Reading Financial Statements
Understand the financial strength of a company and help us to make informed decisions
Free preview
Corporate Finance Institute
Reading Financial Statements
Overview
Reading Financial Statements course
Learn how to read financial statements. In this 2-part free course, we use a company’s financial statements and annual report to understand the financial strength of a company and help us make informed decisions.
Reading & Understanding the Balance Sheet
In this first module, we learn how to read the balance sheet and its related notes using a company case study, Espresso Software. This will help us understand the financial strength of the company and help us make informed decisions. By the end of this module, you will have a solid understanding of the specific accounts in a typical balance sheet and the related notes to the financial statements.
- Navigate successfully through the notes to the financial statements.
- Read and interpret the various items in a published balance sheet.
- Understand complex balance sheet concepts (e.g. deferred taxes, goodwill, investments, etc.)
Reading & understanding the income statement and cash flow
In this second module of this free course, we continue reading Espresso Software’s financial statements. We look at the company’s income statement and statement of cash flows and conclude by covering the key contents of an annual report. By the end of this module, you will have a solid understanding of a typical income statement, statement of cash flows and annual report.
- Understand the different ways to present an income statement and cash flow statement.
- Read and interpret the various items in a published income statement.
- Identify the operating, financing, and investing activities of a company.
- Determine what is contained in an annual report and where to find it.
More about this free Financial Statements course
This accounting course is highly interactive with many different applied exercises and case studies. Sophisticated search and navigation tools allow you to go at your own pace while pop quizzes test what you have learned. The reading financial statements course also includes two PDF reference guides – a financial statements glossary and an accounting factsheet. These can be used while taking the course and downloaded to your computer for future reference.
Reading Financial Statements
Level 2
Approx 1.5h to complete
100% online and self-paced
What you'll learn
Lesson
Multimedia
Exams
Files
Introduction
Understanding the Balance Sheet
Session objectives
Three key financial statements
Balance sheet
Income statement
Statement of cash flows
Simplified balance sheet
Current vs non-current
Interactive exercise 1
Espresso Software balance sheet demonstration
Investments
Deferred income taxes
Goodwill
Intangible assets
Unearned revenue
Commitments
Contingencies
Interactive exercise 2
Common vs preferred shares
Authorized vs outstanding share capital
Contributed surplus
Other comprehensive income
Interactive exercise 3
Balance sheet component matching exercise
Statement of shareholders' equity
The full disclosure principle
Three key financial statement notes
Significant accounting policies
Direct information
Indirect information
Interactive exercise 4
Noteworthy exercise
Understanding the Income Statement and Cash Flow Statement
Session objectives
The three key financial statements
The income statement
Single step vs multi-step income statement
Cost of sales
Selling, general and administration
Gains and losses
Interactive exercise 5
Espresso Software income statement exercise
The cash flow statement
The cash flow activities
Operating activities
Investing activities
Financing activities
Direct method vs indirect method
Direct method
Indirect method
Key elements in a cash flow statement
Interactive exercise 6
Espresso Software cash flow statement exercise
The benefits of an annual report
Contents of an annual report
Management discussion and analysis
Expresso Software reporting challenge exercise
Summary
Qualified Assessment
Become a certified Financial Modeling & Valuation Analyst (FMVA)® Certification
Reading Financial Statements is part of the Financial Modeling & Valuation Analyst (FMVA)® certification, which includes 29 courses.
Financial Modeling & Valuation Analyst (FMVA)® Certification
- Skills learned Financial modeling and valuation, sensitivity analysis, strategy
- Career prep Investment banking and equity research, FP&A, corporate development
Path to certification
Prerequisite courses
7 courses from beginner to intermediate level.
01 OptionalCore courses
11 courses from beginner to intermediate level.
02 RequiredElective courses
11 courses at an advanced level.
03 RequiredGet Certified
Submit your FMVA® checklist and order your certificate.
04 Required Join our community
Get access to the Global Corporate Finance Society.
05 Optional How the certification works
FMVA® Financial Analyst Certification courses are offered 100% online, allowing you the flexibility to start the financial analyst program anytime and learn when it’s most convenient for you.
The program is a part of the All Access Subscription, which includes all programs and courses.
CFI courses are designed by instructors with over 21 years of financial analyst training experience.
Students must complete all core and elective courses (14 in total) and demonstrate mastery of the topics through successful completion of course materials, quizzes, and assessments.
Within 48 hours of program completion, your Blockchain Verified FMVA Certification will be emailed to you.
What our students say
Awesome Course
I enjoyed every bit of doing this course. Explanations are very simple yet very rich in content.
I enjoyed every bit of doing this course. Explanations are very simple yet very rich in content.
Boago Victor Ratshoswane
Reading Financial Statements completion review
It's a great course to get enrolled in to improve your financial knowledge. This course provides all the fundamentals related to the understanding of a financial statement. I think this will truly help me to improve my finance-related knowledge and information.
It's a great course to get enrolled in to improve your financial knowledge. This course provides all the fundamentals related to the understanding of a financial statement. I think this will truly help me to improve my finance-related knowledge and information.
Naman Agarwal
Reading Financial Statements Course
Thank you, CFI, for this opportunity. It helped me to be more confident in Reading financial information. All the best to you, and keep helping people like me who want to improve their knowledge
Thank you, CFI, for this opportunity. It helped me to be more confident in Reading financial information. All the best to you, and keep helping people like me who want to improve their knowledge
Dercio dos Santos António Luís Saide
I totally recommend this course
One of the best courses that I've ever had because of the huge amount of knowledge that I've gained from it.
One of the best courses that I've ever had because of the huge amount of knowledge that I've gained from it.
Mohammad Maher Alsabbagh
Excellent learning level
Samir ARDJANI
Very interactive course
Henry Mlinde
This is a very educative website with great courses. I was able to practically understand the information in the Financial Statement with tests to prove that. I had been in school for 4 years studying the theory of financial statements but wasn't really able to interpret a real-life financial statement. With Corporate Finance Institute, I was able to go through real-life financial statements and interpret them as well as the Notes and Annual Reports. I strongly recommend Corporate Finance Institute to any student or worker facing challenges in understanding Financial Statements.
Olivier Zoranu
Fascinating
Shahwar Ghalib
The course is quite interesting and informative. Provided a fair overview of financial statements and its analysis.
Priya Makkar
Covers all the key aspects and contents of the income statement, balance sheet and cash flow statement, as well as provides a deep dive into financial statement notes and management reports and discussion of an annual report.
Dans Jurcāns
This is good content even for beginners. It is precise and digestible.
Ntokozo Zo Moyo
The course did a great job of clearly presenting the contents of a set of financial statements and of an annual report. It provided basic examples to support the items presented. I recommend this course as a basic introduction or as a refresher in the skill of reading financial statements and reports.
Gerard Beck
This course, in parallel with the "Accounting Fundamentals", taught me how to read and interpret financial statements. The instructor was clear, and the information was detailed.
Dany Gebran
This course gives an insight into how to read the financial statements and annual report of a company. The course has given a precise explanation for the items appearing in the financial statements and also the fundamental information that appeared in the annual report. This is a must for those who want to understand the financial statements and annual report clearly.
MD Mozammel Hoque
This course very clearly elaborated on the importance of the Financial statements and how to read it. I have a greater understanding now.
Sarangan Venugopalan
The course enables a beginner to grasp financial concepts quickly. The course is self-paced so each person can learn at their convenience. Overall an enjoyable experience. A+++
Doyinsola Kazeem
I am honesty enjoying these courses. i feel like a professional already
Lebogang Monamesi
The course covered what I expected of it and more. The lectures were engaging and delivered in an easy-to-understand manner even if you've never read a financial statement before or are not too familiar with accounting terms. Great job!
Ajisebiolowo Samson
The course was delivered in a concise and relevant manner. Skills that I was lacking in were taught.
Macdonald Ossuetta
Perfect basic accounting knowledge. Good refresher with clear and accurate explanations.
Elaine Chaw
This course has made reading of financial statements very enlightening and rather interesting. It is a necessary tool to understand, especially if you have an interest in purchasing stocks or even owning your business. This course has been made so simple and easy that the lay person can understand it. Thank you.
Ava Thompson
Reading Financial Statements is a very good course. The instructions, notes, exercises and all around presentation are amazing and very helpful. Highly recommend.
Michael Nitto
nicely built with all the basic information as preparatory to build a strong foundation for the intermediate and advanced level.
Mickey Srivastav
This is the best way to learn and catch up with International standards in Finance and Accounting. As a Nigerian this is a wonderful experience for me. Great stuff guys.
Adeniyi Samuel
This course met my expectations and gave me thorough insights of the financial statements.
Manu Gupta
Reading Financial Statements is not a typical course where students are taught about how to prepare financial statements but how to present them. Its important to present and evaluate financial statements in a proper manner otherwise important managerial decisions cannot be formulated as it is difficult to derive financial ratios and cash flow analysis from an inappropriately prepared financial statement of a company. Financial Statements provide essential information to potential investors, customers and even candidates seeking a job in a company as companies operations are visible through the various accounts presented in a financial statement.
Biswadeep Ghosh
It was a very good decision in taking this course which is very informative and very helpful for all professionals who intend to extend their career paths thru financial analysts tracks.
Agabala Aleskerov
It was a worth investment to brush up my basic financial knowledge with this course for the upcoming FMVA course of FCI.
Rupom Hazarika
The course has made the complex simple. Scott is very effective in getting the knowledge across in a short time. It was indeed an excellent refresher and the practice materials were extremely relevant.
Ronnett Cummings Malcolm
The course contains data for all . It starts with very basic and gradually the level increases . A very good learning opportunity . I ll recommend this course to all the enthusiasts eager to make their career in finance.
Smriti Tomar
This course is good and covers almost all aspects. I recommend this course to accounting students.
Deepak Mittal
Even though I had no knowledge of the subjects, the instructor had explained in a clear and precise manner. Short and sweet. Right to the point. Awesome job !!!!
kelvin ahn
Very informative and understandable
Joshua Marcius
Its a good basic course for accountancy students or it can be viewed as a good refresher course for accountants.
Muhammad Faizan
This course covers everything you are going to need to know about the financial statements perfectly. Also it is very engaging the way this course is mapped out. Truly loved it!
Sara Vázquez Rico
i would strongly suggest CFI to tie up with top business universities and business schools so that the certifications gets recognized. The level of the course programs are so very professional. The instructor is a cherry on the top, he makes things so simple to understand.
Protim Changkakoti
An excellent course to gain insight of the company's financial position. A course with substantial depth for investors seeking to get returns on investment. Moreover, a good course for finance beginners.
Mohammad Haroon Zubair
CFI makes accounting practical and real. Without prior knowledge in accounting, the practicality of the module will help you grasp the basic understanding of accounting. Thank you CFI
Isaac Kofi Mensah
Thank u CFI for the course. I have learned a lot and it definitely cleared my all the concepts and will enroll in other courses as well . I hope the other courses are also covered all the things and concepts which a student is looking for.
Mehreen Arsal
I love this course and very useful to all accounting students
Yewande Oludimu
Clearly, easy and important to know this. But maybe should addition of modules
Ghina Widya Ningsih
The Course content is explained in a very simple language and it has really made my concepts clear. Must go for this course if you want a good knowledge about basic financial statements.
Priya Taneja
This course will impart all the necessary skills needed to ace that finance interview .
Ken Gachoki Njuguna
Quite an informative and fruitful course. I would definitely recommend this course to all finance enthusiasts! Every financial statement has a story to tell.
Saiyam Hota
A must do prerequisite course which helps to strengthen the fundamentals of reading the financial statements.
Abhishek Kumar
Very beneficial for all financial statements and for students like ca ca cma.
Prachi Arya
Very good for both commerce and non commerce students
kadri srinivas
This was great going through each section concerning financial statements.
Don Ussery
it gives you the basic understanding about the reading financial statements:
- income statement
- balance sheet
- Cash flow statement
Noura Alsugaih
The course was very easy to understand and thorough. The interactive exercises helped alot to understand the fundamentals
Kavya Krishna Murthy
good
Veena Khandagley
Good course for those who are beginners and wants to know about the terms used in financial statements
Siddharth Mehrotra
As I am running through this course, it is really easy to understand and video work rather than reading makes things so much easier to digest.
Korey Cook
The course trying to deliver their best to a student in a simple way. especially for a beginner. It is recommended if you could add more area of Income statement, it would be more grateful. Thank you;
Ansar CP
This course is impressive for a couple of reasons: the materials are well prepared, the quality of videos is great and the instructor voice is clear and has a simple way of delivering the information.
Ahmed Mohamed Ahmed Abolfotoh Ramadan
GOOD FOR READING FINANCIAL PERFORMANCE
Akash Bhandari
The course has given me a great recap on reading the Financial statements
DONALD KALEGELE
love it
David Matthews
I have studied the course and it is well done.
Wayne Sakwah
I did the course in about 3 hours. It was easy to follow through and very practical. I would highly recommend it to anyone interested in learning more about finance and or investments/investing.
Gaye-Leon Williams
This is a course i will recommend for a financial accountant as a refresher training. So engaging and well-packaged analysis .
OMOLARA ADEWOLE
It really helps me
Shiza baig
Very interesting and intuitive course which will really help in the future !
Thank you so much
Romaric Christian Tuwindpulongo Yougbaré
It's good Course to get an basic understanding of FS
Vinay Gupta
This course is exactly what i was looking for. The explanation is so clear and easily understood.
Maneeza Hasan
Well, I am indeed overwhelmed by what i was thought in this course. I am an accountant but what I have learned during this course was so wonderful. I can boost of analyzing financial statements given to me . This course has made men more prepared for my CPA Exams.
Alvin k. Johnson
Content is helpful in understanding the terminology and for basics. Thank you
Marchetty Pavan Sai
This is my second time finishing a course here and all I can say is that CFI really helped me to understand a lot of things related to Accounting. I am very much happy knowing that I will be taking ABM as my SHS strand. All of my learnings in here will serve as a guide as I pave my way through Accountancy. Thank you for the free courses, CFI:)
Shiela Anne Gaerlan
complex course presented in a lucid manner
Md Mobashir Alam
very valuable course
Ahmed Said Khafagy
Everything is good but the problem is that when giving exams we dont get to know which answer is correct and which is not which takes a lot of time.
Aditi Bhadani
Loved it ❤️
Nikhil Kumar Saini
Good
Swetha Manne
Very helpful course
Ridhima Arora
This course helped me in my financial skills and I really recommend it to other users... Thanks CFI
moses osekita
The course is really good.
Srishti Goyal
it is a good course to learn and read the financial statements like Balance sheet, Income Statement and Cash flow statement. it also helps us to know the various content of financials statement like contingencies, commitments, accured liability , deferred Income tax Payable etc.
Vicky Shah
I find this course excellent.I revised all my concepts of FS.
Chauhan Arpit
This course not just helped me in revising my financial statements concepts but also enhanced my knowledge.
Hasan Ahmed
Can be made more Analytical.
Saurabh Salgia Jain
I did this as a refresher and found it very helpful.
Amparo Masson
IT IS A VERY INFORMATIVE COURSE. IT IS ESSENTIAL FOR BEGINNER.
SOUGATA DAS
The course was very wonderful
Maram Alshareef
it is very good course
thank all the group work on this
ALANOUD ALNUNAN
This course provides sufficient introductory insight into any existing or budding finance professional at all levels.
Ronaldo Taylor
Good
Ketan Kamble
Explained each thing in a brief way, at the same time in a clear way.
Richa Nigam
I have learnt many more things from this Course before training my junior fellow(s).
Muhammad Aftab Uddin Bhuiyan
I have learnd all about how to read financial statement. And now i am very confident about this. This learning is very useful for me. And the way you teach is very good. All the videos and text notes are very well explained. Test between study is very useful to check what you have learned. Videos are not too long neither too short. I am very satisfied after completing this course. You can also get certificate after course completion after giving test, that too will be not so hard. Thank you.
gangesh kumar
This course is excellent, informative, engaging and interactive. Basics of Financial Statements are covered in detail.
Nikhil Deshmukh
This course was very informative and designed in such a way that it is easy to grasp. I love all the practical examples and videos. The interactive assessments are useful in testing one's knowledge of the materials. Thank you!
Annalize Swartz
Very nice course. This course gives basic information about financial statements which is helpful to understand in detail about financial statements
Rutuja Zagade
I learnt three key financial statement which are profit & loss account, statement of financial position &statement of cash flow. I have always wanted to know difference between accounting income and taxable income which I have learnt from this course.
Omoshewa Adebisi
This course was so helpful and enlightening!
Emilia Abia
This is my first course with CFI and this course is bodacious. I personally feel that I have invested a valuable time by selecting this course. All the topics are widely covered and understandable as the topics are clearly itemized with important key words.
Souhityo Gupta
Nice initiative
Rhythm Arora
This course is amazing for the ones who needed to learn more about the Company's performance and Financial Statement analysis. I will definitely recommend this to give it a try.
Mahima Sonalkar
The content of the financial statement is in detail and good for this level.
Isaac Anowuo
The course summarised an understanding of all the components within each of the three financial statements.
Moses Kargbo
Taking this course is nice. I could not just get it better elsewhere.
Oluwaseun Adedayomi
Professional, informative, engaging, and free--it's everything you can ask for.
Erik Goepner
engaging and very informative
Amanda Collins
course was fully satisfying.
Thank you.
HIMANSHU SINGH
Very informative course to have complete understanding of Financial Statements and its various parts
Arvind Jugraj Jain
Good
Konchada Sameera
Over-all good
Chinnari Priyatam
I really understood all the basics of financial statements and with much ease.
Simranjeet kaur
This was really helpful for increasing my knowledge in cash flow statement
HRITIK SAWANT
The CFI team has designed this course for public with efforts. The learning is so easy. There is no word like perfect to me. According to me, after having the full course you will be able to read and understand the financial statements. Moreover, any accountant can easily work with the financial statements but without analysis course this you may not be able to understand the financials. This course clears much about the financial statements. Once again thanks to the entire team.
Abdur Rahman Muhammad
It's very new and innovative idea to learn the things
Hemang Tomar
It is a good program and make user to learn the basic
Sathyamurthy Subramanian
Am at happy moment adding value to myself in the field of finance becuade all the aspect I didn't known was been explained in this course and I was able to have a clear understanding of them all including the one I am not aware of. It is a good moment attempting this course
ADEBAYO YINKA ADEYIGA
The course was both practical and entertaining. I enjoyed refreshing my knowledge.
Edwin Ruburika
****
Alaa Aloush
The course on reading financial statements feels like I am taking a refresher course in Accounting. It discusses about the basics of Financial Statements while giving an in depth understanding of an actual annual report and F/S. It has satisfactorily targeted the topics that are mostly critical and valuable in a real business situation. I am already excited to move on to my next course.
Annalita Tandog
Good.
Anmol Garg
one of the best online course to understand the financial statement.
Sagar Devani
Indeed this course meant for those who are in the business of financial analysis and statement. I pleased to mention here that I will become more stronger and better after having this fabulous session from CFI. Love to enroll more in practice session Thank you so much CFI... Keep Rocking
Nitin Kashyap
It's very helpful both the commerce and non commerce students.
Bidyarthi Saraswati Swain
The course contains all the useful topics as well as exercises. I would highly recommend this course.
Priya Dubey
I consider it an innovative and creative way of delivering knowledge. The slides were very informative and interesting. Fundamentals were very clear and understandable. These fundamentals are important to know being a finance student.
Amrita Sinha
This level is really informative as the learning is on practical data. Very helpful. Interaction is impressive.
Deepali Pal
Excellent! the course touches all key aspects required to understand and analyze a financial report in a brief and engaging manner.
Bashiru Olatunde Ligali
Excellent
Jose Olmedo
It helped me to increase my knowledge
Pankaj Mhatre
Thank you very much for the sweet and short course for all fundenmendals.
Learning this was fun to refreshing the basic accountings knowledge.
Ami Htike
jai ho
Anurag Singh Yadav
The context and explanation was well done..coherent and of great importance
Wayne Makwata
100% achievement and well done to CFI Development
Benedict Nor
The course is essential for being a good and perfectionist in Financial Analyst , So going with it and keep remember that your honesty and potential with these courses help you to made a good financial analyst definitely.
Mohit Summy
Me completing this course will greatly assist in my investing.
Lloyd Campbell
I attained great understanding of the course through the materials and instructor. This learning platform is awesome.
FELIX OMOSEBI
Thank you and really great course
Yazeed Alkhuwaiter
The course contents are tailored with fundamentals that are MUST before reading the financial statements. Annual report used during the course, was really helpful bridging straight with real-time contents and course contents. Thanks, CFI.
Pallavi Chikkanna
The course was very easy and helpful for beginers. It was very interesting with the help of graphics.
gulisha vijayvergia
Absolutely worthy, comprehensive and beneficial course. I would suggest and recommend all finance professionals should get this certification.
Zeeshan Muhammad Aslam
It's a great course to build basics of Account and make sure you are able to read and interpret financial statements.
Md Aariz Jamal
This course is highly recommended among the host of free and paid courses offered by CFI.
Gerald McKoy
i can comfortably read and analyze a company's financial statement with ease. Excellent course in deed.
Anne Akinyi
This course is awsome to understand all aspects of financial statements. It clears all concept and help to understand the subject matter.
Raju Ramadhar Mishra
Very useful, all important areas were pointed
iulian Cojocaru
Excellent course and easy to understand 👍😊
s Farhana
Very informative way of teaching
Nand Kishore Prasad
fantastic
Gurdeep singh
Quite informative subjects covered.
Harshit Gautam
Very Helpful
Pratheeksha G
the lecture is explained to its best line of fit to the leaner its precise and direct to the point
Lochomin Akuut Calvin
Its been a wonderful moment taking the course
Ajibodu Olukunle
This course is so helpful for finance person.
Md. Rashel Siddique
very clear instructions
Aiush kumar agarwalla
Strongly recommended to everyone doing the course.
its such an excellent refresher, enjoyed doing it. very precise and informative.
thumps up
ASIF YAKOOB
This course must be completed by everyone who's done the Accounting Fundamentals course. It's the perfect refresher course for in-depth learning into the financial statements of a company.
Tanishk Sharma
Good
A.Z.M Sheikh Nazmus Saqib
Helped me to recall all the knowledge i gained in my Graduation days .
sandesh paul
I think this course is a good course foe accounting student
Meshal Althobaiti
I have refreshed my memory on the basics of accounting and been introduced to new components and information that helped me to understand the financial statements better. However, some of the case studies questions were not cleared and needed more explanation which i could not ask for. Otherwise, it is a great course I highly recommend it.
Reema Almukhlifi
Introduction to reading Financial Statements covers all the basics and is quite informative. Personally, it was an ideal refresher course for me with excellent visualization and summary content.
Winnie Ngomba
Very refreshing
Susilo Prasojo
course is good
Shahzad Javed
i really had a great time studying this topic with CFI. The course objectives, notes and exercises where very engaging, interesting and passionating. thanks to this course and the good explanations from the lecturer I understand better what it means to actually read financial statements and I can easily read them now. Thanks, CFI. I look forward to taking more courses with you.
Bommanin Franck Aristide Gnonteme
The explanation of the deferred tax was Apt. Thank you
Daniel Orefuwa
।
Divya Laddha
It's very useful for accounting and finance carrier.
Divya sanu
it is most informative and beautifull cource. thank you so much taking the knowledge in this cource.
pratiksha varale
I am fortunate to attend such informative and knowledgeable course provided by CFI it help to understand Financial statement of any Company very well and analyse deeply.
Thanks
Saif Ansari
I would definitely recommend to opt this course!
Aditya Rajesh
Beginners' Guide to Financial Statement. This course will help you to read Balance Sheets, Income Statements, Cash Flow Statements in a small period of time. Very informative and great way to use you time for your own benefit.
Dzhonsulton Kargasova
Amazing content, it was totally worth my time and a little refresher wouldn't hurt. I will strongly recommend this to anyone who has no, to a little knowledge on accounting and finance.
Manchester Macgyver
I'm glad to take this course, it really helps and sincerely its impactful.
Ayub Olanrewaju
Satisfied.
ABDULLA Al MAHMUD
A very helpful and informative course that give a high level overview of the complex financial statements issued by major listed companies. It covers all the fundamentals required to read financials and also very good tests to help understand how and where to look for information on Annual Reports which include the Financial Statements.
Rajeev Chowdhry
Very insightful
Prutha Shah Shah
I am really satisfied with this course. the topics were covered in full detail and were really interactive and informative. i would recommend everyone to take this course.
ABDULLAH .
This is a very informative course. Help me to enrich my knowledge. one should do this course who belongs to finance backgroung.
POOJA SINGH
The course in summary teaches financial accounting to non finance people with goods depths.
Altaf Ismail
this course is very efficiently and helpful, I want to thanks all team members who prepared this course
Maria Elkess Youssef Elhomy
it was amazing to learn this course
jinal solanki
Its after this course that I really took the time and the knowledge to read my Company's Annual Financial Reports to my satisfaction.
TEHETENA ABEBE
So far, I have only done the prerequirements for the FMVA course. They are all very well-explained and provide a lot of insightful information in the topics a financial analyst should know. I am looking froward to dive deeper into the more advanced and elective courses.
Maximilian Seibel
a good course . all the basics have been taught nicely.
Koustav Mukherjee
Don’t miss out on this amazing opportunity to acquire the basic knowledge in Accounting
Samuel Agbadzidah Yayra
RFS IS THE BEST OF LEARNING ACCOUNTUNG. I'M REALLY APPRECIATED AND MOTIVATED TO JOIN THIS PLATFORM EVERYTIME
HASYEMI ALI YAFI
The course was explained thoroughly for understanding!
Efe Bakare
...Work well done,precision was key to delivery.
Beatrice Kariuki
good to learn with you. thank you extremely helpful to us.
AISHWARYA SUTAR
The course is engaging and informative. Excellent delivery of the course contents.
Wamundila Kabubi
Very good course to help all business leaders to read financial statements
Philip Le
Having a basic knowledge gives you a good grasp of the content and gives more insights of how financial statements work.
Jorge Da Silva
They are just awsome. A huge chunk divided into portion with detailed explanation, highly recommended.
Tirtha Raj Saha
A course designed to give an overview of the components in a financial statements for beginners. The exercises attached is useful
Ashwini V
Nice content and certificate
Jitesh Singh
Perfect instructor and contents
mohamed elsherif
Good material and add insight
Maria Indriyanti
The course content is too very simple. Also too many little exercises in comparison to the 1st course.
Fady Fathy
It was a nice learning
Pulkit Gandhi
awsome corse for those who wants to know about financial statement and how to read '
and also i am giving 5 stats of this course
SHAH AFZAL
I would like thanks more, because i can get more knowledge and skills from your training and also i says thank very much
Megersa Hirpha
Basics neatly explained! Kudos to CFI team
Kishore Srinivasan
Please include more examples to understand the financial statements concepts
Balaji R
A beneficial course to gain understanding of Financial Statements.
CA Priya Chaturvedi
get well knowledge and clear concept after doing that course excellent
SHAHID JAMAL KHAN
Elaborated Course
CA Israil Ansari
This was my first free virtual financial course, and even than the concepts were well known for me, the methodology and sequence made me feel comfortable and involved from the beginning until the end; the examples and explanations well chosen.
Ricardo Samatelo Fernandez
Again thanks for sharing
Naresh Bambhaniya
you have the option of instantly streaming the video. amazing series of lectures .
Emad Alotainan
This course provides an easy way of explaining what financial statements are consist of and the detailed items that can be included. Both videos and exercises are quick and interactive.
Olivia Li
this course is refreshing for me and very knowledgable
raju singh
good
kunal Solanki
Very good course for beginners and nice refresher for working professionals.
CA CISA(Certified) Pankaj Kumar Choudhary
I was very much happy to start the course as I had got to learn many things from other courses from the Bundle. once after I started the course I was very much disappointed, the first reason being the instructor is very fast, where had to play the video 'n' number of times to listen and understand. second of all the course content, materials could have been much better. I have rated 2 stars for the effort, but not happy with the overall content. though it is not must try for FMVA professional, but I assume one must know to read the financial statements no matter what.
Lakshmiraj Muniraj
I am very happy to complete course
saikat chandra Debnath
A very simple way to explain how to read a complicated public company financial statements. Thank you.
Muhammad Azim
I am studying financial course first time. Its useful
Diwakar R
I got a lot out of the course. My only criticism is that when I took the course the second time the segments advanced without my selecting them as I was working my way through the module. Is there a way to take the courses multiple times without having to change the check box for each segment to to reflect that it hasn't been taken?
Jim Howard
The text slide disappears too quickly once the audio is completed. There is no time to read and absorb.
It can stay until the reader presses next. There is no value to keep going back to the screen with the list of the 60 different videos per chapter in order to press Next. The whole chapter can be just one sequence.
Also your software does not work with Microsoft Edge
Leena Palav
No Need to review because Easy to understand.
I Wayan Subagia
It has given me a good insight in beginning the accounts course, I hope to take more lessons.
Gerald Mulongosha
Overall a very good pre-requisite and foundation course, however sections such as Deferred tax income could've been explained more thoroughly in terms of material flow and clear distinction between time/temporary difference and permanent difference to enhance comprehensibility.
Nam Nguyen
Can't seem to link the answers properly. Got it right however due to system error, can't detect the puzzle to the correct answer.
Elaine Tor
During my MBA program, certain aspects were not clearly understood, which gave me less confidence & after much research, I came across CFI and I sincerely commend the Institute for coming up with a well defined method to reading and understanding the financial statements. The course content is outstanding and thoroughly planned with unique explanations and tests. The platform is easy to use & navigate, which makes learning interesting. My confidence has greatly increased in this areas and all thanks to Corporate Finance Institute. I recommend CFI to anyone who wants to build a career in finance. Great job CFI.
WEALTH FRANCIS EFFIONG
Thank you very much instructor and Corporate finance institute for this Course.
Nadjib Cherif
A most recommended course on significance of Financial statements in a nutshell for non-finance professionals. Wonderful exercises and expalnation of key concepts.
Anjoo Navalkar
The course is very informative, I learnt a lot and the descriptions are very easy to understand.
Jacinta Njuguna
Good Overall
Ayush Mangal
This course has been an amazing and inspiring course to me because it has tremendously added value to my knowledge and make me gain confidence as regards reading, preparation and presentation of financial statements.
Bello, Olalekan Asodiq
Excellent information, excellent documentation, excellent explanations for a beginner like me !
George Cracan
EXCELLENT COURSE
Syed Khurram Haider
It is such a nice course to update my knowledge!!!
Pha Pha Nguyen Ngoc
Its is best for improve the skills, easy to understand. Great team work of CFI Regards
Ali Zahoor
Ali Zahoor
Very articulate and elaborate. Job well done by the instructors.
JOSEPH KIOKO
The course was very useful for me. It is well organized and gives u a lot of information regarding the financial statements.
AIDA SHEROLLI
I would to thanks team CFI for providing such a great platform for Finance professionals to grow and take the next career step. I am very much satisfied with CFI's efforts.
Rizwan Karim
This course guides you where to look for information and how information can be used to make various decisions.
Andriette le Grange
good
RAISA SALIM
Excellent! All the best! God bless!
CHRISTOS SEITANIDIS
I don't have a finance background, however work in a position requiring financial knowledge. I hoped this course would help me to really get my head around the ins and outs of financial statements...ant it simply hasn't. It gives an ok overview and can be seen as a starting point.
Dr. Melina Reisenberg
Speaks too fast and needs to explain in more detail!
These are not not well prepared lectures at all!
James Gwan
I recommend any one to take this course.
James Rwagasana
It is an excellent course!
Lúcio Carlos de Pinho Filho
A good course for Revision.
syed haider zaidi
For anyone who does or does not know basics of a business financial statements, it is productive.
Bhushan Pathak
Very well layed out. Of course, when doing accounting the expense accounts for large companies can often be quite intricate. Having this understanding is so crucial to grasping how direct and indirect costs are allocated. There are so many things to note, and the basics are important. This course definitely takes the cake of all previous courses I've painfully endured. It's true that I have a lot of accounting working experience, but still believe that doing courses like these help refresh the mind and would be highly beneficial to anyone wanting a real-world understanding. Well done! It was simply great fun, and not without challenge, which is what I like. It requires work, and all adds up as you progress.
Marco Pelser
Excellent. Must take even though only a prerequisite.
Christopher Pellicano
U
Mariya Eldhose
Thank you CFI, this proves good learning platform for me.
YASH PALIWAL
Finally, I understand the different parts of the 3 Key financial statements, and the notes of a company's financial report. Thank you. I highly recommend this course.
John Adair
It's extremely annoying that every bit is divided into 1-2 minute videos when they could be combined into a single one to cover related topics
Jose Hernandez
Not mention, Ireffer every to read and listen to these website
OTIM DAVID
Really enjoying the course. Information is presented in a clear and logical way. Resources are of high quality.
Thanks for making this!
Natasha Gunn
this is a very good course to learn
ANAND KHATWANI
The course content is great. However, the instructor was speeding which makes it difficult to follow through. The speed 0.5x is extremely slow while that of 1x is also really fast. Therefore I suggest you include a speed of 0.75x as well. Thanks
wilfred agyei
In this course you can review the basics! Very well done.
Camila Thais Higa Lopes
excellent course
Maggie Lee
I really appreciate to team CFI for making this course. I acquired so much of knowledge regarding Balance sheet and other financial statements.
Thank you so much.
Tushar Dev
EXCELLENT CONTENT. MAYBE NEED A FEW MORE REAL LIFE EXAMPLES TO GET THE CANDIDATE MORE EXCITED
DEBOPAM GUHA
Very good course. Please cover annual report a bit more in detail if possible. The financial statements were explained very well. Thank You
Aaron Christian
its a nice course.
ADARAMOYE FAITH
I have started with this course as I believe this would help in adding value to my resume. The course is very simplified and the inclusion of exercises helps a lot. Thank you
Ankita Shirodkar
tnx cfi
it was excellent
ali faramarzi
Its amazing course
Mubarak Nasser Al Mansoori
good
Balidir Ganerdene
It is beneficial course to finance learners . I am on cloud nine to join CFI.
Nay Zaw Soe
Greetings! Good Day Awesome experience after having the certification. Regards, Saqib
Saqib Siraj
The course was well presented and very explanatory,
I will recommend that every student studying Accounting to take this course
Hart Chukwuemeka
Excellent 2-3 hour crash course over the basics of financial statements that companies issue and how to understand and interpret them. Well worth going over the material for a refresher on foundational material related to the financial analyst or business analyst job title. Does an excellent job at reviewing the annual report and what it includes.
Brenden K
This course is extremely beneficial, educating and fun altogether.
Nkosingiphile Langa
it is key to understand that there are other information aside financial statements that helps in a full analysis of a company's performance
Kareem Salawudeen
The course is really fantastic. The instructors presented the course in a simple yet effective manner.
Mohamad Azhar Hashim
very useful information
Hamdy Ahmed Ahmed Mohamed
Course was good, but assessment coursed confusion, for example unearned revenue can also be a non-current liability, particularly when projects/contracts are multi-year and/or when projects are delayed even though cash was received up front. The question was too vague and I thought there were 2 correct answers.
Leon Petersen
It is fine. I love it. This course is absolutely fine.
Abhishek Arora
Whatever is presenting over there, it was fantastic. It helps me a lot to recall about these financial statements.
Bikram Shah
This course was very helpful to me and could get a certificate without any hassle.
Recommended to all.
Rebecca Benjamin
I searched everywhere for the "Espresso's Annual Results Letter"; however, it didn't come as an attached file in the exercise nor it appeared in the Downloadable Files section for the current lesson.
Diego Ríos Herrerías
This course is very insightful.
Ayobami Olarinde
COURSE IS BEAUTIFULLY DESIGNED AND USER INTERFACE IS VERY EASY. GREAT JOB DONE BY THE CFI TEAM. FOUND THIS COURSE VERY USEFUL AND PRACTICAL. ONE MUST GO THROUGH THE COURSE IF INTERESTED IN A COMPANY FINANCE SYSTEM. THANK YOU
ALOK KUMAR PANDEY
very good and enlighting but you should give more notes in pdf
John Kombo
Excellent
collins osobase
it is such a great place to expose a students knowledge
chintakayala Raviteja
GOOD PIECE!
JANA VODVARKOVA
All the basics covered !...with perfect explaination!
rohit ladda
Great explanations
OLUWAFEMI SOJI DANIEL
Very nice and detailed explanation
Dhananjay Kutwal
Informative program and well presented... Love it!
Ottice Sibiya
I found it so interesting and innovative .really I loved it
Rabikant Pandey
Good.
Rohit Raj
please help me because the course did not open
Patrick Irurhe
GOOD
Ahmed Gamal Eldin Mohamed .
After having "Accounting Fundamentals", which was incredibly thorough and informative, this course is a real let-down. The slides from the presentation don't match the pdf-slides from the downloads and a lot of the explanations provided are insufficient. For example, the difference between authorized versus outstanding shares is written confusingly - on the slides it says that "Authorized shares are the total number of all shares that a company has to sell". What is meant by "has to sell"? Are businesses required to sell a certain amount?
Looking this up on Google seems to provide a better explanation for this particular question, where multiple pages specify that Authorized Stock/Shares are the max number of shares that a business is legally ALLOWED to issue, not "has to" issue. The presentation of this class/course should be reviewed and adding a few more sentences onto the slides will help learners make sense of the material even after this class.
Anne St. Clair
very cheap and bad
Md . Mokbul Hossain
i'm happy thanks
KANNY SIBOZA
NA
karthikeyan k
I'm happy to be apart of this amazing course. I just wanna say thank you guys for giving us this amazing opportunity.
Now I understand how to read financial statements.
Shafici Abdullahi Hirsi
It is awesome I have mastered in these now.
Steven Kayitare
I think that is a tough course, but at the same time it is very interesting.
Davide Carisi, MBA
I enjoyed every bit of it and i will take more courses under you programme
Moses Abraham
Very high level introduction to Financial statements in US GAAP. Most of context is transferrable to IFRS international standards as the framework is very high level.
Paul D Stewart
Hi,
This course help me to enhance my knowledge and covered good contents.
Thank you...
Tushar Khandare
This course helped me to quickly brush up my knowledge on Financial statements. It would have been more useful if the explanation is related to schedule III statements.
Nishitha Vemuri
This online course is very inspiration for professional who are in remote areas.
it provide us very familiar refreshment knowledge for certification.
OM PARKASH UPADHAYAY
The course was so educative. It is more than a bachelor's degree covered within a short period of time. The lecturers explained the concepts clearly. The course material is related the course. Your course is excellent. My understanding of financial statements improved greatly.
ngoni simon maiwasha
CFI you really doing a great service because your videos are so precious to the point and really understood the necessary information that was disturbing in really life
Tumwine Micheal
This course has opened my eyes and i would to like to further my knowledge on accounting and finance to the next level with corporate finance institute. And let me say to corporate finance institute thank you. However, my rate to this course is very satisfying.
ibrahim abdirahman
Excellent course on reading financial statements at a beginners level.......well presented.
Taimur Zulfiqar
This course has open up my eyes in reading financial statements. It gave me a more advanced idea of what belongs within the THREE top financial statements. Thanks CFI!!!!
Danna Hunter
I thought this was a reasonably good overview of Financial Statements and material to understand an Annual Report. The youtube portion was, I thought, was thoughtfully and succinctly put together.
Dave Runyan
Great
Dennis Amponsah Baidoo
superb course , thank's for their initiative of such free online course
Karan Bhadane
The course is really an eye-opener, educative and very interesting. I really gained and learned a lot. Thanks to the CFI team for this great opportunity to refresh my brain!!!!!
Omotayo Habeeb
I liked the course. It is essential for Financial Annalists. I would add some more exercises to strengthen the most challenging concepts to make sure the basic is really solid to move forward.
Thanks for the chance to access to such a good experience.
Fernando Marquez
These videos are so informative.
Aicen Auman
It's really very helpful. The way of teaching is perfect and easy to understand. Thanks to you and your team k
Anwar Khan
Text was good.
Testability should be more stringent.
Sulabh Chokhani
THE PRESENTATION OF THE COURSE MATERIALS IS SUPERB.
VINCENT TETTEH PERRY
Great overview and nice examples using real-world financial statements. Only the solutions of the exercises could be explained in more detail.
Severin Haemmerl
Helpful in explaining the basic components of financial statements. Downloadable resources are very helpful.
Matthew Johnson
I really appreciate the work your team has done. The way of teaching is perfect and understandable to a prudent minded person.
Stay blessed the team of CFI.
Profound Regards,
Javed Ahmed
Javed Ahmed
It is very necessary to read Financial Statements. Financial Statement help managers make good decisions for a business/corporate institution, the stipulate the flow of cash, the value of assets, business income, and the development aspects of a corporation/business entity. Financial Statement reading is also advised for a manager as to how to run day-to-day expenditures and how to minimize losses and increase the owner's capital.
Alexander Korkor
This course brings you familiar with finance and accountIng terms and transactions in Financial Statements and how to interpret them. Was of great help during my studies. Thanks CFI
Teka Derick Tikum
The course is quite simple. It is very useful for beginners. In reality, we have to deal with much more complicated financial statements. It could be useful for practicing individuals to have complicated examples as well.
Prem Shrestha
Great course!!
tin aung
Good !
Kajal Poddar
Very helpful & informative, the method is very simple but it works well !!
Bienvenido Jesus B. Castro Jr., CPA, CMA, FMVA
This course has been of great value to me and it has enabled me to acquire more knowledge
peter kimera
The Course was interesting and informative
Dr.Vijaya Venkateswari Krishnasamy
It is great to get such experience and helps
Faysal Hossain
If possible there could be a reference to the statement of changes in equity (as part of FS) and perhaps a short note on IFRS / US GAAP and main differences in treatment.
Przemyslaw Janus
Great
Edwin Wangila
Cuts to the meat of the matter, and expresses financial statements in logical and sensible formats. Understands need for not going in to too much detail.
Richard Hastings
This course is so informative !
Elie Haddad
Reading Financial Statements is very useful for those who are working in both the banking industry and business sectors.
Swan Aung
This course is a great overview of the basics and is easy to follow. It was well paced , although I repeated several of the chapters which was easy thanks to the good interface. All in all a very solid course.
Chris Wang
Frequently asked questions
Can I download the Excel files and financial modeling templates for the course?
Absolutely! All the files and templates needed in a course are available for download. Just look for a module that shows Downloadable Files within the course dashboard. See here for a visual guide on how to do this.
How long do I have to complete the courses?
Depending on your enrollment type, you will either have two years, yearly, or monthly access to your courses. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines. Click here to compare our available enrollment options.
Are CFI courses officially accredited?
CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, and by the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the USA. Most of our courses qualify for verified CPE credits for CPA charter holders. Please refer to this page to view all available CPE credits.
Are there any additional fees or costs?
No! The bundle price includes everything and there are no additional fees or charges to earn your digital certification. You can see our enrollment fees listed here.
What currency are your courses priced in?
All our online courses are priced in USD. We accept debit/credit cards (Visa, Mastercard, Amex), PayPal, and wire transfers for one-time course payments. If you wish to proceed with a wire transfer from your bank, please see instructions here.
How do I earn my certificates?
Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 80% passing grade. For more information on how to earn a course certificate, click HERE.
Will these courses help me advance my career?
Based on hundreds of reviews from thousands of students we know how CFI courses have helped so many people advance their finance careers. Our courses are designed to be extremely practical and simulate the experience of being trained as a professional financial analyst…the ultimate way to advance your career. For real-world examples and help delve even deeper into the course concepts, please look into our free career resources library.
Can I email the instructor if I have questions?
While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function which allows you to communicate directly with in-house experts regarding course content. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle. You can compare more features in our bundles here.
What is the price of the subscription?
All Access Subscription is priced for $497 per year as Self-Study plan or $897 per year as Full Immersion plan.
What is included in the subscription?
All Access Subscription includes all courses from Financial Modeling & Valuation Analyst (FMVA)® Certification, Commercial Banking & Credit Analyst (CBCA)™ Certification, Capital Markets & Securities Analyst (CMSA)® Certification, Business Intelligence & Data Analyst (BIDA)™ Certification, Commercial Real Estate Finance Specialization and Environmental, Social & Governance (ESG) Specialization.
More Questions?
Please Email us and we'll be happy to answer any of your questions!
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