Financial Statement Analysis

This course takes a complete beginner from never having read a financial statement to confidently analyzing the income statement, balance sheet, and cash flow statement of a real company. You will work through the structure of each statement, the links that tie them together, common-size and trend analysis, the liquidity, leverage, profitability, and efficiency ratios that drive lending and investment decisions, the DuPont decomposition of return on equity, and the cash and earnings-quality checks that separate durable businesses from accounting illusions. Every module is built on worked examples, real line items, and the specific benchmarks an owner, lender, or investor uses to make a decision.