Advanced Accounting

In-person teaching Classroom
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This Advanced Accounting course allows participants with a basic understanding of accounting to build on this knowledge and gain an understanding of more complex elements.

It looks in depth at the income statement, the balance sheet and the cash flow statement and how these are related.

It includes practical exercises to allow participants to apply their knowledge and understand this interconnectivity.

Finally, the course will look at several key ratios used in financial and credit analysis.


This course is for individuals new to the financial markets with a basic understanding of accounting.

Learning Outcomes

At the end of this course participants should understand:

  • The components and construction of the income statement, balance sheet and cash flow statement
  • How to find and clean financial numbers from company accounts
  • The key financial ratios for investors and how to interpret them

Course Content

The Income Statement

  • Revenue and cost
  • Expenses and tax rates
  • Net income and cleaning earnings
  • Earnings per share (EPS)

Exercises: Cleaning EBITDA and net income to calculate growth margins for case companies

The Balance Sheet

  • Tangible assets and depreciation
  • Accruals and deferred income
  • Working capital and the operating cycle
  • Financial leverage
  • Equity and return on assets

Exercises: Calculating depreciation, PPE, capex, goodwill, OWC and net debt for case companies

The Cash Flow Statement

  • How to prepare a cash flow statement
  • Cash flow statements for credit analysis
  • Free cash flow for DCF valuation

Exercises: Building a cash flow statement from the income statement and balance sheet

Financial Ratio Analysis

  • Key investor ratios and margins
  • Return on Capital (ROIC) and Return on Equity (ROE)
  • Operating working capital ratios
  • Analysing liquidity, solvency and financial leverage

Exercises: Calculating returns and liquidly ratios for case companies


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