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What will you learn?
#1 Best Selling Accounting Course on Udemy (Learn Finance and Accounting the Easy Way)!
Analyze and understand an income statement (even if you have no experience with income statements).
Analyze and understand a balance sheet (even if you have no experience with balance sheets).
Analyze and understand a cash flow statement (even if you have no experience with cash flow statements).
Understand and use modeling best practices so you can create financial models.
Know where to get data in order to build a financial model (in depth understanding of identifying and using/navigating the best free websites and sources to build your financial model)!
Create a financial model (projecting the future) for an income statement.
Create a financial model (projecting the future) for a balance sheet.
Create a financial model (projecting the future) for a cash flow statement.
Understand valuation best practices so you can create target prices based on your financial models.
How to use Discounted Cash Flow (DCF) and how to create the Weighted Average Cost of Capital and Terminal values in order to pick target prices.
How to use P/E in order to pick target prices.
How to use P/R in order to pick target prices.
Other valuation methodologies, including EV/Sales, EV/EBITDA, P/B, EV/FCF, etc.
Come up with a target price based on an average of several different valuation methodologies.
Analyze the total addressable market for a company you are doing research on.
Analyze financial statements using profitability ratios: Gross Margin (Cost of Goods Sold / Revenue), Operating Margin (EBITDA/ Revenue), Net Profit Margin (Net Income / Revenue), Return on Assets (Net Income / Assets) and Return on Equity (Net Income / Equity).
Analyze financial statements using debt and inventory formulas: Debt to Assets (Total Liabilities/ Total Assets), Debt to Equity (Total Liabilities/ Total Equity), Interest Coverage Ratio (EBITDA / Interest) and Inventory Days on Hand (Inventory / Cost of Good Sold) * 365.
Analyze and compare companies using the following formulas: Price / Earnings, PEG (P/E / Growth), Price / Revenue, EV/EBITDA, EV/Sales, Price/Free Cash Flow and Price / Book.
We will do an extremely in depth professional accounting, finance, modeling and valuation analysis of LinkedIn using the accounting and finance methodologies used in this course (you will also have many exercises to complete that will help you understand accounting, finance, valuation and modeling).
About the course
#1 Best Selling Accounting Course on Udemy (Learn Finance and Accounting the Easy Way)! ACCORDING TO BUSINESS INSIDER: "Haroun is one of the highest rated professors on Udemy, so you can expect to be in good hands through the course of your education." He is the author of the best selling business course on Udemy this year called 'An Entire MBA in 1 Course'
This course will help you understand accounting, finance, financial modeling and valuation from scratch (no prior accounting, finance, modeling or valuation experience is required).
After taking this course you will understand how to create, analyze and forecast an income statement, balance sheet and cash flow statement.
By the end of his course you will also know how to value companies using several different valuation methodologies that I have used during my Wall Street career so you can come up with target prices for the companies that you are analyzing.
By the end of this course you will also know how to analyze financial statements using many different financial ratios/formulas that I have used in my hedge fund, Goldman Sachs and venture capital career.
Lastly, I am teaching this course in a much more visual and entertaining way; I hope you enjoy the course as I always use an 'edutainment' and visualization teaching approach to make complex topics simple/easy to understand.
Please note that if you already signed up for my course called "Hedge and Mutual Fund Careers: The Complete Guide," some of the accounting and finance topics in this course were already covered in the Hedge and Mutual Fund Careers: The Complete Guide course.
Thanks
Program
Course Introduction
Outline and Roadmap for the Course
Thank You Message from Chris
Course Introduction & Who is this Course For?
This course is for:
- anyone interested in how accounting works (no prior accounting experience is needed).
- anyone interested in how finance works (no prior finance experience is needed).
- anyone interested in how modeling works (no prior modeling experience is needed).
- anyone interested in how valuation works (no prior valuation experience is needed).
- anyone interested in how financial ratios works (no prior financial ratios experience is needed).
Accounting Part 1 of 3: Income Statement Analysis
By the end of this section you will understand how to analyze an income statement which is crucial because you need to understand this concept in order to build financial models + pick target prices.
Why is the Income Statement Important & How Can It Help You Achieve Your Goals
Why is the income statement important and how can it help you achieve your goals? Once you understand the income statement, balance sheet and cash flow statements (all explained in this course), then we can move on to the modeling and then the valuation section of this course.
Income Statement Explanation
An explanation of the income statement (assumes you have no experience with this topic).
Income Statement Example and Analysis
An example of an income statement (attached is an excel version of this statement).
Income Statement Analysis Exercise
Please find attached the income statement exercise. The instructions for the exercise are listed on the first tab in the attached Excel spreadsheet. When you have completed the exercise, please watch the next lecture for an explanation of the answers. Thanks
Income Statement Analysis Exercise Answers Explanations
A discussion of the income statement exercise results.
Accounting Part 2 of 3: Balance Sheet Analysis
By the end of this section you will understand how to analyze a balance sheet which is crucial because you need to understand this concept in order to build financial models + pick target prices.
Why is the Balance Sheet Important & How Can It Help You Achieve Your Goals
Why is the balance sheet important & how can it help you achieve your goals? Once you understand the income statement, balance sheet and cash flow statements (all explained in this course), then we can move on to the modeling and then the valuation section of this course.
Balance Sheet Explanation
An explanation of the balance sheet (assumes you have no experience with this topic).
Requirements
- You don’t need to have any accounting or finance experience as we will cover all of the concepts from scratch. A requirement is that you have access to and a very basic understanding of how to use Microsoft Excel as we will use Microsoft Excel in the course as we will be analyzing and creating a Balance Sheet, Income Statement and Cash Flow Statement. We will also learn how to create the following from scratch using Microsoft Excel: financial models so we can come up with target prices using Discounted Cash Flow, the Weighted Average Cost of Capital, Price to Earnings, Price to Revenue, etc. – again all from scratch (assuming you have no or some accounting/finance knowledge).
Lecturers
Chris Haroun
Award Winning MBA Professor, Venture Capitalist and Author.
Platform
Udemy courses are suited to professional development. The platform is organized in such a way that it is experts themselves that decide the topic and when the course will start. All supporting documents are made available to you for lifetime access.
On this platform, you can find a course on about any subject, and that is no exaggeration – from a tutorial on how to ride a motorcycle, to managing the financial markets. The language and the course format are established by the teacher. This is why it is important to read the information about the course carefully before parting with any money.
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