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Automate and Verify Financial Statements

This course is part of multiple programs.

Instructor: LearningMate

Included with

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2 modules

Gain insight into a topic and learn the fundamentals.

Intermediate level

Recommended experience

2 hours to complete

Flexible schedule

Learn at your own pace

2 modules

Gain insight into a topic and learn the fundamentals.

Intermediate level

Recommended experience

2 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Build and validate dynamic, three-statement financial models from raw data, ensuring accuracy through automated reconciliation and verification.

Skills you'll gain

Tools you'll learn

Microsoft Excel

Details to know

Shareable certificate

Add to your LinkedIn profile

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There are 2 modules in this course

"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.

Module details

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.

What's included

2 videos2 readings2 assignments

2 videosTotal 14 minutes

The Unbreakable Link: Connecting P&L to Balance Sheet6 minutes
How-To: Building the Balance Sheet Shell and Schedules8 minutes

2 readingsTotal 14 minutes

Blueprint for Automation: Structuring Data and Statements7 minutes
Step-by-Step Guide: Building the Dynamic P&L with SUMIFS7 minutes

2 assignmentsTotal 25 minutes

Hands-On Learning: Automate the P&L and Balance Sheet Shell20 minutes
Knowledge Check: Automation and Linking5 minutes

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.

What's included

2 videos2 readings3 assignments

2 videosTotal 15 minutes

Explaining Investing and Financing Activities (CFI & CFF)6 minutes
How-To: Building the CFI, CFF, and Final Cash Link9 minutes

2 readingsTotal 15 minutes

The Logic of Reconciliation: Lessons from Nomura and Archegos7 minutes
Step-by-Step Guide: Building the Cash Flow from Operations (CFO)8 minutes

3 assignmentsTotal 55 minutes

Hands-On Learning: Construct and Link the Full Statement of Cash Flows20 minutes
Knowledge Check: Reconciliation and Verification5 minutes
Build and Verify the Complete 3-Statement Model30 minutes