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Financial Statement AnalysisModule 1 of 9

Introduction to Financial Statement Analysis

6

Concepts

0

Formulas

1

Decisions

3

Quiz Questions

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Key Concepts

6 concepts covered in this module.

FSA Framework

1) State purpose/context, 2) Collect data, 3) Process data, 4) Analyze/interpret, 5) Develop conclusions, 6) Follow-up.

Three Main Statements

Income statement (performance), Balance sheet (position), Cash flow statement (cash generation). Plus: Statement of changes in equity.

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Decision Frameworks

1 decision frameworks to guide your analysis.

IFRS vs US GAAP key differences to watch?

  • Inventory: IFRS prohibits LIFO; US GAAP allows LIFO
  • Development costs: IFRS can capitalize; US GAAP expenses
  • Impairment: IFRS allows reversal for most assets; US GAAP does not

Mind Map

Visual overview of how concepts connect in this module.

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FSA Framework

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Answer
1) State purpose/context, 2) Collect data, 3) Process data, 4) Analyze/interpret, 5) Develop conclusions, 6) Follow-up.
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Analyzing Income Statements