How To Analyze Financial Statements For A Corporation. 4 Types of Financial Analyses

[@TheFinancialController]

Level up your Accounting Career by enrolling in our 6-weeks program here controller-academy.com/courses/controller-academy

[@devannorton4825]

Thank you for your very informative videos. I am 38 and just now getting a college education. I have chosen to get a bachelors in accounting and want to pursue an MBA in finance... I will try to get a CPA as well. It feels like a long ladder to climb. I wish I had had the opportunity much sooner. But, better late than never!

[@DaxL_net]

Education is long life thing to improve one's knowledge

[@oiinahgiiusadurrybrahchuck7209]

I got a late start to finding direction and your comment is inspiring. Based on my researching into career pathways I think if you are aiming for ba. in accounting and MBA finance then you are perfectly capable of completing CPA too. Stay focused, remember your reasons for your efforts, don’t be too hard on yourself if faced with any setbacks but also stay grounded in your ambitions, best of luck!

[@mmiller7203]

I saw your comment and wanted to send some encouragement, I completed the CPA exams in 2021 and got my certificate last year. I am turning 50 (July 3). So keep climbing until you achieve your goals. All the best!

[@devannorton4825]

Thank you all for your kind words! And I wish you all the best as well

[@deutschnacharabischemgeschmack]

I wish you all the success in the world. It is never too late if you are still breathing. 🎉

[@cefimssoas9830]

I studied this like 20 years ago , but never got to practice it in real life and now I just feel like a complete financial illiterate, thank you for saying it in simple terms

[@AliAli-bb6on]

as bookkeeper

[@veecouture8202]

You provide such rich resources on your channel. I wish I had you as a professor while I was in business school.

[@TheFinancialController]

Thank you Vee

[@marvelouss719]

Vee Couture, Where did you go to school? I went to a private catholic university and my accounting professors were great teachers. In fact, the school also ranks #1 for passing the CPA exam.

[@xuamox]

It would be great if you did a video going over financial statements for Apple, Meta, Microsoft, etc and go over all the line items and explanations. Great videos!

[@jocelynrucker6877]

This is so concise…thank you, thank you, thank you. For someone who is new to bookkkeeping & failed accounting 3 times in college, it makes me second guess myself. Thing is I do the books for my husband’s new business so I have no choice…you truly add value!

[@tamdominh136]

Thank you for your analysis that help me get the new job in a new position. Thank you so much!❤

[@sheryhelendesigns]

Accounting isn't my background exactly although Financial Managerial Analysis is we still work with accounting as we manage accounts. I am ssssssssssssssuper excited to run into your channel. When I studied Finance a few years ago it was really hard to find other resources that help break down FS. You have to find multiple outlets to help grasp the concepts in your studies, well at least I needed it. I can't find anyone local that tutors in this stuff specifically or to brainstorm with. Hands on is always the best way to get better at what you do and I am still learning while just a year of working fully on financials. I'm new to your channel and looking forward to watching many of your videos. Thank you. Keep'em coming!!!!!

[@TheFinancialController]

Thank you so much!

[@ikotuntaiwo7340]

Hello you’re from what country ?

[@tuananan79]

Thank you for your sharing,it helps me to understand more on finance and analysis. Your detailing is on the dot and easy to learn,less jargon that makes it more easier.Keep it up,I will share w my friends your videos.

[@ngoctrantran8538]

Thank you so much for all of your videos

[@shadebeckybabalola6836]

Thank you so much controller I really learn a lot from you.

[@TheFinancialController]

Glad to hear that!

[@SuperAquababe]

This video was very insightful , thank you 🙏🏽

[@TheFinancialController]

Glad it was helpful!

[@azizkhan938]

Very insightful, it refreshed my knowledge of financial analysis.🙂

[@TheFinancialController]

Thank you!

[@DreamFirms]

Such informative videos you have on this channel. Just subscribed!

[@hackit9578]

Hi Bill , thank you for another great video. I have learnt so much from your video. Please don't stop making them. 😊 Kesh 🇬🇧

[@emmanueltaunou4421]

Hi Bill, I'm a big fan of your channel as I am a Accountant by profession but with little experience (Just graduated recently. Bachelor in Accounting from the Premium University of Papua New Guinea) Can u make a Video on How to prepare a Tax Return please.

[@amiramir-bh5dk]

Thanks for the great video, I don't get it Where are those numbers related to headcount coming from? Is that the result of total income - total expense? any thoughts? Thanks

[@StaceyG-jx5lg]

Hi Do you have a video on reconciling inventory? Specifically doing a cost of sales reconciliation?

[@arpandoshi9878]

Please create video on functioning of ERP in accounting systems

[@menchiedelosreyes5591]

Hi Bill. I am a subscriber from Manila, Philippines. Thank you for sharing your experience and knowledge with us. I am an aspiring freelance bookkeeper looking for a virtual job. I want to understand how to analyze FS as I am not an accounting graduate but have worked in accounting for over a decade. Thanks. Loved your videos. I also joined your Facebook group.

[@ronniediaz5027]

Thank you! This is very informative. A great presentation and very helpful not just for small business owners but for those who want to learn how to read financial statement too.. Kudos..

[@TheFinancialController]

Thanks Ronnie!

[@MrAl158]

In the detailed Ratio Analysis dashboard at 20:37 isn't it better to call them "Threshold Churn %" and "Threshold CAC %" . The green highlight certainly points to positive outcomes, but calling them "Targets" seems a little confusing at first...very informative video. thank you!

[@rasheednayakkan6750]

Thank you Controller. Informative, simple and useful video :)

[@TheFinancialController]

Thanks Rasheed

[@alexrosen8762]

Extremely valuable tutorial 👌

[@TheFinancialController]

Glad you think so!

[@mangobyte924]

Hi Bill Hanna! This informative video is very helpful for my career improvement. Thanks for sharing your knowledge, Keep it up!

[@jamesowusu3645]

Fantastic ideas.

[@fangyingzhao3388]

Thank you Bill for sharing this informative video!

[@shruthiswaminathan2907]

Thank you so sooo much! Informative yet succinct 🙏🏼

[@lucamura1303]

Kudos and thank you for all these videos! I would love to see you do this kind of analysis on financial and/or insurance companies as well.

[@TheFinancialController]

Thanks Luca!

[@atiqrehman1223]

thanks for your work

[@okohlawrence2466]

Great videos well-done sir

[@saurabhgoel9323]

Hi I am CMA thanks for great information

[@rahulratna3547]

This guy is awesome 👍

[@levelynlazarte5185]

thank you so much too much helpful to my actual work presently

[@TheFinancialController]

Glad it’s helpful Levelyn!

[@DzyBzy-nl3wz]

Hi Bill great channel. I’m very keen to learn more. Can you pls provide the academy link?

[@TheFinancialController]

thefincontroller.com/p/controller-academy

[@vilaswalekar5413]

Very informative and insights videos...

[@TheFinancialController]

Glad you think so!

[@AymenMaouetiFreelancer]

Thank Bil Like always your the best, I have been following you since 2 years and I have learned a lot from you

[@danielcarrasco300]

Thanks a lot! Great Job

[@TheFinancialController]

You're welcome!

[@alassanekane4269]

Thank you 🙏🏽

[@eliasabdissa9406]

Thank you for the lesson where we can get the excel type pls leave for us to practice more and get good experience of it

[@lmwold]

Always find your videos of good value for my time, good ROI.

[@TheFinancialController]

Thanks very much!

[@mayacargo9548]

Headcount? Never head of this analysis

[@PhillimonNdeule]

This is helpful

[@MohamedMohamed-ub7lb]

Boss your the best

[@LauraAkpama-x5i]

thanks for the video, it simple and straight to the point. i haven't seen the link you promised to share

[@DimitriGaldava-yi1rz]

Have a question! dont we have to devide the variance on the budget? not on actual. 12% variance is coming from the variance over the actual. we are figuting aout against budget. no? also, How Variance is negative if you where under the budget. your actual is lower than a budget.

[@ramizabdulahad8419]

Hi Bill. Thank you for the video. Speaking of accounting errors, how do you make sure you recorded every vendor invoice? I receive invoices on my email and I've missed entering few of them in the system a couple times. Then I get notified by my manager that I missed them. Do you have a procedure on that?

[@TheFinancialController]

The only sane way of doing this is to implement a Purchase Order process. If you know at month end a list of open POs, then you can ensure to follow up with vendors or accrue for them.

[@ashchilly]

You're the best, you know that right?

[@nizamrasooly86]

Thanks for sharing your knowledge with us, I am watching your videos from Afghanistan and almost watched all your uploaded videos

[@aditthiyansa5395]

great

[@barajas3309]

Can you do videos about cost accounting.

[@rajkumarvelupillai1447]

Should analyse FED like a pro. As they control the money flow in and out of Stock market 🤑💰

[@Rich1Rodriguez]

I am looking for a free Excel spreadsheet to enter balance sheet and income, statement and shareholder equity and then do the analysis, including valuation. Any suggestions ?

[@MrBlackjack456]

Title: "Financial Statement Analysis Types: A Guide for Corporate Controllers" Summary: In this video, financial controller Bill Hannah provides an insightful overview of financial statement analysis, explaining the four main types of analysis used by corporate controllers. These analysis types are crucial for understanding a company's financial health and making informed business decisions. The key points covered in the video include: 1. Accounting Analysis: - Focuses on finding accounting errors in financial statements. - Commonly involves month-over-month horizontal analysis to detect discrepancies. - Goal is to identify and rectify accounting mistakes. 2. Actual vs. Budget Analysis: - Compares actual financial results to budgeted figures. - Helps in evaluating performance against financial targets. - Aids in decision-making by assessing budget adherence. 3. Vertical Analysis: - Examines line items on the income statement as percentages of total revenue. - Evaluates the trend and proportion of various expenses relative to revenue. - Highlights areas where expenses may be increasing disproportionately. 4. Ratio Analysis: - Compares two financial figures, such as current assets and current liabilities, as ratios. - Common ratios include current ratio and debt-to-equity ratio. - Provides insights into liquidity, solvency, and overall financial stability. Bill emphasizes the importance of setting commentary thresholds to focus on significant variances in the analyses. He also shares his preferred analyses, with accounting and actual vs. budget analyses being the most commonly used. This video is a valuable resource for finance professionals, particularly corporate controllers, seeking to gain a deeper understanding of financial statement analysis techniques.

[@TheFinancialController]

Thanks for the summary!

[@MrBlackjack456]

@@TheFinancialController It will help people to recap.

[@AliAkbar-bf1md]

Sir, What should I learn to be a financial Analyst (Excel).?

[@wiemluna1205]

Hi Bill, I'm so glad I found your channel. I've been considering a change in career from my current paralegal work to becoming a CPA - which has always been a dream of mine - and your channel has the most valuable content on this topic. I have a business management degree with a low GPA (3.1). I plan to get a certificate in accounting (and maybe a Master of Professional Accounting, per your advice in another video, if I get accepted into the program) and study for the CPA exam. In the meantime, do you recommend that I find an entry-level accounting job that does not require relevant experience or education? Or should I wait until I get my CPA license before looking for a job in accounting?

[@TheFinancialController]

Hi my own preference would be to start in Accounting sooner to get hands on experience

[@arpandoshi9878]

How to manually calculate COGS for a manufacturing firm ?

[@Sisi88991]

Thank you! Very helpful!

[@mosaradwan]

Thank you for sharing this knowledge

[@tshephomonamesi2757]

This is a good analysis, I enjoyed it.

[@FahmeDeen313]

please also share excel file for practice.

[@chothar5453]

Sir, thank you so much for your informative video.

[@mohinshah3004]

can you please state calculation of headcount in this video

[@chsfbrr]

@The Financial Controller Hello Sr, hope you are well! Sorry, didn't understand how you formulate the headcount. Could you explain? Thank you in advance

[@sinthiadassi1354]

He too

[@KhalelFx]

how do you set up the head count?

[@princesslynneciervoguzman6082]

Hello sir, wht does it imply if the quick ratio is infinity?

[@masoodkhan294]

Thank you for your informative vedios ,could you please share this file in pdf with us appreciated 😊

[@doctnita]

Hi Bill Can you please share those excel files if possible so I can follow along Thank you in advance

[@piytube1]

Good

[@nogoogle6349]

Good job. Are you Chicano?

[@TheFinancialController]

grew up in the Middle East

[@larrygilbert2901]

I'm confused on the INCOME STATEMENT model structure. Why is 401k employer match, Medical Insurance, Customer support Salaries, Payroll Tax under COGS? Aren't those suppose to be part of Expenses? SG&A.

[@TheFinancialController]

Salaries/benefits of 'customer support' are considered "Cost of Sales/Cogs" in a software/service company

[@christianbravo8263]

How did you come out with those numbers in the headcount? Please explain 🙏🏻

[@TheFinancialController]

You would get it from your company's HR information system or ask HR team for it

[@zhyarjalal4179]

Can i pay a professional analyst to analyze the whole company statements for me ?

[@Ourdirtytwo]

Learn this! Dollars will NEVER DIE

[@tuananan79]

Can someone tag me the link for the excel sheet?thanks

[@MahgoubAdnan]

ACCOUNTING ANALYSIS Purpose : To Find Accounting Errors Used : Horizontal Analysis FINCIAL ( MANAGRIAL ) ANALYSIS Purpose : To Help Make Business Decisions Used : 1-Actual Vs Budget 2-Vertical Analysis 3-Ratio Analysis

[@nanyongacissy-w5y]

Would like to know the meaning of head count

[@TheFinancialController]

Means number of employees

[@bhavneshparikh8283]

Provide this excel file?

[@keyatia6657]

👍

[@Matthew8473]

This content is a revelation. I read a similar book that was a watershed moment for me. "Mastering Money Mindfulness" by Benjamin Hawk

[@logic484]

Hey Bill I sent you an email regarding a take home assessment help!

[@ltran6535]

🙂

[@abdellatifelnegiry7166]

Way over

[@theknotteddragon]

I love your videos, they have been helping me through interviews! Do you have a Discord Server?

[@suzy5166]

Sum up very well 🧡 thanks 🙏

[@Samskrithii]

Hello Bill Hannah, which books are best for CPA preparation : BECKERS or CPA WILEY exam books or some other brands ? Which one did you use.? Can you please make a video about your exam prepartion strategy and how you cleared the CPA exam ? Thankyou.

[@HamzaRagab]

Thank you for valuable information