Financial Analysis Tools

Financial data is of little to no use without advanced analytical skills. Accountancy isn’t only about producing data and reports, but knowing how to work with the data gathered and associated financial analysis tools. Financial analysis refers to a series of processes whereby the past, current and future financial performance of the business are considered. Reports are produced to indicate successes, shortcomings and how to improve performance going forwards. For greater accuracy and overall productivity, accountants implement various methods and techniques of financial statement analysis. However, their value can only be extracted by those who know exactly where, when and how to use them properly.

This tutorial focuses on the tools of financial statement analysis and their value in contemporary corporate accountancy. Along with an introduction to a series of key tools, content covers data analysis methods, how to work with annual reports, producing charts & graphs, using ratios for decision making and how to identify high/low-risk companies.