{"id":2660,"date":"2026-08-10T08:58:03","date_gmt":"2026-08-10T08:58:03","guid":{"rendered":"https:\/\/nokobox.com\/index.php\/item\/udemy-the-art-of-reading-financial-statements-practitioner-level-2023-3\/"},"modified":"2026-08-10T08:58:03","modified_gmt":"2026-08-10T08:58:03","slug":"udemy-the-art-of-reading-financial-statements-practitioner-level-2023-3","status":"publish","type":"digital_item","link":"https:\/\/nokobox.com\/index.php\/item\/udemy-the-art-of-reading-financial-statements-practitioner-level-2023-3\/","title":{"rendered":"Udemy \u2013 The Art of Reading Financial Statements \u2013 Practitioner Level 2023-3"},"content":{"rendered":"
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Description<\/span><\/h2>\n

The Art of Reading Financial Statements \u2013 Practitioner Level course. Financial statements seem complicated and long, reading them requires judgment and practice, people don\u2019t know where to start reading and what to look for, or people read financial statements linearly\/sequentially without being able to even understand the main elements. There are red flags associated with it. to the company. This course aims to teach you the main reading keys for reading, understanding and digesting financial statements and financial reports. As Warren Buffett put it, if you want to be a better investor, you need to know the language of business, which is accounting: \u201cYou need to know accounting and understand the nuances of accounting. It\u2019s the language of business, and it\u2019s an imperfect one, but unless you\u2019re willing to put in the effort to learn accounting\u2014how to read and interpret financial statements\u2014you really shouldn\u2019t be picking stocks yourself. I approached writing this course by looking at what I had missed from my teachers and professors in my corporate accounting and finance classes. This course uses a different approach to reading financial statements and is able to quickly understand the nature of the company being analyzed. After completing the course you will be able to:<\/span><\/p>\n

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  1. Identify and understand the accounting standards used by IFRS, US GAAP, or local GAAP<\/span><\/li>\n
  2. Distinguish between the 3 main types of financial statements (balance sheet, cash flow and profit and loss statement)<\/span><\/li>\n
  3. Know the basic principles of accounting such as going concern, fair valuation, precautionary principle, accrual versus cash accounting, etc.<\/span><\/li>\n
  4. Understanding and identifying the main elements of corporate governance, including corporate governance of 1 or 2 layer models, the role of shareholders and the board of directors<\/span><\/li>\n
  5. Understanding the role of the statutory auditor, the ability to recognize whether a report is audited or unaudited. In the event of an audit, identification of the statutory auditor, tenure of the statutory auditor, comments on the independence of the statutory auditor\/conflict of interest\/related fees and audit opinion.<\/span><\/li>\n
  6. Understand the scope of consolidation (and non-consolidation) of the reporting company and 4 ways how subsidiaries can (or cannot) be consolidated in financial statements.<\/span><\/li>\n
  7. Be able to analyze the balance sheet vertically and understand the main profitable assets as well as sources of capital on the balance sheet.<\/span><\/li>\n
  8. Identifying sources of capital including long-term debt and its related plan, long-term debt service cost including interest coverage ratio, source of equity capital including potential accumulated profit<\/span><\/li>\n
  9. Deep understanding of shareholder value creation by understanding ROIC and WACC<\/span><\/li>\n
  10. Understanding the profitability of the company by analyzing revenue segments (if any) and cash generating assets, understanding operating cash flow and working capital versus financing and investing cash flows<\/span><\/li>\n
  11. Be able to read earnings information including EPS, NOPAT, EBITDA, EBIT and net income<\/span><\/li>\n<\/ol>\n

    This course also includes lots of practical examples like all my courses. We will practice and discuss the financials of companies such as Kelloggs, Mercedes, Telefonica, 3M, Evergrande, Alphabet, Meta, Microsoft, Unilever, Wells Fargo, Wirecard, CostCo and many others. At the end of the tutorial, I will show you the complete process of how to read the financial statements of 3 companies (Vonovia, Qurate, Skywest Airlines) so that you can see exactly and hopefully understand the nature of the companies that are not. At first it is known to me. Last but not least, adult education without practice, knowledge checks and homework is just fun. For this reason, this course contains more than 10 assignments for you to practice as assignments and share them with me after completion for review if you wish. Become an investor, analyst or company professional. Thank you again for choosing my field<\/span><\/p>\n<\/div>\n

    What you will learn in The Art of Reading Financial Statements \u2013 Practitioner Level course<\/span><\/h3>\n
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