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CLASS 101: Deciphering Financial Statements.
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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@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.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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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 ..... '  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.
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Rank: Veteran Joined: 2/25/2009 Posts: 973
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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 ..... ' 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.
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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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 ..... ' 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
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Rank: Veteran Joined: 11/11/2006 Posts: 970 Location: Home
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Mukiri wrote:'Can the ..... ' Unless your mother is here, I'd advice you to use 'Please .....' A little politeness goes a long way. @Mukiri, Please, Please, Please  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...  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.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Pesa Nane wrote:Mukiri wrote:'Can the ..... ' Unless your mother is here, I'd advice you to use 'Please .....' A little politeness goes a long way. @Mukiri, Please, Please, Please 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... 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.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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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... possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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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
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Just take a basics class in Financial Accounting, some things are really hard to teach, moreso online.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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maka wrote: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... @MAKA for chief! Pesa Nane plans to be shilingi when he grows up.
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Rank: New-farer Joined: 1/28/2013 Posts: 61 Location: Nairobi s
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pesa nane hebu ni show site ile inawe show soko vile ina trade in details Pls za Never be afraid to try something new.Remeber,amateurs built the ark Professionals built titanic.-Anonymous
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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simmons wrote:pesa nane hebu ni show site ile inawe show soko vile ina trade in details Pls za Pesa Nane wrote:simmons wrote:simmons wrote:Which site can i get full details of realtime tradings. the amount of supply and demands,plus the pricing.ill appreciate any idea Guru,hisah,pesa naneAguytrying, have any idea? Register on rich.co.ke It has everything you ask. Rink Pesa Nane plans to be shilingi when he grows up.
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Rank: New-farer Joined: 1/28/2013 Posts: 61 Location: Nairobi s
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Pesa Nane wrote:simmons wrote:pesa nane hebu ni show site ile inawe show soko vile ina trade in details Pls za Pesa Nane wrote:simmons wrote:simmons wrote:Which site can i get full details of realtime tradings. the amount of supply and demands,plus the pricing.ill appreciate any idea Guru,hisah,pesa naneAguytrying, have any idea? Register on rich.co.ke It has everything you ask. Rink Thanx bro i appreciate Never be afraid to try something new.Remeber,amateurs built the ark Professionals built titanic.-Anonymous
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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@simmons, is it working for you? So what are you 'toothcombing' over there? Pesa Nane plans to be shilingi when he grows up.
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Rank: New-farer Joined: 1/28/2013 Posts: 61 Location: Nairobi s
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Pesa Nane wrote:@simmons, is it working for you? So what are you 'toothcombing' over there? I think it will work for me.havent registered yet,just click to the link you sent me.Msc bought kidogo shares @4.50 Never be afraid to try something new.Remeber,amateurs built the ark Professionals built titanic.-Anonymous
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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simmons wrote:Pesa Nane wrote:@simmons, is it working for you? So what are you 'toothcombing' over there? I think it will work for me.havent registered yet,just click to the link you sent me.Msc bought kidogo shares @4.50 Its part of my speculative play.  ADVICE: Get yourself some fire-proof gloves just in case it tries to burn our fingers.  Pesa Nane plans to be shilingi when he grows up.
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Rank: New-farer Joined: 1/28/2013 Posts: 61 Location: Nairobi s
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Pesa Nane wrote:simmons wrote:Pesa Nane wrote:@simmons, is it working for you? So what are you 'toothcombing' over there? I think it will work for me.havent registered yet,just click to the link you sent me.Msc bought kidogo shares @4.50 Its part of my speculative play. ADVICE: Get yourself some fire-proof gloves just in case it tries to burn our fingers. part of my speculative tool.do you see it hitting 6 soon? Never be afraid to try something new.Remeber,amateurs built the ark Professionals built titanic.-Anonymous
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Nabwire wrote:Just take a basics class in Financial Accounting, some things are really hard to teach, moreso online. not really the problem is you have to take all the other units...what we can do is start with the basics of accounting put them in this one thread then even in future a newbie can just read through get from baby steps to a full grown adult who can decipher the various ratios,make industry comparison,know how to relate the economy's performance and the stock market etc...It can be done... possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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maka wrote:Nabwire wrote:Just take a basics class in Financial Accounting, some things are really hard to teach, moreso online. not really the problem is you have to take all the other units...what we can do is start with the basics of accounting put them in this one thread then even in future a newbie can just read through get from baby steps to a full grown adult who can decipher the various ratios,make industry comparison,know how to relate the economy's performance and the stock market etc...It can be done... Later today we will start our class...we can do this. possunt quia posse videntur
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