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One of the most crucial skills for any manager to develop, financial or otherwise, is an ability to pick up and read a set of financial statements.  Financial statements tell important stories about how a business has performed, its level of financial strength, and the availability of cash generated.  Unfortunately, these stories are often not explicitly stated and require understanding and further analysis.

In this course, we work through a set of financial statements highlighting the key points of relevance.  We also learn about ratio analysis, which helps us generate a deeper level of insight into the financial results by making comparisons to prior periods and to peers.  This is a foundational course that will deepen your understanding of what the numbers mean. 

Learning Objectives

  • Discover how to analyze financial statements to evaluate profitability, operational performance, financial strength, and cash flow.
  • Discover how to use ratio analysis to evaluate financial performance against trends, prior performance, and industry statistics.
  • Discover how to work through a set of financial statements highlighting the key points of relevance
Last updated/reviewed: November 5, 2019

32 Reviews (142 ratings)Reviews

4
Anonymous Author
Cool presentation, some more text and giving this slides also as pdf to the audience would be helpful, even though the pdf with the ratios is very helpful (good summary)
3
Member's Profile
There was good information in the course. However, I have a background in preparing financial statements, so much of it was repetitive, explaining the basics of a PL versus a Balance Sheet. So I would zone out a bit and then realize there was something unique I wanted to hear and I'd try to tune in at that point. I guess I was looking for something just a bit different. The instructor is knowledgeable, and I appreciated that; but his little saying at the end of EVERY video was only mildly cute the first time - it got old. Otherwise, it really is a decent course and the PDF glossary is useful!
4
Anonymous Author
Like the way Blair Cook explained that ratios alone cannot explain how well a company is doing unless they benchmark them to other company or compared it to previous year's result. In fact, companies in different industries have different view on ratios.
4
Anonymous Author
This is a good review that covers a lot of material in a short amount of time. Enjoyed the strong presentation style. Due to the density of the content, this course may be intense for those with no prior exposure to financial statements.
4
Member's Profile
Good overview for anyone with limited exposure to financial statements and those that may not have been involved with analyzing or reviewing financial statements for some time. Fast pace, good information.
4
Anonymous Author
Good lesson with a lot of information to come away with, although I didn't feel like a pro at the end of the lesson. This is a lesson that needs a couple of views to be effective.
5
Member's Profile
Awesome job covering every aspect of analyzing financial statements. Especially enjoyed the last section analyzing a company investment prospects using the internet.
5
Anonymous Author
Intense for the time allotted. Especially for those who are not financial professional. Might want to break this course down into separate components of an hour each
5
Member's Profile
Great overview of how to ascertain the "story behind the numbers". Explained clearly by Mr. Cook and accompanied with very relevant and user-friendly visual aids.
4
Anonymous Author
Good course and good information, a bit long for the content covered, but I suppose that would be helpful for someone without a background in this sort of content
5
Member's Profile
Very good information. Would have like the material to be covered over an extended amount of time to allow time to analyze the statements along with instructor.
5
Member's Profile
I love Blair Cook's courses. I am in HR and not at all numbers oriented, yet I'm able to start with 0 knowledge and get 100% on the exams-GREAT instruction!
5
Member's Profile
This a very good course and covers a lot of material. The use of real financial statements provides a great visual reference for the calculations.
5
Member's Profile
A great course for revisiting financial ratios and analysis. It gives an insight on how to effectively comprehend financial statements in detail.
5
Member's Profile
I liked the course, that was a very useful from many points of view. I like a practical information from this course.
5
Member's Profile
This course was a helpful introduction to reading financial statements. The ratio discussion was quite helpful.
Anonymous Author
Informative in-depth walkthrough about how to interpret financial statements and key performance ratios.
5
Anonymous Author
Very informative and helpful to understand how to read the financial statements and analyze.
5
Member's Profile
Covers a lot in a short period. I appreciated the investor website overview the most.
4
Anonymous Author
Course is very well suited for the basics understanding of corporate financial marks.
5
Member's Profile
Good course! Moves through the information very quickly so make sure to take notes.
5
Anonymous Author
Passionate instructor and great real-world examples to make the concepts stick.
4
Anonymous Author
Decent overview of evaluating financials. Useful for non-accounting managers
5
Member's Profile
excellent overview for newer financial people or non financial folks .
5
Member's Profile
This is good course. I recommend to everybody to take this course.
5
Member's Profile
Great course! Very informative.
4
Anonymous Author
Good refresher and good detail.
4
Anonymous Author
great overview of financials
5
Member's Profile
Truly beneficial course.
4
Anonymous Author
Important refreshers
4
Anonymous Author
Good examples.
4
Anonymous Author
Good course.

Prerequisites

Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. 

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
Reading Financial Statements like a Pro
  7:13What's in a 10-K
  19:28Evaluating Profitability
  7:03Operational Analysis
  13:31Evaluating Financial Strength
  8:41Cash Flow Analysis
CONCLUSION
  14:31Financial Analysis Using The Internet
Continuous Play
  1:14:47Financial Literacy: Reading Financial Statements like a Pro
SUPPORTING MATERIALS
  PDFFinancial Literacy Glossary and Financial Ratio Reference Guide
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM