Understanding Financial Statements

Trainer: Mark Graham
Duration: 24 hours
Delivery: Online or in-person
Timing: Three full days (timing can be flexible)
Cost: R18,400 (incl VAT) per delegate. Best price guaranteed
“Mark brought the class alive! He made it fun, but also clear. He made complex principles understandable, and empowered me to tackle difficult concepts. His style and effectiveness as a teacher radically shaped how I wanted to contribute in the classroom.”
~Richard Mellon

Get a free gift voucher by booking your spot on this course!                                                               
Click here for more info.


This course gives you everything you need to be able to read and interpret financial statements prepared in accordance with International Financial Reporting Standards (IFRS).  It will empower you to analyse a business by making effective use of the detail and nuances contained in the statement of financial position, statement of comprehensive income, statement of cash flows and the accompanying notes. No prior knowledge of finance or accounting is required.

This course will be especially useful to anyone who:

  • Needs to read, interpret, and analyse financial statements
  • Is required to extract information from financial statements for the purpose of analysis
  • Wants to use financial statements to run their business more efficiently and effectively
  • Manages, or just needs to converse effectively with, finance and accounting professionals
  • Works in the financial sector and requires a firm grasp of accounting jargon

Delivery method

  • Live, online sessions with Prof Mark Graham, who strongly encourages interaction and participation
  • Real-world case studies based on the recent financial statements of well-known local companies
  • Pre-reading for those who wish to prepare
  • Constant emphasis on how to apply the course material in your own working life
  • Daily fun quizzes to embed learning and evaluate progress

Course outline

  • Module 1 – Accounting basics: the double-entry system; debits and credits; financial statements
  • Module 2 – The Statement of Comprehensive Income: revenue; other income; expenses;, profit; alternative performance measures; earnings per share.  The Statement of Cash Flows: profit versus cash flows; operating activities; financing activities; investing activities; cash and cash equivalents
  • Module 3 – The Statement of Financial Position: assets and liabilities; property, plant and equipment; investment property; intangible assets; inventory; loans and receivables; other financial assets; non-current assets held-for-sale; agricultural assets; provisions; financial liabilities
  • Module 4 – Other accounting items: leases; foreign exchange; deferred tax; group financial statements; subsidiaries; associates; joint ventures; goodwill

Click below to book or ask about our offerings

Delivery: Online or in-person

Duration: 24 hours

Timing: Three full days (timing can be flexible)

Other info: Click "Ask a question" to find out more; or "Request a booking" to arrange an exclusive course for your team.

Cost: R134,315 for up to 10 delegates + R6,414 per additional delegate. Prices include VAT. Best price guaranteed

Share this page:
“Mark Graham is by far the best lecturer at the GSB in my experience. Very knowledgeable, and so comfortable in front of the camera. I thoroughly enjoyed all his classes because he made the work simple, fun and interesting. He coached us along the way on how to approach analysing any company, what to ask and expect, and how to interact with them.”
~Hex Novea
“Mark’s “Big Picture” diagram makes complete sense of the annual financial statements. He never gets lost in the weeds of detail. In the class, he is meticulously prepared, uncompromising in his desire to help students learn. And he takes his work seriously, but never himself.”
~Paul Maughan
“Mark’s lessons helped me hugely in leading my company though this period. The pandemic hurt a large portion of our business, and so I just kept things simple. We reined in our spending and made sure we were converting profits into cash. We got through last year, and this year looks like a good year so far. Mark, thank you for being part of my MBA journey – you really made the whole experience!”
~Anonymous MBA student

Join our newsletter

We won’t ever sell your details. We’ll just send you helpful info about fantastic courses.

Ask a question

Request a booking

Ask a question

Mark Graham

Mark Graham

For three decades, Prof Mark Graham has helped current and aspiring businesspeople to understand finance. Ask anyone who has studied at UCT’s Graduate School of Business, and they are likely to name him as their favourite teacher.

Although his career was built teaching finance and accounting at the most advanced levels, Mark’s real passion lies in making finance and accounting accessible to those who need a more basic understanding of these topics, in order to run their businesses or communicate with the finance people in their organisation.

His unique style of teaching financial literacy was honed in the classes of UCT’s MBA, where he has been voted Best Lecturer almost every year for the past 20 years.

Academic credentials:
  • UCT Emeritus Associate Professor
  • Former Head of the College of Accounting, UCT
  • Taught accounting and finance at UCT’s College of Accounting and UCT’s Graduate School of Business for over 25 years
Commercial credentials:
  • Former Chartered Accountant (CA(SA)) and Associate Chartered Management Accountant (ACMA)
  • Has occupied senior financial positions in the United Kingdom
  • Regularly presents public and in-house courses on various aspects of accounting, finance and integrated reporting
  • Consults on a wide variety of issues to accounting professionals in large corporations and in the “Big 4” accounting firms