Global Learning for Operational Leaders
Course F04
Advanced Financial Analysis
This course brings together the key elements of financial statement analysis. It will enable participants to ask the right questions, see th... The outline covers Financial Statements and the Annual Report, Accounting co...
Introduction
Course overview
Why Attend
This course brings together the key elements of financial statement analysis. It will enable participants to ask the right questions, see the real risks facing businesses and investors, feel more confident in their ability to comment on business activities and performance, and analyze financial health for management. These skills and the required technical knowledge will be practiced throughout the course using interactive examples and case studies, putting theory and technique into context.
Course Methodology
The course uses a mix of interactive techniques, such as brief presentations by the consultant, group exercises, and real-life published financial statements analysis using Excel to apply knowledge acquired throughout the course.
Course Objectives
By the end of the course, participants will be able to:
- Explain the impact of accounting treatments and methodologies on financial statements
- Analyze the industry using Porter’s five forces model
- Apply financial ratios analysis in Excel and report recommendations
- Assess the quality of financial reports and reported earnings and cash flows
- Forecast financial statements based on the analysis of the historical performance of a company
Target Audience
Chief accountants, accounting managers, senior accountants, finance directors, finance managers, financial analysts, financial controllers, financial accounts managers, heads of finance departments, credit controllers, credit risk analysts, bankers, and relationship managers.
Target Competencies
- Interpreting financial statements
- Reading annual reports
- Financial analysis
- Credit analysis
- Financial forecasting and modeling
What you will achieve
Learning objectives
- Explain the impact of accounting treatments and methodologies on financial statements
- Analyze the industry using Porter’s five forces model
- Apply financial ratios analysis in Excel and report recommendations
- Assess the quality of financial reports and reported earnings and cash flows
- Forecast financial statements based on the analysis of the historical performance of a company
Who should attend
Target audience
- Chief accountants, accounting managers, senior accountants, finance directors, finance managers, financial analysts, financial controllers, financial accounts managers, heads of finance departments, credit controllers, credit risk analysts, bankers, and relationship managers.
- Target Competencies
- Interpreting financial statements
- Reading annual reports
- Financial analysis
- Credit analysis
- Financial forecasting and modeling
Methodology
Learning approach
- The course uses a mix of interactive techniques, such as brief presentations by the consultant, group exercises, and real-life published financial statements analysis using Excel to apply knowledge acquired throughout the course.
Course content
Course outline and key learning areas
Module 1
Financial Statements and the Annual Report
- Understanding the income statement, balance sheet, and cash flow statement
- Other comprehensive income components
Module 2
Accounting considerations in financial analysis
- Receivables and the Expected Credit Loss (ECL) provision
- Fixed assets accounting options: Cost vs. Fair Value models
- Accounting for capital expenditures and impairment
- Impact of lease accounting
- Various investment accounting considerations
- Accounting treatment of goodwill
- Content of the annual financial report
- Non-financial elements of the annual financial report
- Types of external audit opinions
- Management Discussion and Analysis (MD&A)
Module 3
Financial Ratios Analysis Using Excel
- Common size analysis to improve comparability
- Calculating trends and growth patterns
- Ratio analysis to assess key aspects of company performance:
- Profitability
- Liquidity
- Efficiency and working capital management
- Financing structure and risk
- DuPont analysis
- Altman Z-score to assess potential bankruptcy
- Using graphical representation
Module 4
Assessing the Quality of Financial Reports
- Quality of financial reporting vs. quality of earnings
- Framework for assessing a company's quality of financial reports
- Potential problems that affect the quality of financial reports
- Beneish model: M-score to describe the degree to which earnings are manipulated
- Evaluating the earnings quality of a company
- Evaluating the cash flow quality of a company
- Indicators of financial position quality
- Sources of information about risk
Module 5
Financial Forecasting Techniques for Analysts
- Revenue forecasting: Bottom-up versus top-down
- Forecasting cost of goods sold
- Forecasting fixed and variable costs
- Forecasting financial position accounts
- Working capital: accounts receivables, inventory, payables
- Fixed assets forecasting
- Retained earnings and dividend pay-out policy
- Modeling financial statements forecast
FAQ
Frequently asked questions
What does Advanced Financial Analysis (F04) cover?
This course covers Accounting and Finance through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 15 - 19 June 2026, with additional classroom dates and mirrored Online / Live options listed in the course schedules section.
Who should attend this course?
Chief accountants, accounting managers, senior accountants, finance directors, finance managers, financial analysts, financial controllers, financial accounts managers, heads of finance departments, credit controllers, credit risk analysts, bankers, and relationship managers., Target Competencies, Interpreting financial statements
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Yes. The course detail page includes both classroom sessions and Online / Live sessions, with online options aligned to the same course dates for easier planning.
Where are classroom sessions delivered?
Current classroom venues include London, Istanbul, Vienna, Barcelona, Paris, Frankfurt.
Still Have Questions?
Contact the academy team for course details, delivery options, and delegate guidance.
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