Financial Statement Analysis Program
Learn to read between the lines of financial reports. This isn't about memorizing ratios—it's about building the instinct to spot real value and red flags in company fundamentals.
What You'll Actually Learn
Most courses throw formulas at you. We start with actual annual reports from ASX-listed companies and work backwards. By week three, you'll be dissecting balance sheets like someone who's done this for years.
Income Statement Deep Dive
Revenue quality matters more than revenue size. We'll show you how to spot aggressive accounting, understand margin trends, and why some companies report "adjusted EBITDA" instead of actual profit.
Balance Sheet Reality Check
Assets aren't always valuable. Liabilities aren't always scary. You'll learn to decode goodwill write-downs, working capital changes, and debt structures that actually tell you about management's priorities.
Cash Flow Statement Secrets
Cash is truth. We focus heavily here because this statement is hardest to manipulate. Operating cash flow diverging from net income? There's usually a story worth investigating.
Putting It All Together
Final weeks involve complete company analyses. You'll present findings to the group, defend your conclusions, and learn from others' perspectives. Past students say this is where everything clicks.
Learn From Practitioners
Our instructors work in equity research, portfolio management, and financial advisory. They bring current market examples and real-world context to every session.
Callum Isaksen
Spent eight years covering industrials for a Sydney-based fund. Callum's known for breaking down complex financials into plain language—something he learned from explaining picks to non-finance portfolio managers.
Sienna Drummond
Previously worked in Big Four audit before switching to buy-side analysis. Sienna teaches the cash flow module and has a talent for spotting earnings quality issues that others miss.
Fergus Brandt
Runs a financial advisory consultancy in Brisbane. Fergus joins us for the final workshop sessions, bringing case studies from actual M&A due diligence work and discussing how buyers scrutinize targets.