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Financial Statements: Introduction, Preparation, & Analysis (Udemy.com)

Master the language of Business by learning to read, prepare, and analyze Financial Statements

Created by: Irfan Sharif ACA ACCA

Last updated February 2026

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What you will learn

  • Financial Analysis
  • Capital Gain and Dividend concepts
  • Financial Statements
  • Profitability Ratios
  • Liquidity Ratios
  • Effeciency Ratios

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Course Description

Being able to read and understand financial statements is a core skill for anyone involved in business, accounting, finance, or investing. However, for beginners, financial statements often feel confusing because they rely heavily on accounting concepts that are rarely explained properly.

This course is designed to solve that problem.

This course starts from the absolute fundamentals. Every important accounting concept—such as revenue, expenses, assets, liabilities, equity, accruals, and depreciation—is explained clearly and simply, before being applied to real financial statements.

You will learn how financial statements are structured, why numbers appear the way they do, and how to interpret them logically. Only after building this foundation do we move into basic financial statement analysis and ratios, so you understand not just how to calculate numbers, but what they actually mean.

No prior background in accounting or finance is required. The course assumes zero knowledge and explains everything step by step, using plain language and practical examples.

By the end of this course, you will be able to:

  • Read and understand the Income Statement, Balance Sheet, and Cash Flow Statement

  • Grasp the core accounting concepts behind financial statements

  • Understand how accounting decisions affect reported profits and financial position

  • Perform basic financial statement analysis and ratio interpretation

  • Compare companies on a like-for-like basis with confidence

Who This Course Is For

  • Accounting and finance students

  • Business and management students

  • Aspiring accountants and bookkeepers

  • Professionals who work with financial reports

  • Entrepreneurs and business owners

  • Investors and startup founders

  • Anyone who wants to understand financial statements from scratch


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Instructor Details

Irfan Sharif ACA ACCA

Chartered Accountant with 16 years experience in Accounting, Finance, and Business Intelligence. 

I am a Chartered Accountant from ICAEW (Institute of Chartered Accountants of England and Wales) and a Chartered Certified Accountant from ACCA (Association of Chartered Certified Accountants in England) . I also have a Bachelors degree in Commerce. 

I started my professional career with PwC as a Functional Consultant, later moved to at FTSE 100 FMCG as a Finance Manager, then working a General Manager developed an outsourcing hub 'Excelsious' for US and UK accounting firms, and finally cofounded Receipt Bot - an accounting automation company which is automating some tedious aspects of Accounting for clients from 21 countries.

Right from the beginning of my career, my role has been to improve the Accounting and Reporting systems. From automating data entry and bookkeeping to the preparation of interactive business analysis dashboards for the senior management, I have led multiple assignments.

Over my professional career of 16 years, I have been teaching several programs of Accounting and BI at some reputed institutes. Over this time, I have trained 20,000+ students from 50+ countries.

I am absolutely delighted to share my skills and experience with you on the Udemy platform!

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Reviews

4.6

380 ratings on Udemy

Select a bar to show only those reviews.Select the bar again to show every rating.

By Antony Prince Francis on 2/2/2026

This course was very helpful and easy to understand, especially for beginners. Irfan Sir explained Financial Statement Analysis in a simple and practical way with good examples. I gained valuable insights into balance sheets, income statements, and cash flow analysis. This course has strengthened my basics in finance. Thank you for such a great learning experience.

By Chris Cataldi on 7/2/2024

Great content, I wish there was more of an explanation around what the formulas actually tell you, but this was a really good overview for a beginner.

By Antonioo Ferri on 2/10/2024

The course was excellent! It was concise, easy to understand, and incredibly informative. As someone with little prior knowledge of financial statements and the associated math, I found the content to be very accessible and engaging. I thoroughly enjoyed learning the basics of how to read financial statements and the underlying mathematics behind them. Overall, it was a fantastic learning experience.

By Shubham Jindal on 9/7/2023

Crisp and precise course on basic analysis of Financial Statements for beginners with case study or example but I have a small suggestion that please include Cash Flows analysis. That would be great. Can you keep update on course whenever necessary? Thanks for the Course.

By Tetiana Horkusha on 2/5/2023

Good course, it contains all the necessary for financial reports management and analysis.

By Param Gandhi on 3/28/2021

Overall, the course was good. Analyzing data in Excel was fun but it would be great if instructor taught us to derive insights or conclusions from the ratios calculated. Also if some practice quizzes and exercise could be included to make the concepts more clear.

By Cristela Wednesday Mejica on 3/25/2021

Thank you for the housekeeping announcements! Very helpful for a newbie like me :) I am still a commerce student and the way you explain is very simplified and straight to the point. The resources was very helpful and you taught Excel tricks that weren't discussed in school. For students enrolled, I advise you to take your time so the concepts would sink in. Have fun!

By Tayyaba Asif on 1/4/2021

Super Excellent ,easy to understand , excel knowledge is another plus point . Thank you so much for providing an AMAZING content . Highly Recommended

By Bir Bahadur Thapa on 11/19/2020

I found this course very precise and to the point. Thank you for the instructor of this course. Thank for Udemy and their team for doing such great job.

By Nil Shah on 9/29/2020

It is one of the best course for beginners in finance and accounting. Thank you so much Irfan sir to provide this wonderful course. Looking forward to more course on finance and accounting from you.

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Overall Score : 92 / 100