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FINANCIAL MARKET COURSES

Understanding Financial Reports

Those without a financial background commonly misunderstand the reality of financial reports and tend to assume that they are statements of unquestionable fact. In practice, financial reports are very often subjective in nature in that they allow latitude to those who prepare them. Different accounting treatments allow companies to 'window dress' their financial performance, thereby portraying a healthier picture of their financial position and performance.

 

The focus of this course is to examine the primary financial statements in context with other sources of information and beyond the pure mechanics of their creation. Only with a rounded view of the spectrum of available information can an interested party make an informed view on a company.

  • OBJECTIVES

    On completion of this course, you will be able to:

    Identify some fundamental considerations underpinning the use of financial statements

    Recognize the significance of the notes to financial statements and other supplementary information

    Understand the value of analyst and industry reports

  • COURSE OUTLINE

    Topic 1: Interpreting the Basic Financial Statements

    Financial Statements

    o Balance Sheets

    o Income Statement

    o Cash Flow Statement

    Earnings Management

    Topic 2: Notes & Supplementary Information

    Key Areas

    Specific Reports

    o Notes to Financial Statements

    o Auditor’s Report

    o Management’s report

    o Annual Report

    Topic 3: Analyst Reports

    Company-Specific Reports

    Sectoral/Industry Reports

    Credit Risk/Rating Reports

  • PREREQUISITE KNOWLEDGE

  • ESTIMATED COMPLETED TIME

    60 Minutes

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