By the end of this program, participants will be able to:

• Analyze and interpret complex financial statements
• Conduct advanced ratio analysis for performance measurement
• Evaluate corporate solvency and financial risk
• Understand and analyze cash flow statements
• Apply various valuation techniques effectively
• Forecast financial trends and model future performance
• Detect earnings manipulation and red flags
• Support strategic decisions using financial insights

Day 1 Core Concepts of Financial Analysis

• Introduction – Pre-Assessment
• Overview of Balance Sheet, Income Statement & Cash Flow
• Key accounting principles and financial reporting standards
• Relationship between financial statements
• Identifying financial drivers and KPIs
• Reading footnotes and disclosures
• IFRS vs GAAP – key implications
• Earnings quality and adjustments
• Introduction to horizontal and vertical analysis

Day 2 In-Depth Ratio Analysis

• Profitability ratios: Gross margin, ROE, ROA
• Liquidity ratios: Current, quick, and cash ratios
• Solvency ratios: Debt-to-equity, interest coverage
• Efficiency ratios: Inventory turnover, asset turnover
• Interpreting DuPont Analysis
• Benchmarking and industry comparison
• Trend analysis using ratios
• Limitations of ratio analysis

Day 3 Cash Flow Mastery

• Components of cash flow: Operating, Investing, Financing
• Free Cash Flow (FCF) and its strategic use
• Reconciliation: Cash flow vs. net income
• Working capital analysis and liquidity planning
• Assessing quality of earnings via cash flow
• Using cash flow to predict financial distress
• Linking cash flow to business valuation
• Real-life case study: Cash flow evaluation

Day 4 Forecasting & Valuation Techniques

• Discounted Cash Flow (DCF) methodology
• Comparable company analysis and market multiples
• Asset-based valuation approach
• Building financial projections
• Cost of capital and weighted average cost of capital (WACC)
• Sensitivity and scenario analysis in valuation
• Evaluating acquisition targets
• Using models for strategic planning

Day 5 Risk Detection & Ethical Analysis

• Recognizing red flags in financial reporting
• Earnings management tactics and accounting irregularities
• Forensic techniques in financial analysis
• Assessing operational, credit, and market risk
• Role of corporate governance in financial integrity
• Ethics in financial reporting and disclosures
• Analyzing fraud case studies
• Group exercise: Identifying manipulation in financials
• Conclusion and Post Assessment

Closing & discussion