How to Read a Balance Sheet (and the other statements)
What you need to know to understand company accounts
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How to Read a Balance Sheet is an ideal course for anyone wanting to understand a company's report and accounts. Whether you are
- an investor, seeking to make your fortune in the stock market but protect yourself against fraudsters, or
- a middle manager trying to climb the ladder to the boardroom, or
- a student, trying to make sense of all the jargon
when you have completed this course, you will understand the jargon, be able to tell the difference between a pension liability and a provision, and know whether a company is truly a quality business - profitable, high returns and cash generative.
The value of this course is it has been prepared by an experienced investment practitioner for the lay person. This course does not mention debts or credits, not once, we promise. You dont need to know how to prepare a set of accounts, you only need to be able to interpret them. You will emerge from this course confident that you can hold your own in any business or financial meeting. Your accountant will no longer be able to baffle you with jargon.
Learn more by visiting our information page or sign up here.
Your Instructor
Stephen (Steve) Clapham has 30 years of stockmarket experience as an equity analyst. He had a successful career as a highly rated sell-side analyst covering a number of sectors. He then moved to become a partner and head of research at two multi-billion hedge funds, based in London.
In 2018, Steve set up his training company, Behind the Balance Sheet, and hundreds of professional investors, regulators and corporate analysts have taken his Forensic Accounting Course. Some of the world's top institutions rely on Steve to help their top analysts improve their skills. That expertise is now available to you!
In 2020, Steve's first book, The Smart Money Method, How to Invest Like a Hedge Fund Pro, was published by Harriman House and immediately went to the number 1 slot in various Investing categories on Amazon in the UK and US. It has been enthusiastically received by investors, both professional and amateur.
Course Curriculum
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StartWelcome Video (2:13)
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StartResources - Introduction to Accounts for Analysts
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StartStructure of the Course (6:58)
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StartGlossary
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StartFirst Things First - How to Approach the Accounts (3:40)
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StartAudit Report (8:12)
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StartBalance Sheet - Fixed Assets (11:36)
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StartExercise - Fixed Assets
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StartExercise - Fixed Assets: Suggested SOLUTION
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StartBringing Operating Leases on Balance Sheet - IFRS 16 etc
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PreviewBalance Sheet - Goodwill (5:15)
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StartBalance Sheet - Other Long Term Assets (4:33)
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StartExercise - Intangibles
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StartExercise - Intangibles: Suggested SOLUTION
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StartBalance Sheet - Current Assets (12:24)
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StartBalance Sheet - Current Liabilities (5:17)
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StartBalance Sheet - Longer Term Liabilities: Pensions (3:27)
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StartExercise: Pensions
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StartExercise - Pensions: Suggested SOLUTION (3:14)
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StartBalance Sheet - Longer Term Liabilities (3:00)
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StartEquity and Other Comprehensive Income Statement (2:19)
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StartBalance Sheet Wrap-up (0:56)
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StartRelated Party Transactions (5:58)
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StartConcluding Video (0:40)
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StartWelcome Video (0:54)
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StartModule Introduction (0:45)
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StartP&L - Revenue (6:22)
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StartP&L - Gross Margin (2:52)
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StartExercise - Gross Margin
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StartExercise - Gross Margin: Suggested SOLUTION
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StartP&L - Expenses (5:31)
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StartP&L - Margins (2:56)
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StartExercise - Expenses and Margins
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StartExercise - Expenses and Margins: SOLUTION
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StartP&L - Interest (3:57)
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StartP&L - Other (2:37)
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StartP&L- non-GAAP (3:02)
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StartStock Based Compensation
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StartP&L - Wrap-up (0:46)
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StartConcluding Video (0:33)