Industry
Understanding & Analyzing Financial Statements
Course Cost US$1,198
Number of Hours to Complete Course: 12
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This course is part of an Online Certificate.
Course Focus
Financial statements are an important resource, providing key information to individuals across the firm. Managers inside and outside of finance refer to these reports when they need to assess the financial performance of their departments, their firms, and their competition.
Who Should Take this Course?
This course is necessary for all professionals who deal with financial reports and need to understand how to accurately interpret and use the data to improve efficiency and productivity for their department and organization.
Course Overview
This course covers how to interpret and analyze the three principal financial statements used to convey a firm's financial condition to its stakeholders and to the public. These statements are - the Balance Sheet, the Income Statement, and the Cash Flow Statement.
You will develop a solid understanding of the statements in Modules One through Four, and in Modules Five through Eight you will go on to evaluate financial performance by applying financial ratios. Specifically, you will evaluate asset management, assess short- and long-term solvency, assess profitability, and compute valuation.
By completing this course, you will acquire skills needed to assess the financial performance of your department and your entire organization – both over time and relative to competitors. Using ratio analysis, you will learn to identify areas of strong financial performance and those that need improvement. This skill will allow you to focus your attention appropriately and improve your own firms' overall financial performance.
Course Topics:
- Module 1 - Reading the Income Statement
- Module 2 - Reading the Balance Sheet
- Module 3 - Reading the Cash Flow Statement
- Module 4 - Other Financial Statements
- Module 5 - Asset Management Ratios
- Module 6 - Solvency and Capital Structure Ratios
- Module 7 - Profitability Ratios and Dupont Analysis
- Module 8 - Valuation Ratios
Faculty
- Steven Carvell, Ph.D., Associate Professor and Associate Dean for Academic Affairs, School of Hotel Administration, Cornell University
- Scott Gibson, Ph.D., Associate Professor, The College of William & Mary School of Business
Levels 
Course Format:
We take a problem-based approach to learning, and our courses are built around realistic case studies and scenarios. All courses are self-paced and are facilitated by an instructor who leads the online discussions and is available to answer specific questions about the course content.
This 12-hour course is comprised of two individual sub-courses which must be taken in sequential order. Each sub-course is designed to be completed within a 2-week period. Following the 2-week instructional period, you will have access to the course content for an additional month. The titles of the sub-courses are 1.) Understanding Financial Statements and 2.) Using Ratio Analysis to Evaluate Financial Performance. Please choose from the start dates below to begin the first sub-course, “Understanding Financial Statements”. An enrollment counselor will choose the next available start date (usually two weeks after the first date) for the second sub-course, “Using Ratio Analysis to Evaluate Financial Performance”.
Course sessions begin on Wednesdays.
Please choose from the following course start dates:
Course Code: DLP04ME07
Completion of this course qualifies for 1.2 Continuing Education Units (CEUs).
- 25 November 2009
- 09 December 2009
- 03 February 2010
- 17 February 2010
- 31 March 2010
- 14 April 2010
- 26 May 2010
- 09 June 2010
- 21 July 2010
- 04 August 2010
- 15 September 2010
- 29 September 2010
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