You will learn to read financial statements so that the figures make sense to you. We will show you how to interpret them correctly, link them to the company’s operations, and understand what they really reveal. You will gain a better understanding of the company’s performance and the ability to work with figures in the context of your day-to-day work.

Basics of financial analysis: what we can learn about a company from the figures

• What financial analysis allows us to find out about a company
• The difference between calculating indicators and interpreting them
• the importance of context and comparison (time, competition, industry)

Key financial analysis indicators

• Company profitability and performance
• Liquidity and ability to meet liabilities
• indebtedness and financial stability
• Key investor indicators
• What the individual indicators mean and how to interpret them

How to read financial statements in practice

• profit and loss statement, balance sheet and cash flow
• Key relationships between the individual statements
• Identifying trends and changes in company performance
• Common mistakes in interpretation

Introduction to fundamental analysis

• supplementing financial analysis with a broader view of the company
• quantitative vs. qualitative factors
• what influences a company’s value

Intrinsic value of a company

• What intrinsic value means
• A simple approach to estimating it
• The link between financial statements and company value

What you will take away from the training

• the ability to read financial statements without accounting knowledge
• an understanding of a company’s performance and stability
• interpretation of indicators in a practical context
• a basic grasp of fundamental analysis
• working with a simple Excel model to estimate intrinsic value