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Recorded webinar | ACCA

Analysing financial statements

This half-day course equips attendees with the analytical tools to decode financial statements and spot red flags before they become risks.

Overview

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Financial statements can possess an abundance of information that may not immediately be apparent simply by looking at the primary financial statements or the notes. Careful analysis, whether you are a potential investor, auditor or director, of the financial statements is crucial if you are needing a deep understanding of the information conveyed in the financial statements.

This half-day course looks at key issues in respect of financial statement analysis, including:

  • Key measures of profit
  • Revenue recognition and how this affects financial statement analysis
  • The link between profit or loss, balance sheet and the cash flow statement
  • Application and limitations of EBITDA
  • Disclosures in financial statements
  • Fraud and its red flags
  • Ratio analysis and what this tells users
  • Implications of financial statement analysis for auditors
  • Spotting discrepancies in financial reports that may indicate problems or errors

Steve Collings

Steve Collings FCCA is a director at Leavitt Walmsley Associates Ltd, a firm of Chartered Certified Accountants based in Sale, Cheshire where he trained and qualified.

Steve specialises in financial reporting (UK GAAP and IFRS), auditing and solicitors’ accounts rules and has lectured extensively to professional accountants in the UK and overseas (most recently in the Caribbean on IFRS and auditing).

Steve is the author of several books on accounting and audit-related issues and has been the author of many articles and whitepapers on financial reporting and auditing topics. He writes extensively for ACCA working closely with our technical advisory department to produce some of our authoritative technical factsheets on financial reporting and audit-related issues for our members. Steve has been awarded Accounting Technician of the Year at the British Accountancy Awards as well as receiving Outstanding Contribution to the Accountancy Profession award.

Steve is on the UK GAAP Advisory Panel at the Financial Reporting Council which has input into the development of UK and Irish accounting standards.

The webinar handout material will be available on the webinar platform when you log in to view the session.

If you wish to view or download handout materials, before starting the webinar, they will also be available through your document library on https://events.accaglobal.com

This event was recorded on 17 Nov 2025

Price

Price (excluding VAT) 133 GBP

Location

United Kingdom

Date & time

On demand

Enquiries

Email enquiries UKCL@accaglobal.com

Course provider

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