Instructor: Steve Coughran, Founder of BYFIQ, CFO, Entrepreneur, and Expert in Strategy and Finance

Brief Description: "Understanding Financial Statements" is a detailed course designed to complement and expand upon the lessons covered in "Understanding the Language of Financial Statements." Led by Steve Coughran, this course targets business professionals, strategic decision-makers, and students, aiming to refine their analytical skills in interpreting and leveraging financial information. Participants will delve into the nuances of income statements, balance sheets, and cash flow statements, learning to extract and utilize critical financial data for strategic decision-making.

What You Will Learn:

• Comprehensive Financial Statement Analysis: Gain a thorough understanding of the core financial statements essential for any business environment.
• Advanced Interpretation Techniques: Learn to read and interpret intricate details within the income statement and balance sheet.
• Practical Financial Analysis Skills: Apply models, ratios, and computations such as EBITDA and free cash flow to real-world scenarios.
• Strategic Financial Assessment: Identify financial drivers and utilize these insights to influence business strategy and performance.

Course Outline:

Part 1: Introduction and Income Statement Analysis

• Course introduction and the importance of financial statements
• Detailed exploration and reading of the income statement
• Best practices in financial modeling and EBITDA computation

Part 2: Balance Sheet Insights

• Techniques for interpreting the balance sheet
• Common sizing and ratio usage to analyze financial health
• Extended cash and debt analysis methods

Part 3: Cash Flow Statement Mastery

• Uncovering and understanding the statement of cash flows
• Comprehensive analysis of cash inflows and outflows
• Exercises on calculating and interpreting free cash flow

Part 4: Synthesis and Application

• Integrating insights from all financial statements
• Practical exercise on the statement of cash flows
• Strategic next steps and how to apply this knowledge effectively

What's in it for You:

• Expert Guidance: Led by Steve Coughran, gain insights from a seasoned CFO to navigate complex financial landscapes.
• Skill Enhancement: Develop the ability to scrutinize financial statements through practical, hands-on exercises.
• Career Advancement: Enhance your professional toolkit with skills that are directly applicable to financial analysis, auditing, and strategic management.
• Strategic Application: Learn how to apply financial data insights to real-world business decisions and strategies.

This course is ideal for anyone seeking a deeper understanding of financial statements to enhance their strategic decision-making capabilities. It provides the analytical tools needed to dissect financial reports and turn them into actionable strategic insights.