Backup of exploring my self

AS29 : Provisions ,Contingent Liabilites and Contingent Assests Basics liability : Settlement expected to result in outflow present obligation : > 50% likely that result in outflow of resources possible obligation : <50% chance All about Provisions meaning : liability which can be measured recognition criteria (3 conditions) >50%chance +  outflow + reliable estimate measurment provision best estimate other notable points All about Contingent liability meaning : consumer filed a case possible obligation <50% of loosing case i.e, flow of resources present obligation  outflow not probable reliable estimate cant be made recognition: should not be disclosed disclosure : generally  disclose but dont disclose if remote Contingent assest meaning : possible assest recognition: dont  exception: if virtually certain disclosure: director's report Reimbursement recognition : only virtually  certain valuation : must not exceed provision disclosure :  p/l /; show net of provision b

  Valuation & Corporate Finance The most-commonly used and perhaps the best resource to learn about corporate valuations is Professor Aswath’s Damodaran’s writings and courses. Prof. Damodaran teaches at NYU, and is widely regarded as the authority on valuation and corporate finance. You can either go through his video lectures or you can read his books . For video lectures, you can either see his full lectures (classroom lecture recordings) or smaller condensed lectures. I feel that the latter are enough to understand the basics, and you can watch the former if you want to see the principles being applied. If you are just starting out, the smaller lectures are advisable: [Short] Valuation [Short] Corporate Finance [Full] Valuation [Full] Corporate Finance If you prefer books, Damodaran on Valuation is an excellent book. A relatively lesser known book which I found really useful is Valuation: Measuring and Managing the Value of Companies by McKinsey & Co. I believe it

  Financial Modeling A financial model is simply a tool (generally built in Excel) to forecast a business’s financial future. It serves as one of the critical inputs for financial analysis and valuation. Knowing how to build an integrated 3-statement financial model and Discounted Cash Flow (DCF) model is a must-have skill for professions like equity research, investment banking and private equity. I will divide the recommendations here in two parts. First , in case you want to learn financial modelling just to build or augment your skill-set. Second , in case you want to obtain a certificate of having gone through a financial modelling course to improve your chances of landing a finance role. For the first case, if you are just keen on learning, I would suggest subscribing to A Simple Model . While there are a lot of free tutorials available online, what is actually needed is a structured approach to learning financial modeling, and ASM does a very good job at that. And for just U

  Industry & Business Analysis An excellent way to learn industry and business analysis is to go through equity research reports by leading brokerages – particularly ‘Initiating Coverage’ reports. IC reports provide a comprehensive analysis of industries and businesses. Some of the reports can be found here: Trendlyne There are also some groups on Telegram which provide access to equity research reports. Here’s the link to one of them: Equity Research Reports Another great place is the ValuePickr forum. You can find several quality discussions on companies and industries here: ValuePickr Forum And here’s a good place to scan through financials of listed companies as well as look through key ratios, peer comparisons etc: Screener There are several other good books and blogs which deal with industry analysis. I have covered them in my other posts on this blog (links at the end of the post)

  Financial Reporting & Analysis A large part of finance is understanding businesses, and in order to do that well, a sound knowledge of accounting is essential. While you may not need to know how to actually make financial statements, being able to read them and to draw inferences from them is an important skill to have. There are several highly-rated courses on financial reporting available on Coursera, many of which are free unless you want a certificate of completion. The popular ones are: Financial Accounting Fundamentals (offered by University of Virginia) Introduction to Financial Accounting (offered by University of Pennsylvania) Go through the course content and the expected time commitment for the 4-5 top-rated courses, and choose the one that best meets your requirements. However, do note that most of these courses do not go into a lot of depth, and are beneficial only if you are an absolute beginner. If you want to understand how to read and interpret financial sta