Continuing Education Credits

This course is approved for 1.5HR CE Credits for BC, AB, SK, MB and ON (Personal Skills).

Course Objectives

By the time you’ve completed this course you’ll be equipped to:

  • Read financial statements like a D&O underwriter

  • Identify the basic accounting equation and its building blocks

  • Explain how transactions are recorded

  • Calculate basic financial ratios

  • Describe what underwriters are looking for when they analyze financial statements and annual reports

Course curriculum

    1. Course Introduction

    2. Course Objectives

    3. Course Resources

    4. Warm Up Exercise

    1. 4 Key Insights Underwriters Gain from Financial Statements

    2. Common Business Structures

    3. Basic Accounting Equation

    4. What are Assets?

    5. What are Liabilities?

    6. What is Owner's Equity?

    7. Transaction Analysis - Introduction

    8. Transaction Analysis- 1

    9. Transaction Analysis - 2

    10. Transaction Analysis - 3

    11. Transaction Analysis - 4

    12. Transaction Analysis - 5

    13. Transaction Analysis - 6

    14. Transaction Analysis - 7

    15. Transaction Analysis - 8

    16. Transaction Analysis - 9

    17. Transaction Analysis - 10

    18. Interactive Exercise

    1. Introduction and Objectives

    2. The Balance Sheet

    3. The Format of the Balance Sheet

    4. Balance Sheet - Examples

    5. Transaction Analysis

    6. Issuing Shares

    7. Bank Debt

    8. Property, Plant & Equipment

    9. Buying and Selling Inventory

    10. Paying Salaries

    11. Interest Expense

    12. 3 Key Ratios

    13. Lululemon Athletica - Financial Statements ending May 3, 2020

    14. Lululemon Athletica - Exercises

    1. Introduction & Objectives

    2. The Income Statement

    3. The Format of the Income Statement

    4. Revenue

    5. Direct Operating Costs & Gross Profit

    6. SG&A and Operating Income

    7. Net Income

    8. Interactive Exercise

    1. Introduction & Objectives

    2. The Cash Flow Statement

    3. Why is the Cash Flow Statement Important?

    4. Profit and Cash Flow are not the same

    5. Sections of a Cash Flow Statement

    6. Cash Inflows and Outflows

    7. 4 Key Elements of a Cash Flow Statement

    8. Burn Rate

    9. Interactive Exercise

    1. Introduction & Objectives

    2. The Benefits of the Annual Report

    3. The Contents of the Annual Report

    4. The MD&A

    5. The Audit Report

    6. The Notes to the Financials

About this course

  • 62 lessons
  • 1.5 hours of video content
  • 1.5 Hours of CE Credits (personal skills)

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