Analyzing the business (2 days)

In this session participants will cover the income statement, balance sheet and cash flow statement given a series of transactions. The key interactions between the income statement and balance sheet are covered in detail. Participants will then build several basic cash flow statements. The day is structured around a case company using published financial statements.

Key topics:

• The structure and content of published financial data
• Income statement
  • Sales and related costs/accrual accounting
  • Different measures of earnings – EBITDA/EBIT/Net income/EPS
• Balance sheet
  • Working capital
  • Fixed assets
  • Net debt
  • Equity
• Key links between the financial statements
• Cash flow statement
  • Operating
  • Investing
  • Financing
• Link between cash flow and balance sheet