3 CPE Managers in a sample of managers at companies with at least 150 employees took a simple financial literacy quiz and got an average of 38% of the questions right. How is that possible? There are varying reasons, but none of them are good. For those who have had limited exposure, or just a plain aversion to "the numbers", there is hope for becoming financially intelligent and increasing your credibility by speaking the language of business. This involves knowing the foundation of financials – getting back to basics.
This course offers basic yet essential information needed to improve your financial intelligence, complete with real stories about real companies. We'll cover the income statement, balance sheet, statement of cash flows, financial ratio classifications, cash vs. profit, and working capital strategies.
Learning Objectives
- Identify the assumptions and estimates in an income statement
- Discover key measures used to determine profitability of a company
- Explore the ratios to see if your company is growing or declining
- Identify the different sections of the financial statements
- Discover if your company has enough money to invest and continue to grow
- Explore the ratios to see if your company is using their resources effectively
- Identify the four classifications of ratios
- Discover the stories the financial statements are telling us
- Explore the ratios to see your company’s trends
- Identify the three key areas of working capital, and recognize how you can affect them
- Discover how you can improve the cash flow at your company
- Explore the variety of differences between cash and profit
Last updated/reviewed: March 21, 2024
65 Reviews (255 ratings)
Reviews
Anonymous
(Senior Accountant)
The information and presentation one of the best I have taken of the Illumeo courses. I would have rated this a 5 vs 4 if the questions regarding Apple's ratios were not questions or if information was provided to calculate the correct ratio in answer to the question. Lots of material presented one could not remember all the Apple ratios from the presentation to answer test questions.
Brian Chou
(Senior Accountant at Google)
The course was well done and material covered was good. The questions at the end however, assumed you had Apple's financials. I didn't have this information, so wasn't the best application of what I had learned.
Anonymous
()
Professionally done, I suppose, but the music is distracting, and the question content sources financial statements from a decade ago, and don't really track with the figures made available in those statements.
Anonymous
(Accountant)
This course was extremely informative and the instructor gave great explanations and details on the topics covered in the course. This course is very beneficial in helping understand these topics better.
Rene Galvan
(Broker at RGV Realty)
Great production! I wish all classes in this venue were like this. Already recommended class/instructor to non-CPA friend to help educate other board members to understand financial statements better.
Anonymous
(Not Provided)
Entertaining narrative + exercises. Even those who are already using financial racios will find interesting explanations about deeper meaning of financial information/ratios for the business.
Sherman Bamford
(Accountant at Carilion Clinic)
Good on the basics. I had hoped it would go more into analyzing financial ratios, trends and financial analysis. than it did. Good use of real-life examples. Good use of hands-on exercises.
Anonymous
(Accountant)
An entry level course, but well done. A good refresher, where concepts were explained well. Examples were relevant and easy to follow. I hope to see other courses from this instructor.
Anonymous
(Chief of Operations)
This was a very interesting course. Well delivered and challenging enough to keep you interested. Loved the quality of the lectures and all the examples given. Kept my attention.
Anonymous
(Controller)
This was a great refresher about accounting and finance, the last two modules were especially helpful. Excellent presentation, very engaging. I would prefer more courses like this.
David Morris
(CFO at Armstrong Transport)
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Christopher Hole
(Director of Internal Audit at Roseburg Forest Products)
Wow, what a refreshing change! Clearly a professional speaker and filmed in an engaging interview format. FYI...you will need your notes from the exercises to pass the test.
Lucy Kusewa
(Financial Management Expert at Independent Consultant)
Very interesting and remarkable presentation given in a clear and organised way. Presenter made it easy to understand ordinarily difficult concepts. I enjoyed the training!
Anonymous
(Accountant)
Did not think the Apple questions were relevant or fair.
Did not think the Apple questions were relevant or fair.
Did not think the Apple questions were relevant or fair.
Anne Heredia
(Financial Controller, GBUs and Real Esta.. at Oracle)
Very good course. It was easy to listen to and gave great examples of the importance of understanding financial statements. Also great examples of the use of ratios.
Michael Foley
(manager at nail jack tools)
I like the presentation, but in order to help certain people's learning processes, there needs to be more graphics and hold them longer while the speaker is taslking.
Lawrence DeParis
(Founder & CEO at C-Level Solutions LLC)
The instructor has an excellent teaching style which will resonate with non-financial professionals. Good "boot camp" for early stage finance professionals as well.
Anonymous
(Controller)
The course covered the stated learning objectives. The examples used were helpful for understanding the concepts. Lots of storytelling to keep the listener engaged.
Chantell Haines
(Accountant at SustainableBrands)
Joe is engaging and is able to talk finance and accounting terminology to just about any audience. This webinar is great for the beginner and the intermediate.
Mahira Sheikh
(Accounting Manager at DLC Group)
The best part about this course was the analytical side and looking at a real life example. Also, enjoyed the refresher course in these critical ratio's.
Anonymous
(Assurance Specialist)
Too many questions on the exam pertaining Apple's financials (which weren't provided for the actual exam). I was not expecting to memorize the information.
Derek Ettinger
( at GP Fund Solutions, LLC)
Excellent course that was taught in a manner that allows you to listen and absorb. The instructor is well-spoken and is able to easily illustrate concepts.
James Chuang
(Compliance Officer at Silverton Casino Hotel)
Fantastic and comprehensive review of the financial statements, key financial ratios, and the differences between cash flow, profit, and working capital.
Matt Parker
( at WCF Insurance)
This is a helpful course. The ratios were quick and not as helpful, but the first half, and the interesting examples, made up for the ratio section.
Anonymous
(Corporate Controller)
Great refresher on terminology and real life examples that can be applicable at this moment. Well presented and slides were very helpful.
Matt Brumfield
(Controller at Compliance Envirosystems)
The course was good overall. Exam questions specific to the Apple financial statements which were not provided should be removed/changed.
Anonymous
(Functional Analyst)
There was a lot of good information in this course. The supporting documentation was great and a definite keeper for future reference.
Darla Greer
(Sr. Fin Analyst at DTE)
He was very long winded. The switching from classroom to him speaking directly into the camera made it hard to follow and keep up.
David Kapka
( at NSI Industries)
My work computer doesnt allow zip files to be opened, made the test extremely difficult with all the Apple financials questions
Kyle Hilliard
(Plant Controller at Owens Corning)
Most engaging course I've taken on this site. Instructor does very well holding your attention and keeping it interesting.
Anonymous
(Consultant - Process Specialist)
helpful and very insightful for new to finance and accounting. The video is non-traditional, and feels like an interview.
Anonymous
(CPA / Owner)
Professional speaker. Insights into conclusions that can be drawn from financial statements and ratios are very useful.
Maya Walker
(Global Controller at Fourth Enterprises)
I really liked the content of the course and all the examples provided from well known companies and personal stories.
Anonymous
(Sr Financial Reporting Analyst)
Very good course - Joe is very engaging and makes the 3 hour course fly by. It is engaging for all experience levels
Jeff Bone
(Financial Advisor at Northwestern Mutual)
Really enjoyed this course, a great refresher and thought the way the course was presented was fantastic.
Chris Fameree
( at Diligence Solutions Group, LLC)
Pretty basic but useful for non accountants. Covers all three key statements and some analysis points.
Don Myers
(Finance & Operations Executive at -)
This course provided basics and provided great insights into video and slides. One of best courses yet.
Anonymous
(Sr. Manager, Fixed Assets)
Great course! One of my favorites taken. The speaker is very engaging, and a very skilled instructor.
Carlos Segura
(ACCOUNTANT at BOUNDS HEATING & AIR)
Enjoyed the speaker and content of the course. Great information to take with me and use on the job.
Anonymous
(Controller)
There should not be a character limit required for a review for a product I Have already paid for.
Anonymous
()
Great financial introduction for non accountants. For accountants, the examples were interesting.
Anonymous
(Consultant)
Great overview of ratio's. Easy to follow materials with good explanations of why these matter.
Anonymous
(Senior Accountant)
Really good overall overview and a great refresher on a lot of item I haven't seen in a while.
Anonymous
(Internal auditor)
For me it was the best Finance course - it is really good structured with real life examples.
Julia Kramer
(Financial Behavior and Leadership Consul.. at Signature Financial Planning)
I really enjoyed this class and remembering why the numbers matter in the big picture.
Sandi McDonald
(Controller at Attorneys Insurance Mutual of the South)
This has been my favorite course. The instructor was engaging and very informative.
Grant Brannum
(Agent at Treasury)
the course was an enjoyable review of methods used to analyze financial statement.
David Andrus
(Director of Finance at Colliers Interntational)
Good overview of basic accounting concepts and the speaker is easy to listen to.
Anonymous
(CFO)
Great review of the financial statements and helpful ratios for management use.
Marina Bisker
(Manager at Self Employed)
Basic course, did not like the supporting materials as they were very general
Anonymous
(controller)
Great class for beginners. He's easy to listen to and explains things well.
Anonymous
(Chief Growth Officer)
Great course that really helps review important areas of finance. Thank you!
Anonymous
(Associate)
I enjoyed the "conversational" approach to the course and the story telling.
Keith Baker
(Data Analyst at Charter Communications)
Might be too much information in once course, but it is great stuff.
Barbara Brown
(Statutory Accountant at Google)
Good course overall. I enjoyed it. Good refresher of basic material.
Ross Connor
( at HVAC Incorporated)
I liked this course. Candid instructor, good supporting materials.
Prashant Shah
(Manager-FP&A at jda)
Good course. I recommend all users to go through this course.
Anonymous
()
Great course with good ratios summary; good tools to use
Kristi Jensen
(Director Finance at Herman Miller,Inc.)
Good overall financial review for managers in business.
Kimberly McLamb
( at Kimberly McLamb, CPA)
Attention ratio nerds, this is your course! Loved it!
Russell Burr
(FA at AAA of Western and Central NY)
I would recommend this course to anyone that is a cpa
Parker Forge
(Financial Analyst at Stryker)
This is a really good, thorough review of Financials.
Anonymous
(Director Net Revenue)
Good overview of how all the statements work together
Anonymous
(Internal Audit Director)
Thank you very much for the excellent presentation!
David Kapka
( at Collins Aerospace)
Awesome course, love the personal stories in there.
Prerequisites
Course Complexity: Foundational
No Advanced Preparation or Prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Joe KnightOwner/Senior Facilitator
About Illumeo
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- Email: info@illumeo.com
- Phone: 408-400-3993
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- Av #221, Campbell, CA 95008
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