Analysis of Financial Statements - Part 1

Pricing

Cost for BPP PD Members: £2020.00 + VAT : 18 CPD Hours
(£2020.00 + VAT for non BPP PD Members - Click here for details of our membership scheme.)

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Course level

Introductory

Delegates

This course will be of benefit to those who need to read, understand and analyse financial statements of corporates on a regular basis. New or recent recruits to the financial services industry, particularly within banking, stockbroking, equity sales and research, corporate finance, business valuation and fund management, will find the knowledge acquired invaluable. Those planning to attend our Contemporary Equity Analysis course will also find this course content valuable.

Course content

This three-day course aims to provide a thorough insight into the meaning and analysis of the financial statements of corporates. A basic knowledge of accounts formats and jargon is assumed.

Learning outcomes include obtaining a greater understanding of:

  • Accounting Fundamentals
    • Brief recap on the primary financial statements and fundamental accounting concepts
    • Accounting equation
    • Regulation
    • Format of published financial statements and contents ofpublished annual reports
  • The Analysis Framework
    • Profitability
    • Liquidity
    • Efficiency
    • Financial Risk
  • Performance Measurement
    • Structure of the Income Statement
    • Cost analysis
    • Key profitability measures
    • Adjusted profit and EBITDA
    • Segmental information
    • Continuing and discontinued activities
    • Investors ratios
  • Working Capital
    • Current assets and liabilities
    • Analysing a company's operating cash cycle
    • Calculating a company's 'financing gap'
    • Inventory/stock
    • Receivables/debtors
    • Payables/creditors
  • Cash Flow Statements
    • Elements of cashflow statements
    • Deriving the cash flow statement
    • Cash flow versus profit
    • Analysing cashflows
    • Free cash flow
  • Asset Backing - Tangible Assets
    • Property, plant and equipment
    • Depreciation
    • Disposals
    • Revaluations
    • Impairment
  • Intangible Assets
    • Goodwill
    • Amortisation and impairment
    • Other intangibles: brands, patents and licences
  • Research and Development Costs
    • Reporting as an asset versus deductible expense
    • Capitalisation criteria and financial statements analysis
  • Non Current Asset Investments
    • Equity investments
    • Financial assets
    • Investment property
  • Provisions
    • Profit smoothing
    • Restrictions on use
    • Contingent liabilities
  • Financing
    • Debt versus equity
    • Types of share and share issues
    • Share buy-backs
    • Basic debt finance
    • Analysis of financing structure
    • Debt service
  • Group Reporting Introduction
    • Consolidated results versus parent company interests in Joint venture and associated entities
  • Real company Case Study used throughout

Course Dates

Location Dates Time Availability  
London 11 - 13 Apr 2020 9:00 AM - 5:00 PM  Spaces Book Now
London 25 - 27 May 2020 9:00 AM - 5:00 PM  Spaces Book Now
London 06 - 08 Jul 2020 9:00 AM - 5:00 PM  Spaces Book Now
London 01 - 03 Aug 2020 9:00 AM - 5:00 PM  Spaces Book Now
London 12 - 14 Sep 2020 9:00 AM - 5:00 PM  Spaces Book Now
London 11 - 13 Oct 2020 9:00 AM - 5:00 PM  Spaces Book Now
London 07 - 09 Nov 2020 9:00 AM - 5:00 PM  Spaces Book Now
London 12 - 14 Dec 2020 9:00 AM - 5:00 PM  Spaces Book Now

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