Financial Analysis – a practical approach



This eight-hour course on financial analysis demonstrates how you can perform a comprehensive financial analysis of any organization using a variety of ratios derived from its financial statements.

In this course, we illustrate multiple ways of digging through financials and calculating meaningful ratios, turning a good financial analyst into a great analyst.


Learning Objectives  

  • Learn to read and analyze the major financial statements - Income Statement, Balance Sheet, Cash Flow
  • Be able to evaluate a company using ratio analysis
  • Go in depth into the financial reporting specifics for individual line items
  • Practice various financial analysis techniques


  1. Factor analysis methods of the main elements of the income statement
  • Analytical procedures
  • Chain substitution method
  • Factor analysis of working capital
  • Factor analysis of COGS
  • Factor analysis of EBIT – case study
  • The structure of costs: Fixed costs, Variable costs, Break even analysis
  1. Balance sheet analysis
  • The structure of the assets:
  • Fixed assets utilization ratios
  • Current assets utilization ratios
  • Financial leverage ratios
  • Gearing ratios
  • Liquidity ratios
  • Shareholder equity ratios

What makes this course different

  • Experienced Instructor
  • Interactive Experience
  • Well Structured
  • Case Studies
  • Red Flags for possible manipulation of financial statements

Learning activities 

  • During the course the concepts introduced will be practiced with interactive activities. Different case studies will be given to illustrate the concepts presented.
  • The webinar will be highly interactive.
  • Prerequisite: A basic financial background is compulsory.


Target audience

This financial analysis course is perfect for any aspiring financial analyst working in investment banking, financial planning and analysis (FP&A), equity research, corporate development, and other areas of finance and accounting and any professional in business, with a basic financial background, who wish to increase their knowledge and skills related to the financial analysis domain.


Facilitator: Mirela Păunescu, PhD, MBA, FCCA, CIA. Top consultant holding an impressive portfolio of international and national professional qualifications such as: FCCA, CIA, CAFR, CCF AND CECCAR, along with a solid academic background: a PhD in Accounting from ASE Bucharest and an MBA from Bentley University USA (graduated with High Distinction).


Number of participants: max. 12

When and where:

  • April 24, 2023: 9,30 am – 6 pm
  • October 13, 2023: 9,30 am – 6 pm
  • The webinar will be delivered using ENVISIA Online Platform, allowing the virtual participation, both from home and from work, with no risks associated, using just a browser. After the registration to the course, one day before the online sessions took place, the participants will receive a link to access the virtual classroom.  
  • Duration: 7 hours net                        

A digital certificate will be issued by ENVISIA, after the course


How to enroll:

  • If you are buying the course for yourself, as an individual, please click on the Buy course button and follow the steps in the form
  • If you are a representative of an organisation and want to buy this course for your team / colleagues, please click on the Contact us button and follow the steps in the form.

For additional information:

Gabriela HÂRȚESCU, PhD

Dean & COO, Member of the Board

ENVISIA Business School

Tel: 0040.748.886.800



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