Financials calculator
Credit: Image by Dave Dugdale on Flickr. Some rights reserved
Feeling reasonably comfortable with the basics of financial analysis, but want to take your knowledge to the next level?

Financial journalism: Intermediate is an intensive one-day workshop designed to builds on the contents of Financial journalism: essentials. It offers a deeper and wider take on financials, providing delegates with the tools and know-how to probe company accounts in ways that really add value for readers.

Course description

Led by established business journalist Peter Kirwan, the course begins with a quick-fire recap of the basics of financial reporting, before quickly moving on to introduce more sophisticated concepts via a series of practical exercises.

As with all courses, the training will focus on the latest tools and techniques with an emphasis on practical, hands-on learning.

A sandwich buffet lunch plus tea, coffee and pastries is included.

Delegates will be expected to work on a series of exercises. At the very least, this will require a basic familiarity with reading and analysing company accounts.

This course is available at a discount if booked as part of a two-day course alongside Financial journalism: essentials.

or more information, or if you have any doubts about whether this course is right for you (or your employees), please get in touch.

What will the course cover?
  • The basics – P&L, balance sheets, the corporate lifecycle, tools of the trade
  • Costs – Costs on the P&L, capex and opex, exceptional items, staff costs and cost-cutting
  • Depreciation, amortisation and impairment – What's the difference? How do these concepts work in practice?
  • Accounting standards: jargon buster
  • Equity: the investor's perspective – growth, income and value, earning per share, dividends, share buy-backs, ROIC, ROE, ROCE
  • Debt: the bank's perspective – sources of debt: loans and bonds, risk and interest rates, financing costs, covenants
  • Valuation – price/earnings ratio, multiples, market capitalisation, enterprise value
  • Understanding start-ups and high growth companies – including key characteristics of high growth companies and analysing start-ups
  • How to analyse large companies – comparing industries, sectors and lines of business
  • Crisis – boardroom splits and active investors, going private, when banks become shareholders, liquidation, administration and receivership
What will you learn?
  • How to analyse company performance in a way that prepares you for in-depth interviews with CEOs, industry insiders and well-informed sources
  • How to move beyond the P&L to build a more nuanced picture by analysing balance sheets and cashflow statements
  • How to start comparing the performance of individual business units and companies with their peers across sectors and industries
  • How to better understand the often complex ways in which large companies attempt to balance competing financial priorities (including the demands of shareholders and the need for investment to sustain the business in the long-term)

Please bring: A laptop and calculator. You will also need a Google Drive account for sharing documents.

For more details, to suggest a course, or to express interest in becoming a trainer please contact us.

Terms and conditions.

See more training courses or find out about our range of in-house training options.

Getting there

This course will be held at The Bridge, 73-81 Southwark Bridge Road, London, SE1 0NQ.

About Peter Kirwan

Peter has been a business journalist for 20 years, having written for the the Guardian, Wired, Media Briefing and Press Gazette, where he wrote the Media Money blog between 2007 and 2011.

He also spent four years working at Computing, the trade weekly for IT professionals, as editor and later as publisher.

Over the years Peter has been on the receiving end of sufficient reaction to know that few things animate our leaders more than informed analysis of their financial dealings and performance.

Find him on Twitter @petekirwan.