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Managers in a sample of managers at companies with at least 150 employees took a simple financial literacy quiz and got an average of 38% of the questions right. How is that possible? There are varying reasons, but none of them are good. For those who have had limited exposure, or just a plain aversion to "the numbers", there is hope for becoming financially intelligent and increasing your credibility by speaking the language of business. This involves knowing the foundation of financials – getting back to basics.

This course offers basic yet essential information needed to improve your financial intelligence, complete with real stories about real companies. We'll cover the income statement, balance sheet, statement of cash flows, financial ratio classifications, cash vs. profit, and working capital strategies.

Learning Objectives

  • Identify the assumptions and estimates in an income statement
  • Discover key measures used to determine profitability of a company
  • Explore the ratios to see if your company is growing or declining
  • Identify the different sections of the financial statements
  • Discover if your company has enough money to invest and continue to grow
  • Explore the ratios to see if your company is using their resources effectively
  • Identify the four classifications of ratios
  • Discover the stories the financial statements are telling us
  • Explore the ratios to see your company’s trends
  • Identify the three key areas of working capital, and recognize how you can affect them
  • Discover how you can improve the cash flow at your company
  • Explore the variety of differences between cash and profit
Last updated/reviewed: November 24, 2019

33 Reviews (141 ratings)Reviews

5
Anonymous Author
The course covered the stated learning objectives. The examples used were helpful for understanding the concepts. Lots of storytelling to keep the listener engaged.
4
Anonymous Author
The information and presentation one of the best I have taken of the Illumeo courses. I would have rated this a 5 vs 4 if the questions regarding Apple's ratios were not questions or if information was provided to calculate the correct ratio in answer to the question. Lots of material presented one could not remember all the Apple ratios from the presentation to answer test questions.
5
Member's Profile
Great production! I wish all classes in this venue were like this. Already recommended class/instructor to non-CPA friend to help educate other board members to understand financial statements better.
4
Anonymous Author
Entertaining narrative + exercises. Even those who are already using financial racios will find interesting explanations about deeper meaning of financial information/ratios for the business.
3
Member's Profile
Good on the basics. I had hoped it would go more into analyzing financial ratios, trends and financial analysis. than it did. Good use of real-life examples. Good use of hands-on exercises.
5
Anonymous Author
This was a very interesting course. Well delivered and challenging enough to keep you interested. Loved the quality of the lectures and all the examples given. Kept my attention.
5
Anonymous Author
This was a great refresher about accounting and finance, the last two modules were especially helpful. Excellent presentation, very engaging. I would prefer more courses like this.
5
Member's Profile
Wow, what a refreshing change! Clearly a professional speaker and filmed in an engaging interview format. FYI...you will need your notes from the exercises to pass the test.
5
Member's Profile
Very interesting and remarkable presentation given in a clear and organised way. Presenter made it easy to understand ordinarily difficult concepts. I enjoyed the training!
2
Anonymous Author
Did not think the Apple questions were relevant or fair. Did not think the Apple questions were relevant or fair. Did not think the Apple questions were relevant or fair.
5
Member's Profile
Very good course. It was easy to listen to and gave great examples of the importance of understanding financial statements. Also great examples of the use of ratios.
4
Member's Profile
I like the presentation, but in order to help certain people's learning processes, there needs to be more graphics and hold them longer while the speaker is taslking.
5
Member's Profile
The instructor has an excellent teaching style which will resonate with non-financial professionals. Good "boot camp" for early stage finance professionals as well.
5
Member's Profile
Joe is engaging and is able to talk finance and accounting terminology to just about any audience. This webinar is great for the beginner and the intermediate.
5
Member's Profile
The best part about this course was the analytical side and looking at a real life example. Also, enjoyed the refresher course in these critical ratio's.
3
Anonymous Author
Too many questions on the exam pertaining Apple's financials (which weren't provided for the actual exam). I was not expecting to memorize the information.
5
Anonymous Author
Great refresher on terminology and real life examples that can be applicable at this moment. Well presented and slides were very helpful.
4
Anonymous Author
There was a lot of good information in this course. The supporting documentation was great and a definite keeper for future reference.
5
Member's Profile
Most engaging course I've taken on this site. Instructor does very well holding your attention and keeping it interesting.
4
Anonymous Author
helpful and very insightful for new to finance and accounting. The video is non-traditional, and feels like an interview.
5
Anonymous Author
Very good course - Joe is very engaging and makes the 3 hour course fly by. It is engaging for all experience levels
5
Member's Profile
Really enjoyed this course, a great refresher and thought the way the course was presented was fantastic.
5
Member's Profile
This course provided basics and provided great insights into video and slides. One of best courses yet.
5
Anonymous Author
Great course! One of my favorites taken. The speaker is very engaging, and a very skilled instructor.
5
Anonymous Author
Great overview of ratio's. Easy to follow materials with good explanations of why these matter.
4
Anonymous Author
Really good overall overview and a great refresher on a lot of item I haven't seen in a while.
5
Anonymous Author
For me it was the best Finance course - it is really good structured with real life examples.
5
Member's Profile
This has been my favorite course. The instructor was engaging and very informative.
5
Member's Profile
the course was an enjoyable review of methods used to analyze financial statement.
4
Member's Profile
Basic course, did not like the supporting materials as they were very general
5
Anonymous Author
Great class for beginners. He's easy to listen to and explains things well.
4
Member's Profile
Good course. I recommend all users to go through this course.
4
Anonymous Author
Great course with good ratios summary; good tools to use

Prerequisites

Course Complexity: Foundational

No Advanced Preparation or Prerequisites are required 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
  45:04Module One in Financial Intelligence: The Income Statement - Back to Basics Series Full Video
  35:11Module Two in Financial Intelligence: The Balance Sheet and Cash Flow Statements - Back to Basics Series Full Video
  32:39Module Three in Financial Intelligence: The 4 Financial Ratio Classifications - Back to Basics Series Full Video
  38:52Module Four in Financial Intelligence: Cash vs. Profit and Working Capital Strategies - Back to Basics Series Full Video
SUPPORTING MATERIALS
  ZIPFinancial Intelligence Combined Supporting Materials
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM