Financial Statement Analysis Course
This course is designed to provide an in-depth look at the analysis of public company financial statements from multiple perspectives, with a major focus on that of the shareholder. There are many courses and sources of information that show curious individuals how to calculate and interpret various financial statements, metrics, and analyses. However, this course was put together understanding that there is a more important, qualitative side to analysis.
Throughout the program, students will learn to take information given by the markets and firms and adjust it to a more realistic base — and from that start, to create analysis that has value, not just a number.
Hello, my name is Joshua Schultz, and I’m going to be your instructor for Financial Statement Analysis. I was born and raised right here in Syracuse, New York, and I got my degree from a local university called Le Moyne College. I got a degree in finance and a degree in economics and, from this, launched my initial finance career. After spending five years in various roles, including back office, mid office, and front office. I ended up going back to Syracuse University to get my MBA. From here I transitioned over, and I now work for a small family business involved in supply chain. But I love academia and wanted to return and be part of the environment I started, and I became an adjunct professor at Syracuse University. I teach finance courses, and I use finance continually throughout my life. I’m a mentor in many startups in the local area, and I also help a few local businesses with their finances, financial decisions, and financial planning in order to be successful.
In this course I’m going to give you a couple of tips. One is be sure to read the chapter before watching the lectures. This is a really information-intensive course and not having any idea of what we’re going to be talking about before I lecture may cause you to miss some key notes in the chapter. So make sure that you read and have a really good foundational understanding because my lectures won’t cover everything, but they will convey the concepts. The second thing that will help is to go through the examples. We’re going to have many examples with many different companies. A lot of times it’s easy to watch, and you understand as it’s occurring, but unless you’ve gone through it yourself, you’re really going to hit some walls when you’re by yourself doing these examples. So go along with the examples with us and it will really help solidify not only what you know but also what you don’t know. The final one is ask questions, ask them through email, ask them in the live sessions, and ask yourself questions. Analysis when you do come to a hard number there’s a lot of gray area a lot of the decisions that I tell you to make. I think do your best, but it doesn’t mean they’re right. So we need to understand that there are a lot of gray areas ask a lot of questions and come up with some of your own rules or ideas for analysis that make your analysis unique to you. Remember we’re analyzing financial statements, something that is done by millions and millions of people every single day, but all these millions of people come up with different values. That’s why we have these gyrating prices. So ask questions, read before we go over, and make sure that you go through the examples with us to help your understanding. I’ll be there with you the whole time, and good luck in Financial Statement Analysis.
By the end of the course, students will be able to:
- Understand the meaning and purpose of financial statements
- Dynamically ascertain the importance of various statement facts based on the perspective they are undertaking.
- Understand the connectedness of the financial statements in order to reformulate them correctly based on the perspective they are undertaking.
- Be able to calculate the ratios and metrics needed to assist in analysis.
- Reasonably predict the future economic situation of a firm.
- Apply thoughtful analysis beyond quantitative calculations to a company’s “story.”