Automate and Verify Financial Statements

Overview

"Automate and Verify Financial Statements" is an intermediate course for finance and data professionals who need to build reliable, dynamic three-statement financial models from raw data. In today's data-driven world, manual and error-prone spreadsheets are a liability. This course will teach you to move beyond them. You will master the advanced Excel formulas and structural techniques required to build a fully automated Profit & Loss Statement, Balance Sheet, and Statement of Cash Flows. Through hands-on labs and expert-led screencasts, you will transform messy transactional data into a sophisticated model that updates dynamically. Using real-world case studies of financial disasters like Archegos Capital, you will learn not just how to build, but how to verify. You will construct reconciliation schedules and perform the critical checks that prove your model is balanced and accurate. The course culminates in a final project where you will build and validate a complete three-statement model, a core skill for any serious financial analyst.

Syllabus

Automate and Construct the Core Statements

In this module, you will build the engine of your financial model. You will start with messy, raw transactional data and learn to structure it for automation. Through hands-on tutorials, you will master the advanced Excel formulas needed to construct a dynamic Profit & Loss (P&L) statement and the foundational shell of the Balance Sheet. The focus is on creating automated links that ensure your core statements are efficient, scalable, and ready for the critical reconciliation process that follows.

Reconciliation and Verification for Model Integrity

With the core statements built, this module shifts focus to the art of verification. Here, you will construct the Statement of Cash Flows, which serves as the ultimate bridge between the P&L and Balance Sheet. Using real-world case studies like the Nomura Holdings misclassification, you'll learn why perfect reconciliation is non-negotiable. You will master the techniques to ensure every component of your model ties out, culminating in a final validation that proves your model is balanced, reliable, and professional-grade.