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• Archive: What you'll learnUnderstand the mechanics of financial statements (balance sheet, income statement, and statement of cash flow).Understand key earnings ratios including earnings-per-share (EPS).Calculate profitability metrics and how to properly analyze them.Calculate activity and turnover ratios.Understand the components of return on assets and return on equity.Understand the key ratios used to evaluate liquidity, solvency, and leverage.Use key valuation metrics (P/E, EV/EBITDA, P/B, P/S, etc) to determine how cheap or expensive a stock is.Understand the key financial filings US companies file with the Securities and Exchange Commission (SEC).Navigate through financial statements like the back of your hand.Understand how to read 10-K/10-Q filings and what sections to watch out for.Interpret and understand audit opinions.How to read 8-K filings and learn how to search for important information.Read and analyze Proxy Statements and Form 4 filings.Understand how to interpret and analyze quarterly results.Evaluate company guidance.Know the importance of non-GAAP results and metrics.Understand importance of Conference Calls and related presentations.Understand and calculate various key performance indicators for a number of industries.Navigate the SEC EDGAR database to search for filings and other information.Perform financial statement analysis.Understand where to look to dig up information about a company.RequirementsAbsolutely NO experience/understanding of financial statements or accounting is required.
• We will start from the basics towards more advanced topics.You will need a notebook and pen/pencil.DescriptionEver wonder how the world’s most successful investors (such as Warren Buffett, David Einhorn, or Jim Chanos) are so successful?
• It’s because they employ industry leading financial statement analysis skills to root out opportunities.A lot of courses simply teach you how to perform a few financial ratios.
• That’s important, but it is only a small part of successful financial statement analysis.
• True financial statement analysis requires in-depth reading, research, and other analytical strategies that will give you a real investing edge.I will teach you the tricks of the trade that many successful investors use on a daily basis.