Graham Neary – Balance Sheet Mastery
View company balance sheets through the eyes of a pro investor.
Have you ever been surprised when a company you invested in needed to raise additional funds and diluted you?
If that’s the worst thing you’ve experienced, you’re lucky! Every year, thousands of companies collapse into bankruptcy and leave their shareholders with nothing.
But understanding company balance sheets is not just about avoiding mishaps. It’s also about enjoying a deeper awareness of company performance, strategic decisions, and quality.
In this course, I’ll give you everything I know, so that you too can analyse balance sheets through the eyes of a professional.
What you do with that knowledge is up to you!
What You’ll Learn In Balance Sheet Mastery
An Introduction to Financial Mechanics
- The difference between profit and cash flow
- Creating assets and liabilities: equipment and products
- Creating assets and liabilities: debts and dividends
- Fundamental accounting equation
The Ingredients of the Balance Sheet
- The key definitions
- Features of equity
- Equity vs. fixed income
- Key assumption: going concern
Assets: Current and Noncurrent
- The operating cycle
- Current assets
- Noncurrent assets: tangible
- Assets for financial companies
The Mysteries of Intangible Assets
- Intangible assets: overview
- Software and other rights
- Goodwill
- Impairment
- Tips for investors
Liabilities: Current and Noncurrent
- Current liabilities
- Working capital
- Noncurrent liabilities
- Features of bonds (1)
- Features of bonds (2)
All about Equity
- The components of equity
- Accumulated other comprehensive income
- Parent companies
- Treasury stock
Statement of Changes in Shareholders’ Equity
- Does this statement matter?
- How the statement of changes in equity works
Rents and Leases on the Balance Sheet
- How rents and leases used to work
- How leases are treated now
- What happens to leases over time
- Getting leases back off the balance sheet
How to Use Debt Ratios as an Investor
- Liquidity ratios
- Solvency ratios
- Loan covenants
- Final debt summary
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