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Analyst Academy
Welcome and Admin
Welcome Video (3:49)
Joining Instructions
Course Logistics Explained
Useful Resources
What's New
Requests
WEBINAR SCHEDULE
Module A1 - Getting Started
Introduction
Tenets of Benjamin Graham (3:41)
Value Investing (9:04)
Growth Investing (6:43)
Value vs Growth (6:26)
Great Investors (2:48)
Investment Books
Introduction Wrap-up
Homework 1
Introduction to Homework Section (1:44)
Introduction to Investment Philosophy Sections
Homework 1
Investment Philosophy 1
Module A2 - Introduction to Accounts I - Balance Sheet
1 Welcome Video (2:13)
2 Resources - Introduction to Accounts for Analysts
3 Structure of the Course (6:58)
4 First Things First - How to Approach the Accounts (3:40)
5 Audit Report (8:12)
6 Balance Sheet Introduction (3:49)
7 Balance Sheet - Fixed Assets (11:36)
8 Exercise - Fixed Assets
8A Exercise - Fixed Assets: Suggested SOLUTION
9 Operating Lease Capitalisation
10 Balance Sheet - Goodwill (5:15)
11 Balance Sheet - Other Long Term Assets (4:33)
12 Exercise - Intangibles
13 Exercise - Intangibles: Suggested SOLUTION
14 Balance Sheet - Current Assets (12:24)
15 Balance Sheet - Current Liabilities (5:17)
16 Balance Sheet - Longer Term Liabilities: Pensions (3:27)
17 Exercise: Pensions
18 Exercise - Pensions: Suggested SOLUTION (3:14)
19 Balance Sheet - Longer Term Liabilities (3:00)
20 Equity and Other Comprehensive Income Statement (2:19)
21 Balance Sheet Wrap-up (0:56)
22 Related Party Transactions (5:58)
23 Concluding Video (0:40)
Homework 2
Homework 2
Investment Philosophy 2
Module A3 Introduction to Accounts II - P&L
Welcome Video (0:54)
Module Introduction (0:45)
P&L - Revenue (6:22)
P&L - Gross Margin (2:52)
Exercise - Gross Margin
Exercise - Gross Margin: Suggested SOLUTION
P&L - Expenses (5:31)
P&L - Margins (2:56)
Exercise - Expenses and Margins
Exercise - Expenses and Margins: SOLUTION
P&L - Interest (3:57)
P&L - Other (2:37)
P&L- non-GAAP (3:02)
Stock Based Compensation
P&L - Wrap-up (0:46)
Concluding Video (0:33)
Homework 3
Homework 3
Investment Philosophy 3
Webinar Series: Module A - Accounts
Introduction to Webinars
Webinar 1 2/20C - Accounts Intro and Balance Sheet (80:40)
Webinar 1 6/20C - Accounts Intro and Balance Sheet (78:37)
Webinar 2 - P&L (100:01)
Webinar 3 - Cash Flow (90:00)
Webinar 4 - Accounting Policies (57:42)
Webinar 5 - Accounting Shenanigans (71:19)
Webinar 6 - Financial Ratios (104:20)
Webinar 13 - Intro for Feb '21 Cohort and Q&A (58:30)
Webinar 17 - Accounting Concepts re-explored (66:53)
Additional Webinars - Explanation
Webinar 31 - A First Look at Alphabet (68:03)
Webinar 32 - A look at Apple's Valuation (61:15)
Webinar 33 - AMA March 2022 (55:16)
Webinar 34 - Stock Pitch 1 April 10 2022 (83:35)
Webinar 35 - Stock Pitch 2 April 24 2022 (76:41)
Module A4 Introduction to Accounts III - Cash Flow
Welcome Video (1:01)
Introduction to the Cash Flow Statement (0:42)
Structure of Cash Flow Statement (2:37)
Operating Cash Flow - Ontex Example (6:06)
Exercise - Depreciation
Exercise - Depreciation: Suggested Solution
Cash from Investing (3:03)
Cash from Financing (4:05)
Buying Assets with Paper (4:38)
Amazon's Cash Flow - A Critical Review
Acquisitions in the Cash Flow - Worked Example (7:30)
Exercise - Cash Flow
Exercise - Cash Flow: Suggested Solution
Wrap up (0:53)
Concluding Video (1:05)
Homework 4
Homework 4
Investment Philosophy 4
Module A5 Introduction to Accounts - Accounting Policies
Welcome Video (1:15)
Introduction to Accounting Policies (4:28)
Accounting Policies 2 - Changes (16:38)
Accounting Policies 3 - FX Rates etc (5:15)
Accounting Policies 4 - Revenue Recognition etc (5:11)
Accounting Policies 5 - Other Issues and Materiality (2:18)
Accounting Policies 6 - APMs (2:06)
Accounting Policies 7 - Things to Watch Out For (1:26)
Accounting Policies 8 - Wrap-up (0:28)
Accounting Policies Exercise
Concluding Video (1:11)
Homework 5
Homework 5
Investment Philosophy 5
Module A6 Introduction to Accounts - Accounting Shenanigans
Welcome Video (0:50)
Introduction to Shenanigans (6:50)
Revenue Recognition Tricks (6:31)
Cash Flow Manipulation (4:20)
Tricks with Expenses (3:27)
Balance Sheet and Wrap-up (4:37)
Exercise - Samsonite
Exercise - Samsonite: Suggested Solution
Concluding Video (0:41)
Homework 6
Homework 6
Investment Philosophy 6
Module A7 - Financial Ratios
Welcome Video (0:59)
Resources
Introduction to Financial Ratios (2:19)
Approach to Ratios (3:52)
P&L Ratios (6:15)
Returns 1 - RoCE (6:33)
Returns 2 - ROIC (5:22)
Returns 3 - ROIC and CROCI (8:35)
Working Capital Ratios (2:00)
Liquidity Ratios (4:47)
Solvency Ratios (5:54)
Wrap-up on Ratios (0:51)
Exercise - Financial Ratios
Exercise - Financial Ratios: Solution
Concluding Video (0:32)
Homework 7
Homework 7
Philosophy 7
Module A8 - Introduction to Analysis
Welcome Video (1:03)
Introduction to Analysis, Ratios and Other Tools (1:41)
P&L - Internal and Revenue Analysis (2:51)
Gross and EBIT Margin Trends (4:17)
Margins vs Peers (4:49)
Adjusted Earnings (1:17)
Balance Sheet including Working Capital Ratios (5:11)
Returns (1:36)