Defenses and Protections•10 minutes
Sorting through Reports•10 minutes
Culling Information from Analyst Calls•10 minutes
Revenue Growth•10 minutes
1 devoir•Total 10 minutes
Corporate Transparency and Shareholder Engagement•10 minutes
Keeping Score When Companies Play Games with Numbers
Module 22•2 heures à terminer
Détails du module
In this section, we examine deceptive accounting practices such as manipulated revenue recognition, inflated assets, and concealed liabilities. You'll learn to detect red flags like bill-and-hold transactions and abnormal receivables to ensure accurate financial analysis.
Inclus
1 vidéo8 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Keeping Score When Companies Play Games with Numbers - Overview Video•1 minute
8 lectures•Total 80 minutes
Introduction•10 minutes
Miscellaneous Cookie Jar Reserves•10 minutes
Extended Reporting Period•10 minutes
Detecting Creative Revenue Accounting•10 minutes
Exploring Exploitations of Expenses•10 minutes
Asset Impairment•10 minutes
Inventory•10 minutes
Contingent Liabilities•10 minutes
1 devoir•Total 10 minutes
Financial Reporting Integrity and Earnings Management•10 minutes
Ten Financial Scandals That Rocked the World
Module 23•1 heure à terminer
Détails du module
In this section, we examine major financial scandals to analyze fraudulent reporting, identify red flags, and evaluate the impact of SOX and Dodd-Frank reforms on enhancing transparency, accountability, and investor protection in financial markets.
Inclus
1 vidéo3 lectures1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Ten Financial Scandals That Rocked the World - Overview Video•1 minute
3 lectures•Total 30 minutes
Introduction•10 minutes
Adelphia•10 minutes
Bristol-Myers Squibb•10 minutes
1 devoir•Total 10 minutes
Ten Financial Scandals That Rocked the World•10 minutes
Ten Signs That a Company's in Trouble
Module 24•21 minutes à terminer
Détails du module
In this section, we analyze liquidity ratios, cash flow trends, and asset valuation to identify early warning signs in financial statements, enabling informed investment decisions through critical assessment of key financial metrics.
Inclus
1 vidéo1 lecture1 devoir
Afficher les informations sur le contenu du module
1 vidéo•Total 1 minute
Ten Signs That a Company's in Trouble - Overview Video•1 minute
1 lecture•Total 10 minutes
Ten Signs That a Company's in Trouble - The Reading•10 minutes
1 devoir•Total 10 minutes
Recognizing Early Warning Signs of Corporate Distress•10 minutes
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