Financial Statement Analysis

This course is part of Intuit Academy Bookkeeping Professional Certificate

Instructor: Intuit Academy Team

50,821 already enrolled

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4 modules

Gain insight into a topic and learn the fundamentals.

4.6

(615 reviews)

Beginner level

Recommended experience

Flexible schedule

Approx. 18 hours

Learn at your own pace

84%

Most learners liked this course

4 modules

Gain insight into a topic and learn the fundamentals.

4.6

(615 reviews)

Beginner level

Recommended experience

Flexible schedule

Approx. 18 hours

Learn at your own pace

84%

Most learners liked this course

What you'll learn

Describe and illustrate the use of a bank reconciliation in controlling cash.
Outline the purpose of financial statements in relationship to decision making.
Describe basic financial statement analytical methods.
Apply quantitative skills to analyze business health.

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

17 assignments

Taught in English

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This course is part of the Intuit Academy Bookkeeping Professional Certificate

When you enroll in this course, you'll also be enrolled in this Professional Certificate.

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Gain a foundational understanding of a subject or tool
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There are 4 modules in this course

In the final course of this certificate, you will apply your skills towards financial statement analysis. If you have the foundational concepts of accounting under your belt, you are ready to put them into action in this course. Here, you will learn how to reconcile different types of accounts, check for accuracy, and troubleshoot errors. Additionally, you will practice how to apply different analytical methods to key financial statements and understand how these methods inform a variety of business decisions.

By the end of this course, you will be able to: -Describe and illustrate the use of a bank reconciliation in controlling cash -Outline the purpose of financial statements in relationship to decision making -Describe basic financial statement analytical methods -Apply quantitative skills to analyze business health Courses 1-3 in the Intuit Bookkeeping Professional Certificate, or the equivalent, are recommended prerequisites for this course.

In this module, you will be introduced to different liabilities and learn how to account for them. Additionally, you will learn how to work with the sales tax payable accounts.

What's included

25 videos1 reading4 assignments2 discussion prompts8 plugins

25 videosTotal 56 minutes

Welcome to Intuit Academy's Bookkeeping Program0 minutesPreview module
Welcome to Course 4: Financial Statement Analysis2 minutes
Introducing Financial Statement Analysis0 minutes
Bank Reconciliation0 minutes
Interpreting Financial Statements2 minutes
Preparing for an Interview0 minutes
Reconciliation Types and Processes3 minutes
Types of Reconciliation0 minutes
The Importance of Reconciliation3 minutes
Process of Reconciliation0 minutes
Let's Hear from an Expert1 minute
Bank Reconciliation Example3 minutes
Let's Hear from an Expert1 minute
Balance Sheet Approach2 minutes
Reconciliation Types and Processes Wrap Up0 minutes
Introducing Reconciliation Source Documentation Types1 minute
Source Documents and Their Importance4 minutes
Document Management3 minutes
Connecting Your Bank Account To QuickBooks Online 3 minutes
Lesson Summary and Wrap Up0 minutes
Introducing Report Reconciliations vs Transactional Reconciliations2 minutes
Report Reconciliation Method2 minutes
Transactional Reconciliation Method2 minutes
Reconciliations and QuickBooks Online8 minutes
Report Reconciliations vs Transactional Reconciliations Wrap0 minutes

1 readingTotal 5 minutes

Welcome Reading Financial Statement Analysis5 minutes

4 assignmentsTotal 80 minutes

Understanding Reconciliations Assessment60 minutes
Reconciliation Types and Processes Practice Quiz8 minutes
Reconciliation Source Documentation Types Practice Quiz6 minutes
Report Reconciliations vs Transactional Reconciliations Practice Quiz6 minutes

2 discussion promptsTotal 15 minutes

Researching Source Documents5 minutes
Discussing Source Documentation10 minutes

8 pluginsTotal 50 minutes

The Importance of Reconciliation5 minutes
Reflect on Your Skills5 minutes
Common Types of Reconciliation5 minutes
Troubleshooting Errors During Reconciliation5 minutes
You Try It: Bank Reconciliation10 minutes
Common Types of Source Documents5 minutes
Identifying Common Types of Source Documents10 minutes
Common Elements of a Source Document5 minutes

In this module, you will gain an understanding and apply knowledge of accounting for sales tax and payroll liabilities.

What's included

18 videos4 assignments2 discussion prompts10 plugins

18 videosTotal 26 minutes

Introducing the Income Statement1 minutePreview module
Income Statement Learning Objectives0 minutes
Pulling an Income Statement in QuickBooks Online1 minute
Let's Hear from an Expert1 minute
Percent Change Formula1 minute
Horizontal and Vertical Analysis1 minute
Let's Hear From an Expert!1 minute
Reading the Numbers for Clients3 minutes
Income Statement Wrap Up0 minutes
Introducing the Balance Sheet1 minute
Reading and Interpreting the Balance Sheet3 minutes
Balance Sheet Basics Review0 minutes
Interpreting the Balance Sheet Wrap Up0 minutes
Introducing Statement of Cash Flows1 minute
Understanding Cash Flow1 minute
Expert Advice: Cash flow4 minutes
Statement of Cash Flows in QuickBooks Online0 minutes
Statement of Cash Flows Wrap Up0 minutes

4 assignmentsTotal 64 minutes

Financial Statements Assessment40 minutes
Income Statement Practice Quiz10 minutes
Interpreting the Balance Sheet Practice Quiz6 minutes
Interpret the Statement of Cash Flows Practice Quiz8 minutes

2 discussion promptsTotal 20 minutes

Income Statement Discussion10 minutes
Balance Sheet Discussion10 minutes

10 pluginsTotal 130 minutes

Understanding P&L Statements15 minutes
You Try It! Using the Percent Change Formula15 minutes
Advantages of Vertical Analysis15 minutes
Balance Sheet Accounts5 minutes
Reading a Balance Sheet (Part 15 minutes
Explore the Statement of Cash Flows15 minutes
You Decide: Inflow or Outflow15 minutes
Take a Closer Look at Operating Activities15 minutes
Take a Closer Look at Investing Activities15 minutes
Take a Closer Look at Financing Activities15 minutes

In this module, you will learn how to work with different types of long-term liabilities and shareholders equity.

What's included

19 videos5 assignments5 discussion prompts10 plugins

19 videosTotal 52 minutes

Introducing Income Statement Analysis 2 minutesPreview module
Gross Profit Margin4 minutes
Operating Profit Margin4 minutes
Net Profit Margin3 minutes
Income Statement Analysis Wrap Up0 minutes
Introducing Balance Sheet Analysis2 minutes
Ratios Introduction and Current Ratio2 minutes
Debt to Equity Ratio1 minute
Importance of Debt to Equity Ratio4 minutes
What is a Good Ratio?1 minute
Accounts Payable Turnover Ratios2 minutes
Accounts Receivable Turnover Ratios3 minutes
Balance Sheet Analysis Wrap Up0 minutes
Introducing Cash Flow Analysis1 minute
Cash Flow Coverage Ratio3 minutes
Current Liability Coverage Ratio1 minute
Cash Flow Margin Ratio2 minutes
Cash Flow Analysis Wrap Up0 minutes
Introducing Business Performance Communication8 minutes

5 assignmentsTotal 66 minutes

Analyzing Key Reports and Transactions Assessment40 minutes
Income Statement Analysis Practice Quiz6 minutes
Balance Sheet Practice Quiz8 minutes
Cash Flow Practice Quiz6 minutes
Business Communications Practice Quiz6 minutes

5 discussion promptsTotal 30 minutes

Income Statement Discussion10 minutes
Industry Ratio Research Discussion5 minutes
Ratios Discussion5 minutes
Current Liability Coverage Ratio Discussion5 minutes
Cash Flow Analysis Discussion5 minutes

10 pluginsTotal 150 minutes

You Try It: What's Lou's Gross Profit Margin15 minutes
You Try It: Calculate Lou's Operating Profit Margin15 minutes
You Try It: Calculate Lou's Net Profit15 minutes
You Try It: Calculate Debt to Equity15 minutes
Industry Ratios15 minutes
You Try It: Calcuate the Cash Flow Margin Ratio15 minutes
Read the First Email15 minutes
Calculate Gross Margin15 minutes
Writing Effective Business Emails15 minutes
Read the Second Email15 minutes

In this final module for Course 4, you will apply your bookkeeping knowledge by working through common accounting scenarios that deal with liabilities, payroll, and equity.

What's included

16 videos2 readings4 assignments2 discussion prompts11 plugins

16 videosTotal 48 minutes

Introducing Reconciliations1 minutePreview module
Reconciliations Objectives0 minutes
Run a Report: Reconciliation0 minutes
Fixing a Reconciliation Error1 minute
Correcting an Error with a Single Journal Entry5 minutes
Reconciliations Wrap Up0 minutes
Introducing Workflow of Financial Statements2 minutes
How Information Flows Through Financial Statements5 minutes
Video: The Ripple Effect of Financial Transactions3 minutes
Video: The Financial Statement Puzzle7 minutes
Workflow of Financial Statements Wrap Up0 minutes
Introducing Analyzing Key Reports1 minute
Specific Reports7 minutes
Ratios1 minute
Ratio Examples8 minutes
Review of Analyzing Key Reports0 minutes

2 readingsTotal 70 minutes

Financial Statement Analysis Case Study60 minutes
Take the Intuit Academy Bookkeeping exam10 minutes

4 assignmentsTotal 52 minutes

Reconciliations and Financial Analysis Assessment30 minutes
Reconciliations Practice Quiz6 minutes
Workflow Practice Quiz10 minutes
Key Reports Practice Quiz6 minutes

2 discussion promptsTotal 10 minutes

Workflow Discussion5 minutes
Key Reports Discussion5 minutes

11 pluginsTotal 165 minutes

Reconciliation Refresh15 minutes
Source Documents15 minutes
Performing a Transactional Reconciliation (Part 1)15 minutes
Performing a Transactional Reconciliation (Part 2)15 minutes
Performing a Transactional Reconciliation (Part 3)15 minutes
Common Reconciliation Errors15 minutes
You Try It: See the Ripple Effect15 minutes
Reviewing the Financial Statements15 minutes
Report Review15 minutes
Additional Reports15 minutes
Additional Ratios15 minutes

Instructor

Instructor ratings

4.6 (203 ratings)

Intuit Academy Team

Intuit

4 Courses266,186 learners

Offered by

Intuit

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Learner reviews

4.6

615 reviews

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4 stars
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3 stars
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Reviewed on Sep 12, 2024

This is an exceptional course. I recommend it to anyone who wants to do bookkeeping as a career, or someone who is starting as an accountant.

Reviewed on May 11, 2024

I learned a lot more than I expected to about financial reporting, ratios, and reconciliation.

Reviewed on Dec 21, 2024

A quick overview of Financial Statement Analysis, presented in a fun digestible way. Only downfall is there could have been more excercizes to practice.

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Frequently asked questions

Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:

The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Certificate, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

If you subscribed, you get a 7-day free trial during which you can cancel at no penalty. After that, we don’t give refunds, but you can cancel your subscription at any time. See our full refund policy.

Financial Statement Analysis

What you'll learn

Skills you'll gain

Details to know

See how employees at top companies are mastering in-demand skills

Build your Business Essentials expertise

Earn a career certificate

There are 4 modules in this course

Understanding Reconciliations

What's included

How to Read Financial Statements

What's included

Analyzing Key Reports and Transactions

What's included

Application and Practice with Reconciliations and Financial Analysis

What's included

Instructor

Offered by

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Financial Statements

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Open new doors with Coursera Plus

Advance your career with an online degree

Join over 3,400 global companies that choose Coursera for Business

Frequently asked questions

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