This course is approved for 1.5HR CE Credits for BC, AB, SK, MB and ON (Personal Skills).
By the time you’ve completed this course you’ll be equipped to:
Read financial statements like a D&O underwriter
Identify the basic accounting equation and its building blocks
Explain how transactions are recorded
Calculate basic financial ratios
Describe what underwriters are looking for when they analyze financial statements and annual reports
Course Introduction
Course Objectives
Course Resources
Warm Up Exercise
4 Key Insights Underwriters Gain from Financial Statements
Common Business Structures
Basic Accounting Equation
What are Assets?
What are Liabilities?
What is Owner's Equity?
Transaction Analysis - Introduction
Transaction Analysis- 1
Transaction Analysis - 2
Transaction Analysis - 3
Transaction Analysis - 4
Transaction Analysis - 5
Transaction Analysis - 6
Transaction Analysis - 7
Transaction Analysis - 8
Transaction Analysis - 9
Transaction Analysis - 10
Interactive Exercise
Introduction and Objectives
The Balance Sheet
The Format of the Balance Sheet
Balance Sheet - Examples
Transaction Analysis
Issuing Shares
Bank Debt
Property, Plant & Equipment
Buying and Selling Inventory
Paying Salaries
Interest Expense
3 Key Ratios
Lululemon Athletica - Financial Statements ending May 3, 2020
Lululemon Athletica - Exercises
Introduction & Objectives
The Income Statement
The Format of the Income Statement
Revenue
Direct Operating Costs & Gross Profit
SG&A and Operating Income
Net Income
Interactive Exercise
Introduction & Objectives
The Cash Flow Statement
Why is the Cash Flow Statement Important?
Profit and Cash Flow are not the same
Sections of a Cash Flow Statement
Cash Inflows and Outflows
4 Key Elements of a Cash Flow Statement
Burn Rate
Interactive Exercise
Introduction & Objectives
The Benefits of the Annual Report
The Contents of the Annual Report
The MD&A
The Audit Report
The Notes to the Financials
