Financial Statement Analysis for Investment Decisions Training Course

Module 1: The Financial Reporting Environment

• Introduction to Financial Statements
• Users of Financial Statements
• Key Accounting Principles and Standards
• The Role of Auditors and Regulatory Bodies
• Practical session: Analyzing the structure and components of a real company's annual report.

Module 2: Analyzing the Income Statement

• Key Components of the Income Statement
• Understanding Revenue Recognition and Cost of Goods Sold
• Interpreting Operating and Non-Operating Income
• The Importance of Earnings Per Share (EPS)
• Practical session: Calculating and interpreting key income statement metrics for a company over a three-year period.

Module 3: Analyzing the Balance Sheet

• The Accounting Equation: Assets = Liabilities + Equity
• Classifying Current vs. Non-Current Assets and Liabilities
• Interpreting Shareholder's Equity
• Assessing Liquidity and Solvency
• Practical session: Performing a detailed balance sheet analysis to evaluate a company's financial structure.

Module 4: Analyzing the Cash Flow Statement

• The Three Sections: Operating, Investing, and Financing Activities
• Distinguishing between Cash and Accrual Accounting
• Identifying Sources and Uses of Cash
• The Importance of Free Cash Flow
• Practical session: Reconciling the net income to the operating cash flow for a sample company.

Module 5: Ratio Analysis and Financial Performance

• Profitability Ratios: Margins and Return on Equity (ROE)
• Liquidity Ratios: Current and Quick Ratios
• Solvency Ratios: Debt-to-Equity and Times Interest Earned
• Efficiency Ratios: Inventory Turnover and Receivables Turnover
• Practical session: Conducting a full ratio analysis of a company and comparing its performance to an industry benchmark.

Module 6: Forecasting Financial Statements

• The Importance of Forecasting in Investment Decisions
• Developing Revenue and Expense Assumptions
• Forecasting the Balance Sheet and Cash Flow Statement
• Building a Simple Three-Statement Financial Model
• Practical session: Creating a simple five-year forecast for a company's financial statements.

Module 7: Equity Valuation using Financial Statements

• Discounted Cash Flow (DCF) Valuation
• Comparable Company Analysis (Comps)
• Precedent Transaction Analysis
• Intrinsic Value vs. Market Value
• Practical session: Using a financial model to calculate the intrinsic value of a company's stock.

Module 8: Credit Analysis and Risk Assessment

• Assessing Creditworthiness of a Company
• The Five Cs of Credit: Character, Capacity, Capital, Collateral, Conditions
• Credit Ratios and Their Importance
• Assigning Credit Ratings
• Practical session: A case study on performing a credit analysis for a company seeking a loan.

Module 9: Accounting Quality and Earnings Management

• Identifying Red Flags in Financial Reports
• Common Techniques of Earnings Management
• Impact of Off-Balance Sheet Financing
• Assessing the Quality of a Company's Earnings
• Practical session: Spotting potential warning signs in the financial statements of a fictional company.

Module 10: Integrated Case Study and Investment Decision-Making

• Synthesizing All Analysis
• Developing an Investment Thesis
• Creating a Final Investment Recommendation
• Presenting and Defending the Decision
• Practical session: A final group project where participants analyze a company and present an investment recommendation to a mock board.

Requirements:

·       Participants should be reasonably proficient in English.

·       Applicants must live up to Phoenix Training Center admission criteria.

Terms and Conditions

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free

2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.

3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.

4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@phoenixtrainingcenter.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254725012095 / +254724452588

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.

2. Invoice: We can send a bill directly to you or your company.

3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

2. Participants may cancel attendance 14 days or more prior to the training commencement date.

3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@phoenixtrainingcenter.com

Accommodation and Airport Transfer

Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@phoenixtrainingcenter.com or on Tel: +254720272325 / +254725012095 / +254724452588