Why Most People FAIL To Be Successful At Financial Analysis
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- เผยแพร่เมื่อ 27 พ.ค. 2024
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Upping your game when it comes to analyzing finances is a critical skill. When you not only understand how money is created, how it flows, and how it multiplies, but can also give recommendations… you give yourself one of the most valuable - and lucrative -- skills in the world. When you speak the language of finance, doors open.
Here’s the thing: Anybody can learn to read and analyze financial statements. So then why do so many people struggle in this area? Because nobody taught them in simple terms how the numbers flow into the reports. Basic concepts like debits & credits, and how journal entries go from the general ledger to a trial balance, and to the financial statements. There's a certain grammar to this language of business that you need to be comfortable with. Most books and courses use the same terminology which can be too technical or too dry for many people.
Come join my proven learning system - that half a million professionals have already completed successfully - and give yourself an unfair advantage in your career.
00:00 Why You're Failing in Accounting
02:56 What is Financial Analysis?
04:57 Why Context is Important
06:12 How to Learn Financial Analysis
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- Accounting Basics: • Accounting Basics Expl...
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#finance #accounting
Get access to the complete course Fundamentals of Financial Analysis here 👉 www.xelplus.com/course/learn-financial-analysis/
In total, how many hours is this course?
Might be the best opening 60 seconds in the history of TH-cam. No doubt the course is just as well thought out and planned.
I always ask myself why Leila's lessons so comfortable to watch in compare with others. And I defined several reasons for myself:
1. She is never in a hurry. Explains everything calmly and clearly.
2. She never stumbles, it is immediately clear that she is preparing for the lessons very seriously and thoroughly.
3. Her videos usually don't have music. It's generally just great. Because music is usually distracting. If I want, I can turn on the music and listen to lectures under it.
4. We see both the lecturer and the screen alternately, and this does not bother us.
5. She explains very briefly but concisely.
6. This is the most important sound quality is just super. It's nice to listen.
Thank you Leila, You were born to teach. Best regards - Samir Mammadov from Azerbaijan.
Agree 100%! And I love the way courses are broken down into sections so I can easily go back and find something if I forget.
Thank you so much! Your comment made my day. We’ve been struggling with getting good audio for years. It’s really nice to see that it’s paid off 😊.
I’m also happy you enjoy the pace of the videos.
@@LeilaGharani You are always welcome :)
I agree completely!
@@ismailkhusniddin2664 Why do you think you should get a refund? You learn all the info, then subjectively and without any acceptable reason decide that you don't like it?
If you get a degree; should anyone who lies about not liking it get a refund? How about if you buy some groceries, and eat them then say you didn't like them?
...unless of course she offers such a guarantee.
Re: your question... You could probably torrent it to others. But that's besides the point. And the only reason I'd suggest suggest such a thing is due to the lack of a response. Any moderately respectable business knows the importance of communication and customer support.
I'm having a flashback, remembering my most inspiring accounting mentor Mr. Ed Plata. He made me love and appreciate accounting beyond debits and credits and financial statements. I dedicate this very interesting video to my mentor. Mr. Plata, I miss you. May you rest in peace.
RIP sir. Very rare to find a mentor in accounting field.
Considering his name was “Plata”, I am sure he must be great with financials.
@@tan_k He was working with USAID the time he passed away. Great mentor and friend.
Thank you for this wonderful video Leila! It's very rare to get a holistic and down to earth view on financial analysis and accounting
Thank you for sharing your perspective and break down of Financial Analysis.
Yes, finally the course I wanted came. On December 14, 2019, I suggested that you can give a course in this area you were an expert, and you said you would take this suggestion into consideration.
Now that's real.
You are the only channel that can give financial analysis and excel information together and will be able to reach this knowledge and will gladly be involved in this course.
Hey, engineers, bankers, financiers, students and many, what are you waiting for, the bell rang, everyone should enter the class
Love the "acting" at the start of this video! Having done some of your courses I'm sure this will be a brilliant one to get people to really understand those accounting terms (without having to Google them!) and how to crunch the numbers.
Hi Leila,
You've indicated a real case faced by many, and everyone is shy to admit. I need this course and I'm sure it will be as good as the excel ones.
Good luck!
I almost choked at "The (!) current ratio (????)" I was eating 😂
I have an accounting degree, hard fought but I did it and found this channel to help fill in the business skills recent grads had advised we would need but weren't covering in our courses. I've barely used outlook, and while my word, pp, and excel skills are all intermediate, I've never heard of xlookup or vlookup - which employers wants.
That's Amazing Liela ...i'm ready to refresh my accounting knowledge with you
You're absolutely right here, love your videos btw 💚
We need more videos like this
Love this video. Plain and simple... yet powerful...
Congrats on the new launch
Thank you very much for your videos, by watching them i learn a lot on how to make excel less complicated and spend less time on all my needs. You are the treasure!
I become a nerd and fan of your videos you make things look very easy for me.
I love the opening! Spot on!
Hi Leila, this video is much better with email ads has over thousands word to go through ! Definitely in! Thanks a lot. I really enjoy with your course and your concept to make finance clear and easy !
Happy to hear that Minghao!
I’m well into this course and have already learned things I THOUGHT I knew. I have to force myself to take a break. No one teaches the way Leila does.
Thank you so much for your feedback. I’m very happy to hear that.
@@LeilaGharani I recommend you to people at work all the time!!!
Leila is an awesome instructor! Thank you so much for all you do.
Leila is the best! That's for sure!
Really interesting, thank you !!
I used to follow you for Microsoft apps learning but I think you are changing gears, so I’ll pass this, additionally in your PPTs it’s very difficult to find mistakes but at 7:28 in this video it’s JOURNAL ENTRIES, best wishes to you..
I appreciate your assistance.
I really needed this. Thanks for sharing your knowledge. ^^
You're so welcome!
Thank you for your usefully videos!!!!
Fantastic intro😀👏Thanks for sharing!
Mz Leila, this is very good. Thank you so much.
I support Leila having their own site and selling also in Udemy. I bought an Udemy version of Power Query and is real high quality. Absolutely profesional job. TH-cam and Udemy is full of mediocre courses and everyone copying each other. I think there are just people who complains about everything! Every video requires many hours of work! Plus she's a real professional look at her LinkedIn profile she's not improvising here folks
Although I am not a CPA, I have worked with these topics for decades ... and am reasonably comfortable with them. Nonetheless I will still take the course at some point because I suspect Prof Leila could still provide illumination for me to have an "AHA!!!" moment. Another 'gem' I'm sure.
PS
At the 1:45 mark Leila commented: " ... I like things to make sense ..."
Me too. In grad school I took a US Federal Taxation course ... very little makes sense in the US Tax Code when determining 'Taxable Income'... IMHO ... 😖
Good to know it's not just our tax code that's unnecessary complicated 😊
Most of this stuff you’re saying I was answering before you said the answer to it. Glad I have a strong accounting foundation.
💪🏽
This so real but true. You are correct about how they teach accounting. I also find that still use the example of warehouse work to teach accounting which is still valid but they don’t seem teach accounting from any other industry stand point
I moved from Finance to Sales Enablement. I hear you. You are the Modern Day Dronacharya when it comes to Excel.
I just remembered the moment when, for the first time, I calculated Cash Flow Statement from Income Statement and two Balance Sheets :) I was so happy since at that moment everything just "clicked". Your video reminded me of that moment. Anyhow, when i try to do ratio analysis, I usually cover five areas: Liquidity, Profitability, Activity, Leverage and Coverage. Combination of ratios from these five areas allows experienced analysts to do diagnostics. Looking at ratios from one or few of these areas ends up by describing symptoms only, without ability to perform diagnostics. Based on this intro video, I do not doubt that course will be excellent! :)
Thank you for the nice comment 😊
Great Leila, along with the acting up front :)
Leila is the GOAT! Great video
As a person belonging to the same field.. I understand your first part.. about how accounting is taught and what it is in real world.
And it was a good cameo in the beginning .. but I still need the answer to the question
"Is debit balance a bad thing" 😂😂😂
What a flashback to our shared former employer ;) Very well done! 👍🏻
Great tutorial lovely 💐🌹🌹
Brilliant Leila!
Thank you, Leila.
You're welcome 😊
I love your context analogy explanation using FIRE! 👍😀
Thanks! 😃
You are so pretty, Leila. I watch your videos because it is a joy to see and hear you. Keep up the great work.
I felt the same way too, when I took up an accounting module in university. For someone who likes maths, number and logic, I am shocked that I couldn't understanding accounting. I understand how to do it, but I never understand the meaning behind the motion. I am glad and relieved that it is only for a module in university, and I did not choose to take up accounting degree. Always thought it is my own problem, but glad to know now that I am not alone.
You're definitely not alone :)
This lesson is worth 1 and 1/2 of Bitcoin (market value on 4/22/2024)! Appreciate very much your tips, Lady Leila. Today I have watched 3 of your videos and each one three times!
I find its about Humility. Humble yourself and ask how your company does it - chances are its different than the Book teachings. How many people actually are willing to admit they don't know everything??? Great job as usual - i enjoy your channel.
Love your channel, love your presence on it. At 7:25 I think you meant to display "Journal Entries" rather than "Entires". I'm confident you were simply testing my powers of observation and the lesson to me is Attention to Detail Matters. :)
Your friend and admirer,
Karl.
You caught me there, Karl 😁
Classic radio reciever , I like this !
Leila, you killed it🤣. That intro was THE INTRO ahaha
Her pony tails did it for me 🤫🤣🤣🤣🤣🤣🤣🥰🥰🥰🥰
Love your videos
Lovely your channel
I loved the post-its on the monitor!
😁
Great video
Thank you for your interest in spreading the flag. I, with your permission, need Chit Excel to apply the pricing of the incoming first, to be spent first in inventory using oxygen, but at a dysfunctional code.
Thank you mam..👍
I love your videos. Thanks for your time investment in these. Please note at 7:29 you have "entries" misspelled on the screen.
Thanks for the feedback, Brian!
Already joined the course.
Hope you'll enjoy it, Roger!
@@LeilaGharani Yes indeed, I could already clear some doubt and eliminate some misunderstandings. So far I did about 25% of the lectures.
Excellent, Leila! Please have a look at the so-called "DuPont" model which makes sense of business accounting and I see you mentioned asset turnover, which is often forgotten as most people focus on sales and profit margins. Beware of the terms "debt" which some people relate to bankruptcy and "assets" which often include items which do not contribute directly to the money-making ability of a firm. The accountant's definition of an asset could include that mahogany executive desk or some status symbol. The best test of an asset is to ask "is it essential or desirable?"!! ROE and ROA are the essential ratios to compare one business with another. Overtrading and undertrading are what kills most businesses.
Thanks for sharing. The DuPont framework is a classic.
I did a linkedIn learning course on dupont analysis. It was very informative. Changes the way you look at financial statements. Hope we can have something similar from you in future Leila.
Hi. I keep watching your tutorials and they are very helpful to improve our skills. Big thanks for all your efforts.
I have a query on how to distribute any value/amount between 2 dates automatically based on a weekly timescale.. Please help me with this..
Amazing course. Leila can you help in one trouble i am faceing ; when start to enter formula in a cell e.g: sum formula , excel start to select a range or even un- grouping columns/ rows despite of the secection area is not rang but cell
Thank you for this video. Can you please make a youtube video on Forex exchange and how it impacts the business? Thank you!
thanks.
Salaam Khaneem Leila, could you please upload full class of excel. I want to lean from beginning please upload it. Tashakor!
Bravo!
Lovely solid this new course may just be my solution how do I access?
I usually just come here to learn to do something in excel I don't know how to do, but this video was really interesting to me. Thank you
What is the intended goal for a student of your course? I've always been terrible with understanding financials, but I'm pretty decent with excel...
Is it for someone that wants to learn how to start their own company? Maybe to teach someone how to invest their money? I'm sorry just financial stuff always confuses the crap out of me. Lol
the music pothering us thank you
I couldn't even get through the second chapter text in "intro to accounting". Literally. I had to use a close to 25 percent of my instuctors office time, WHILE i had a tudor for this. Not one bit of grasp. I failed it. But i didnt quit.
@leila Gharani....I am trying to purchase your course on financial analysis but it's declining my card. What's the problem.
Longer you in the industry, by having effort to learn and study on it and solve, more you know and understand the whole things.
You're so amazing
I’m interested in hearing how you can marry your Excel competences with accounting to make the entry and adjustments of these forms less clunky. I recently took accounting at the MBA level and there wasn’t any explanation of how to do this efficiently in Excel.
Awesome 👏🏻
Thanks 🤗
Leila, ‘Hollywood’ awaits you. ! Excellent actresss ! Lol
Yeah, I noticed that look in her eyes when she was speaking to her boss, then looking back to the computer.😂 Has a future career in acting. Welcome to Hollywood! 😂
Enrolled!!
Happy to have you aboard!
speaking about accounting? Any idea how it works in Financial Analyst in investment banking where you analyze financial markets any idea ?
2:18 Me Too , I also suffer from the same problems
I have joined the course and am especially excited to learn more excel tips and tricks. Is that wrong? 😀😂
Please help. How to create interactive stock market candle chart with volume at the bottom?
I was wondering what that short of the 'look when you don't know what your boss wants' would be used for and was not disappointed 😂
You just need to balance it out between education and works experience. Once you start working and applying concepts to real life scenario, it will make more sense. It’s also helpful to have a good mentor and smart colleagues.
Very true!
It will be hard to understand Accounting with only few units compared to a garduate with major in Accountancy. There’s a lot of Accounting terms, ratios, reports, analysis, etc. You wont easily get them from a few units or working in a Finance Department..
I'm only :67 in and I'm already on the floor laughing. "She said you need to pay it back!" 😂
Luv it!!!!!!!! Could not stop laughing.
Same thing for me I studied economics but couldn’t understand the logic in accounting.
Hello leila,
I am a huge fan of your channel and i continuously watch your videos. I want to make a one of your courses since it might help me with my career. I am a finance manager for a company based in Qatar. I came across the financial modeling course. I know everything in accounting and but i thought of buying it to refresh my memory again. My question is:
Does this course teach me how to construct the financial statements on excel or it is just a course for teaching accounting concepts or principles?
Does the course teaches me how to do general journals and then trial balance on excel And contructing all financial statements.
Appreciate your reply since iam trying to.find a course which will.help me.do that since our compamy does not have a software.
Our course focuses on accounting and finance concepts. You'll also learn key Excel functions useful for these topics. We'll also show you how to make a trial balance, an income statement, and a balance sheet using Excel. However, this is for understanding of how these reports are constructed. It does not provide an alternative to an accounting software. Hope this helps.
@@LeilaGharani
Much hanks for your reply. Yes my needs are basic since we are a service based company. Thank you alot
Will it be available on udemy ?
Is there any discount for Egyptians as we have floating currency nowadays
Can you do training video using excel for budget analyst
Hi Leila. Just wanted to let you know @7:26 *journal entires needs to be corrected.
Btw, I think I need this course.
That escaped us in the reviews. Thanks for the feedback.
Hi Leila, will you please help me in removing the last four zeros from my large numbers excel file, such as making 123456780000 to become 12345678 (12-digits to become 8-digit numbers)
The most important point here is.... Whether the boss understand the terminology correctly?? Or ..he is just bluffing??....
Leila is it possible to see if this course will be launched on Udemy
No sorry, it's exclusively available on XelPlus.
It's essential to hire the right people with the right qualifications therefore CPA need to do it. Bosses shuld be aware. Economics has thier own advantages in other places.
Hi Leila, are you planning to extend the promo after May 10th?...please🙏😉
No sorry, the launch is over.
Hi Leila. Do you have a Power Bi Course?
Not yet but it's in the works. Stay tuned :)
@@LeilaGharani Thank you for the update. You are the best😘😘😘😘
That's cinema quality
Hi, Leila. Will this course be available on Udemy soon?
No, this one will be on XelPlus only.
@@LeilaGharani thats not fair leila
Why is this one not on LinkedIn learning or Udemy?
I love you leila 😍😍
Hi, I am from India can I enrol in this course
Yeah Leila :)