Day 1: COMPONENTS OF FINANCIAL STATEMENT NALYSIS· Role of financial reporting and analysis· Core financial statements and the importance of the annual report· The important role of notes and supplementary information· Objectives of financial statements audit Types of audits· Financial statement analysis framework· The accounting cycle· Financial reporting mechanics· Relationship, elements and classification of financial StatementsDay 2 FINANCIAL ACCOUNTING & REPORTING TANDARDS· Importance of reporting standards in equity analysis and valuation· International Financial Reporting Standards (IFRS) versus Generally Accepted Accounting Principles (GAAP)· Rules comparisons affecting analysisDay 3:APPLICATIONS AND PRESENTATIONS OF FINANCIAL STATEMENT ANALYSIS· Evaluating a company's past performance· Comprehensive real life analysis of publicly traded companies· Comparing and contrasting different industriesAN INSIDE LOOK AT FINANCIAL STATEMENTS· Important income statement elements· Gross margin vs. operating profit vs. net income· Revenues are earned and expenses are incurred· Balance sheet elements· The main six (6) parts of the balance sheet· Definitions and examples· Statement of changes in owners' equity· Cash flow statement:o Operating, investing, and financing activitieso Two (2) methods of preparing cash flow statemento Reading and interpreting cash flowo The cash rich standardDay 4:FINANCIAL ANALYSIS TECHNIQUES· Strategic analysis is vertical analysis: balance sheet and income statement approaches· Growth analysis is horizontal and trend analysis · Importance of Liquidity analysis· Current, quick, and cash ratios, defensive interval and cash conversion cycle· Why perform asset management and activity ratios?· Total and fixed assets turnover· Gearing and Solvency analysis· Debt, equity, and times interest earned ratiosDay 5:· Business and Profitability analysis· Profit margin, gross margin, return on assets, return on equity· How good are Market ratios?· Price earnings and earnings-per-share ratios· DuPont analysis: the three-step and five-step models· Limitation of ratio analysis