Automate and Verify Financial Statements

Seize the savings! Get 40% off 3 months of Coursera Plus and full access to thousands of courses.

Automate and Verify Financial Statements

This course is part of Financial Data Analysis with Excel Specialization

Instructor: LearningMate

Included with

Learn more

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

See how employees at top companies are mastering in-demand skills

Learn more about Coursera for Business

logos of Petrobras, TATA, Danone, Capgemini, P&G and L'Oreal

Build your subject-matter expertise

This course is part of the Financial Data Analysis with Excel Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

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.

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 videos Total 14 minutes

The Unbreakable Link: Connecting P&L to Balance Sheet 6 minutes
How-To: Building the Balance Sheet Shell and Schedules 8 minutes

2 readings Total 14 minutes

Blueprint for Automation: Structuring Data and Statements 7 minutes
Step-by-Step Guide: Building the Dynamic P&L with SUMIFS 7 minutes

2 assignments Total 25 minutes

Hands-On Learning: Automate the P&L and Balance Sheet Shell 20 minutes
Knowledge Check: Automation and Linking 5 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 videos Total 15 minutes

Explaining Investing and Financing Activities (CFI & CFF) 6 minutes
How-To: Building the CFI, CFF, and Final Cash Link 9 minutes

2 readings Total 15 minutes

The Logic of Reconciliation: Lessons from Nomura and Archegos 7 minutes
Step-by-Step Guide: Building the Cash Flow from Operations (CFO) 8 minutes

3 assignments Total 55 minutes

Hands-On Learning: Construct and Link the Full Statement of Cash Flows 20 minutes
Knowledge Check: Reconciliation and Verification 5 minutes
Build and Verify the Complete 3-Statement Model 30 minutes

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.

Instructor

LearningMate

210 Courses 11,134 learners

Offered by

Coursera

Explore more from Finance

Status: Free Trial
Coursera
Automate, Analyze, and Evaluate Accounting with AI
Course
Status: Free Trial
Coursera
Audit & Evaluate Excel Models
Course
Status: Free Trial
Coursera
GenAI for Automated Financial Reporting
Course
Status: Free Trial
Coursera
Accounting Operations & Automation
Specialization

Why people choose Coursera for their career

Felipe M.

Learner since 2018

"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."

Jennifer J.

Learner since 2020

"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."

Larry W.

Learner since 2021

"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."

Chaitanya A.

"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."

Open new doors with Coursera Plus

Unlimited access to 10,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription

Learn more

Advance your career with an online degree

Earn a degree from world-class universities - 100% online

Explore degrees

Join over 3,400 global companies that choose Coursera for Business

Upskill your employees to excel in the digital economy

Learn more

Frequently asked questions

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.