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Course code: 000586
School of Business and Management
FIAC011 - Financial Statement Analysis and Accounting
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Currently, this course is conducted only in an intracorporate format.
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What this course about?

In today's dynamic financial landscape, the ability to accurately interpret and leverage financial data is crucial for business success. Our " Financial Statement Analysis and Accounting" program is meticulously designed to equip finance professionals with cutting-edge skills in financial analysis and accounting. This comprehensive course delves deep into the complexities of financial statements, offering insights into sophisticated analysis techniques and the latest industry practices.

The program begins with the "Foundations of Financial Analysis," a module that lays the groundwork for understanding the core principles of financial data analysis. Participants will explore the nuances of key financial statements, learn about the different sources of financial information, and understand the intricacies of financial cycles. This foundational knowledge is vital for anyone looking to excel in the field of financial analysis.

As the course progresses, participants will engage with advanced modules such as "Tools and Techniques for Financial Analysis," and "Deep Dive into Financial Statements." These sections are designed to enhance analytical skills through hands-on experiences with ratio and trend analysis, utilizing Excel for financial computations, and in-depth examinations of profitability, efficiency, and cash flow. This part of the course not only strengthens analytical acumen but also sharpens practical skills, essential for navigating today’s financial challenges.

Finally, the program culminates with forward-looking modules like "Capital and Investment Analysis" and "Risk Management and Corporate Sustainability." These segments address contemporary topics such as investment appraisal techniques, business valuation models, financial distress prediction, and the integration of corporate governance and ethics in financial reporting. By the end of the course, participants will not only have a thorough understanding of advanced financial statement analysis and accounting principles but also an appreciation of how these skills are applied in real-world scenarios, preparing them to be the financial leaders of tomorrow.

Who is this course for?
The "Financial Statement Analysis and Accounting" course is designed for a diverse range of professionals who seek to deepen their understanding and skills in financial analysis and accounting. This course is particularly beneficial for:
• Financial Analysts and Accountants: Professionals who are already working in the fields of finance and accounting will find this course immensely valuable in enhancing their analytical skills and understanding of advanced financial concepts.
• Business Managers and Executives: Managers and executives who need to interpret financial data to make informed business decisions will benefit from understanding how to analyze and apply financial information effectively.
• Entrepreneurs and Business Owners: Owners of small to medium-sized businesses who need to manage their finances and make strategic decisions based on financial data.
• Investment Professionals: Individuals working in investment banking, equity research, or portfolio management, who require a deep understanding of financial statements for investment analysis and decision-making.
• Auditors and Compliance Professionals: Those involved in auditing and compliance roles who need to understand the intricacies of financial statements for accurate reporting and regulatory adherence.
• Consultants in Finance and Strategy: Consultants who advise clients on financial strategies, business planning, and performance improvement.
• Corporate Finance and Treasury Personnel: Professionals working in corporate finance and treasury departments who deal with financial reporting, budgeting, and financial strategy.
This course is ideal for anyone who aims to have a strong grasp of financial analysis and accounting principles, whether for career advancement, effective business management, or informed investment decisions. The blend of theoretical and practical aspects makes it suitable for professionals seeking to apply financial insights in real-world contexts.
What will you learn?
  • Interpret and Analyze Financial Statements: Understand and dissect income statements, balance sheets, and cash flow statements, identifying key financial indicators and their implications for business health and performance
  • Perform Advanced Financial Analyses: Apply techniques like ratio analysis, trend analysis, and other financial tools to evaluate a company’s financial status and make informed decisions
  • Create and Utilize Financial Models: Develop and use financial models in Excel or similar software for forecasting, budgeting, and analyzing various financial scenarios
  • Assess Investment Opportunities and Risks: Evaluate potential investments, understand different financing options, and analyze associated risks, including market, credit, and operational risks
  • Understand Corporate Financial Strategies: Gain insights into how business decisions impact financial statements and learn to strategize for optimal financial performance and sustainability
  • Apply Critical Thinking in Financial Contexts: Use critical thinking and problem-solving skills to tackle complex financial challenges and make sound decisions based on financial data
  • Stay Updated on Financial Reporting Standards: Become familiar with the latest trends and standards in financial reporting, including international financial reporting standards (IFRS) and generally accepted accounting principles (GAAP)
  • Effectively Communicate Financial Insights: Articulate financial analysis and findings clearly and effectively to stakeholders, enabling data-driven decision-making within organizations
Courses in this discipline
Course outline
  • Purpose and Users of Financial Analysis
  • Key Financial Statements
  • Financial Data Sources and Types
  • Understanding Financial Cycles
  • Ratio and Trend Analysis
  • Graphical and Statistical Tools
  • Utilizing Excel for Financial Analysis
  • The Dupont System and Pyramids of Ratios
  • Analyzing Financial Statements
  • Understanding Profitability and Efficiency
  • Financial Structure Analysis
  • Cash Flow vs. Profit
  • Capital Structure and Financing
  • Investment Appraisal Techniques
  • Cost of Capital Models
  • Business Valuation Models
  • Predicting Financial Distress
  • Risk Analysis Techniques
  • Managing Financial Risk
  • Corporate Governance and Ethics
  • Overview of IFRS and GAAP
  • Key Differences in Financial Reporting
  • Impact of Reporting Standards on Financial Analysis
  • Practical Case Studies in IFRS vs. GAAP Reporting
  • Corporate Taxation Principles and Practices
  • Tax Implications on Financial Statements
  • Deferred Tax Assets and Liabilities
  • Tax Planning and Its Financial Statement Effects
  • Principles of Forensic Accounting
  • Techniques in Fraud Detection and Prevention
  • Role of Forensic Accounting in Financial Statement Analysis
  • Case Studies of Financial Frauds
  • Essentials of the Oil & Gas Sector
  • Current Challenges in Oil and Gas Industry
  • Oil and Gas Accounting Fundamentals
  • Reserves and Resources Definitions
  • Finance Roles in Oil & Gas
  • International Standards Compliance in Oil and Gas
  • Oil & Gas Sector Accounting Techniques
  • Cost Accounting in Oil & Gas
  • Asset Accounting and Impact in Oil & Gas
  • Revenue Accounting in Oil & Gas
  • Joint Ventures and Agreements in Oil & Gas Finance
  • Financial Statements Analysis in Oil & Gas
  • Ratio Analysis in Oil & Gas Sector
  • Profitability Analysis in Oil & Gas
Eni
Total
Eni
Endesa
Shell
Chevron
Gas Natural
Iberdrola
Eni
Inpex
Eni
Exonmobile

Training can take place in 4 formats:

  • Self-paced
  • Blended learning
  • Instructor-led online (webinar)
  • Instructor-led offline (classroom)

Description of training formats:

  • Self-paced learning or e-Learning means you can learn in your own time and control the amount of material to consume. There is no need to complete the assignments and take the courses at the same time as other learners.
  • Blended learning or "hybrid learning" means you can combine Self-paced learning or e-Learning with traditional instructor-led classroom or webinar activities. This approach requires physical presence of both teacher and student in physical or virtual (webinars) classrooms or workshops. Webinar is a seminar or presentation that takes place on the internet, allowing participants in different locations to see and hear the presenter, ask questions, and sometimes answer polls.
  • Instructor-led training, or ILT, means that the learning can be delivered in a lecture or classroom format, as an interactive workshop, as a demonstration under the supervision and control of qualified trainer or instructor with the opportunity for learners to practice, or even virtually, using video-conferencing tools.

When forming groups of students, special attention is paid to important criteria - the same level of knowledge and interests among all students of the course, in order to maintain stable group dynamics during training.

Group dynamics is the development of a group in time, which is caused by the interaction of participants with each other and external influence on the group. In other words, these are the stages that the training group goes through in the process of communicating with the coach and among themselves.

The optimal group size for different types of training:

  • Self-paced / E-learning: 1
  • Instructor-led off-line (classroom): 6 – 12
  • Instructor-led on-line (webinar): 6 – 12
  • Blended learning: 6 – 12
  • Workshop: 6 – 12
  • On-the-job: 2 – 4
  • Simulator: 1 – 2

Feedback in the form of assessments and recommendations is given to students during the course of training with the participation of an instructor and is saved in the course card and student profile.

In order to control the quality of the services provided, students can evaluate the quality and training programme. Forms of assessment of the quality of training differ for courses with the participation of an instructor and those that are held in a self-paced format.

For courses with an instructor, start and end dates are indicated. At the same time, it is important to pay attention to the deadlines for passing tests, exams and practical tasks. If the specified deadlines are missed, the student may not be allowed to complete the entire course programme.

A personal account is a space for storing your training preferences, test and exam results, grades on completed training, as well as your individual plan for professional and personal development.

Users of the personal account have access to articles and blogs in specialized areas, as well as the ability to rate the completed training and leave comments under the articles and blogs of our instructors and technical authors

Registered users of a personal account can have various roles, including the role of a student, instructor or content developer. However, for all roles, except for the student role, you will need to go through an additional verification procedure to confirm your qualifications.

Based on the results of training, students are issued a certificate of training. All training certificates fall into three main categories:

  • Certificate of Attendance - students who successfully completed the course but did not pass the tests and exams can apply for a certificate of attendance.
  • Certificate of Completion - students who have successfully completed a course could apply for a Certificate of Completion, this type of certificate is often required for compliance training.
  • Verified Certificate - it is a verified certificate that is issued when students have passed exams under the supervision of a dedicated proctor.

You can always download a copy of your training certificate in PDF format in your personal account.

You will still have access to the course after completing it, provided that your account is active and not compromised and Tecedu is still licensed for the course. So if you want to review specific content in the course after completing it, or do it all over again, you can easily do so. In rare cases, instructors may remove their courses from the Tecedu marketplace, or we may need to remove a course from the platform for legal reasons.

During the training, you may encounter various forms of testing and knowledge testing. The most common assessment methods are:

  • preliminary (base-line assessment) - to determine the current level of knowledge and adapt the personal curriculum
  • intermediate - to check the progress of learning
  • final - to complete training and final assessment of knowledge and skills, can be in the form of a project, testing or practical exam

Travel to the place of full-time training is not included in the cost of training. Accommodation during full-time studies can be included in the full board tuition fees.

While Tecedu is not an accredited institution, we offer skills-based courses taught by real experts in their field, and every approved, paid course features a certificate of completion or attendance to document your accomplishment.

You can preview samples of the training materials and review key information about the course on our website. You can also review feedback and recommendations from students who already completed this course.

We want you to be happy, so almost all purchased courses can be returned within 30 days. If you are not satisfied with the course, you can request a refund, provided the request complies with our return policy.

The 30-day money back policy allows students to receive quality teaching services with minimal risk, we must also protect our teachers from fraud and provide them with a reasonable payment schedule. Payments are sent to instructors after 30 days, so we will not process refund requests received after the refund period.

We reserve the right, in our sole discretion, to limit or deny refund requests in cases where we believe there is refund abuse, including but not limited to the following:

  • A significant portion of the course has been consumed or downloaded by a student before the refund was requested.
  • Multiple refunds have been requested by a student for the same course.
  • Excessive refunds have been requested by a student.
  • Users whose account is blocked or access to courses is disabled due to violation of our Terms and Conditions or the Rules of Trust and Security.
  • We do not grant refunds for any subscription services.
  • These refund restrictions will be enforced to the extent permitted by applicable law.

We accept most international credit and debit cards like Visa, MasterCard, American Express, JCB and Discover. Bank Transfers also may be an option.

Smart Virtual Classroom (open digital / virtual classroom).

Conducting classes is based on the fact that the teacher demonstrates text, drawings, graphics, presentations on an interactive board, while the content appears in the student's electronic notebook. A specially designed digital notepad and pen are used to create and edit text and images that can be redirected to any surface via a projector.

Classes are live streamed online, automatically recorded and published on the Learning Portal, allowing you to save them for reuse anytime, anywhere, on any mobile device. This makes it possible not to miss classes and keep up with classes and keep up with the passage of new material.

Game Based Learning (learning using a virtual game environment)

Real-life training uses the principles of game organization, which allows future professionals to rehearse and hone their skills in a virtual emergency. Learning as a game provides an opportunity to establish a connection between the learning activity and real life.

The technology provides the following learning opportunities:

  • Focused on the needs of the user
  • Instant feedback
  • Independent decision making and choice of actions
  • Better assimilation and memorization of the material
  • Adaptive pace of learning tailored to the individual needs of the student
  • Better transfer of skills learned in a learning situation to real conditions

Basic principles of training:

  • A gradual increase in the level of difficulty in the game;
  • Using a simplified version of a problem situation;
  • Action in a variable gaming environment;
  • The right choice is made through experimentation.

The main advantages of Game Based Learning technology:

  • Low degree of physical risk and liability
  • Motivation to learn while receiving positive emotions from the process;
  • Practice - mirroring the real situation
  • Timely feedback
  • Choice of different playing roles
  • Learning in collaboration
  • Developing your own behavior strategy
Laboratory workshops using remote access technologies

Conducting practical classes online using remote access technologies for presentations, multimedia solutions and virtual reality:

  • Laboratory workshops that simulate the operation of expensive bench equipment in real production
  • Virtual experiment, which is visually indistinguishable from a remote real experiment performed
  • Virtual instruments, which are an exact copy of real instruments
  • Mathematical modeling to clarify the physical characteristics, chemical content of the investigated object or phenomenon.
FIAC011 - Financial Statement Analysis and Accounting
Language: English, Russian
Level: Intermediate
mail@tecedu.org
+7 747 898 5041
+7 7182 901 933