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CLASS 101: Deciphering Financial Statements.
Pesa Nane
#1 Posted : Tuesday, December 04, 2012 10:44:42 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
@Marty is doing a commendable job enlightening readers on The Power of Financial Education thread.
Can the Wazua Financial Gurus give tips on interpreting the financial statements? Understanding Co. values? Screening out 'cooking' and exaggerated 'future outlooks' etc
FACT: Most people just read the PAT and Dividend part.
Pesa Nane plans to be shilingi when he grows up.
Mukiri
#2 Posted : Wednesday, December 05, 2012 2:20:29 AM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Pesa Nane wrote:
@Marty is doing a commendable job enlightening readers on The Power of Financial Education thread.
Can the Wazua Financial Gurus give tips on interpreting the financial statements? Understanding Co. values? Screening out 'cooking' and exaggerated 'future outlooks' etc
FACT: Most people just read the PAT and Dividend part.


'Can the ..... 'Shame on you Unless your mother is here, I'd advice you to use 'Please .....' A little politeness goes a long way.

Yours though is a noble idea. I sometimes get confused on terminologies used, how to decipher and how to apply them.

Proverbs 19:21
rock
#3 Posted : Wednesday, December 05, 2012 5:38:01 AM
Rank: Veteran

Joined: 2/25/2009
Posts: 973
Mukiri wrote:
Pesa Nane wrote:
@Marty is doing a commendable job enlightening readers on The Power of Financial Education thread.
Can the Wazua Financial Gurus give tips on interpreting the financial statements? Understanding Co. values? Screening out 'cooking' and exaggerated 'future outlooks' etc
FACT: Most people just read the PAT and Dividend part.


'Can the ..... 'Shame on you Unless your mother is here, I'd advice you to use 'Please .....' A little politeness goes a long way.

Yours though is a noble idea. I sometimes get confused on terminologies used, how to decipher and how to apply them.

murchr
#4 Posted : Wednesday, December 05, 2012 6:01:17 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Mukiri wrote:
Pesa Nane wrote:
@Marty is doing a commendable job enlightening readers on The Power of Financial Education thread.
Can the Wazua Financial Gurus give tips on interpreting the financial statements? Understanding Co. values? Screening out 'cooking' and exaggerated 'future outlooks' etc
FACT: Most people just read the PAT and Dividend part.


'Can the ..... 'Shame on you Unless your mother is here, I'd advice you to use 'Please .....' A little politeness goes a long way.

Yours though is a noble idea. I sometimes get confused on terminologies used, how to decipher and how to apply them.


Are you saying that we should disrespect our mothers?

Invest in good books on money mgt and stocks then ask specific questions
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
holycow
#5 Posted : Wednesday, December 05, 2012 6:12:59 AM
Rank: Veteran

Joined: 11/11/2006
Posts: 972
Location: Home
Pesa Nane
#6 Posted : Wednesday, December 05, 2012 9:09:46 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Mukiri wrote:

'Can the ..... 'Shame on you Unless your mother is here, I'd advice you to use 'Please .....' A little politeness goes a long way.

@Mukiri, Please, Please, Please smile However, the context is very polite: 1. Class 101 signifies humble admission to being a Wanjiku. 2.The intro is a tribute to @Marty (and all Wazuans). 3. 'Can' here is used as a request as opposed to a command. Remember 'can' allows for a YES or NO answer. 4. Are you aware of the wazua spirit? 5. You state that a little politeness goes a long way then adds 'unless your mother...Sad Wonder how polite that is. 6. In your own words, "By wisdom a house is built, and through understanding it is established, through knowledge its rooms are filled..." Wazua is the house!. But then again, Please, Please
Pesa Nane plans to be shilingi when he grows up.
Mukiri
#7 Posted : Wednesday, December 05, 2012 9:21:03 AM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Pesa Nane wrote:
Mukiri wrote:

'Can the ..... 'Shame on you Unless your mother is here, I'd advice you to use 'Please .....' A little politeness goes a long way.

@Mukiri, Please, Please, Please smile However, the context is very polite: 1. Class 101 signifies humble admission to being a Wanjiku. 2.The intro is a tribute to @Marty (and all Wazuans). 3. 'Can' here is used as a request as opposed to a command. Remember 'can' allows for a YES or NO answer. 4. Are you aware of the wazua spirit? 5. You state that a little politeness goes a long way then adds 'unless your mother...Sad Wonder how polite that is. 6. In your own words, "By wisdom a house is built, and through understanding it is established, through knowledge its rooms are filled..." Wazua is the house!. But then again, Please, Please


hehehe.. Sawa sawa boss, makosa imefanyika. Language much strong but you've gotten the message.

Proverbs 19:21
maka
#8 Posted : Wednesday, December 05, 2012 6:19:25 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Pesa Nane wrote:
@Marty is doing a commendable job enlightening readers on The Power of Financial Education thread.
Can the Wazua Financial Gurus give tips on interpreting the financial statements? Understanding Co. values? Screening out 'cooking' and exaggerated 'future outlooks' etc
FACT: Most people just read the PAT and Dividend part.

...you must start from the basics what the different kinds of ststements are;what is found in them,how the figures there are derived...the CFA level 1 Schwarzer workbook on Financial Reporting and Analysis is really good and it starts from the basics...ukipata shida post swali hapa kuna wale wanoma...smile
possunt quia posse videntur
maka
#9 Posted : Thursday, April 11, 2013 10:05:54 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Just thinking @Pesanane wasnt fairly treated here...we have people who have immense knowledge in FSA that many people can benefit from I personally hate units that have anything accounting in them...but i must also admit that FSA is very interesting...so how about we start from scratch,the basics so that for all those who do not know how to read and interpret financial statements they may get something out of it...posts about NAV,EPS,PBT etc hupita watu wengine who might want to know what they mean...
possunt quia posse videntur
Nabwire
#10 Posted : Thursday, April 11, 2013 10:48:30 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Just take a basics class in Financial Accounting, some things are really hard to teach, moreso online.
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