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Intro

Diagnosing the Financial Health of a Business

This course shows how financial reports provide a wealth of information into the performance of a business, and how they can be used specifically to identify early warning signs of potential future problems.

We will see that a profitable business may not necessarily be performing well or taking the right steps to build for its future. Just as a doctor conducts a diagnosis of a patient and recommends a course of treatment, we will use simple and yet powerful tools to analyse a business and identify where and how things can be improved.

What will I learn?
  • How to evaluate the performance of a business with reference to its financial reports.
  • How to conduct financial analysis by integrating information across its balance sheet, income statement and cash flow statement (as opposed to viewing data in isolation).
  • How to identify early warning signs of potential financial difficulties in a business and thus be forward-looking in your approach.
  • How to assess risks in a business by reference to its financial reports.
  • How to identify the assumptions and estimates that are made by managers in constructing their financial reports and assess the implications for interpreting the performance of a business.
  • How to measure and interpret the sustainable growth rate of a business and identify implications for its future heath.
  • How to distinguish between the income statement and the statement of comprehensive income of a business.
  • How to measure the operating cash cycle of a business and assess the implications for the funding needs of the business.
  • How to determine if a firm is generating appropriate returns on its assets and for its owners.

This course requires approximately 2 - 4 hours of study per week, but can vary depending on the student. This includes watching videos, and taking quizzes and assessments.

If you pass this course you'll receive a Certificate of Achievement. While this certificate isn't a formal qualification or credit, you can use it to demonstrate your interest in learning about this area to potential employers or educational institutions.

Where could this lead me?

If you're wondering what your future could look like in this area, here are some potential careers you could head towards.

  • Management
  • Finance
  • Accounting
  • Investment analysis

Syllabus

MODULE 1: THE BALANCE SHEET
   
MODULE 2: INCOME STATEMENT
   
MODULE 3: STATEMENT OF CASH FLOWS
   
MODULE 4: ASSESSING FINANCIAL PERFORMANCE
6 Student
reviews
Cost Free Online Course
Pace Upcoming
Subject Finance
Provider Open2Study
Language English
Calendar 4 weeks long
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FAQ View All
What are MOOCs?
MOOCs stand for Massive Open Online Courses. These are free online courses from universities around the world (eg. Stanford Harvard MIT) offered to anyone with an internet connection.
How do I register?
To register for a course, click on "Go to Class" button on the course page. This will take you to the providers website where you can register for the course.
How do these MOOCs or free online courses work?
MOOCs are designed for an online audience, teaching primarily through short (5-20 min.) pre recorded video lectures, that you watch on weekly schedule when convenient for you.  They also have student discussion forums, homework/assignments, and online quizzes or exams.

6 reviews

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2 years ago
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Swap completed this course, spending 3 hours a week on it and found the course difficulty to be hard.
Very good course. Specially focused on financial analysis of balance sheet in annual report of any company. You will get knowledge of Rates and ratios used in Financial analysis.

Thanks
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a year ago
Jason Michael Cherry completed this course, spending 3 hours a week on it and found the course difficulty to be medium.
Very solid course, I found the lectures to be informative and clear, and the quizzes were perfectly tuned to the material. I do wish there was more than just quizzes though.
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1 out of 1 people found the following review useful
3 years ago
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Robb Mackinlay completed this course, spending 1 hours a week on it and found the course difficulty to be medium.
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a year ago
Richard completed this course.
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2 years ago
Peter O'brien dropped this course.
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2 years ago
Alan Salsac completed this course.
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