Financial Statements Don't Have to Be a Mystery
Most business owners in Thailand have stacks of reports but no clear picture of what's actually happening with their money. We teach you how to read between the lines and spot the stories your numbers are telling.
View September 2025 Program
What You'll Actually Learn
Our approach focuses on practical skills you can use the day after class ends. No theoretical fluff.
Cash Flow Reality
Understanding where money really goes matters more than profit margins on paper. We break down operating, investing, and financing activities so you can see the full picture of your business liquidity.
Ratio Analysis That Works
Financial ratios only help when you know what to compare them against. You'll learn which benchmarks actually matter for businesses in your sector and how to track meaningful trends over time.
Reading Between the Lines
Balance sheets can hide problems as easily as they reveal them. We show you the warning signs that accountants don't always flag and the questions you should be asking your financial team.
Classes run twice weekly for eight weeks starting September 2025, with small groups limited to twelve participants.
How We Structure Learning
Each session combines direct instruction with hands-on work using real financial statements from Thai businesses. You'll analyze actual cases, not textbook examples that oversimplify the messy reality of business finance.
- Week-by-week progression through income statements, balance sheets, and cash flow statements
- Group analysis sessions where you'll debate interpretations and defend your conclusions
- Guest speakers from accounting firms and financial institutions who share insider perspectives
- Final project analyzing a complete annual report with peer review feedback
Theron Bjornstad
Lead Financial Instructor
Teaching Approach
I spent fifteen years doing financial audits for mid-sized manufacturing companies before switching to education in 2019. The transition happened because I kept meeting business owners who had expensive financial reports but couldn't actually use them to make decisions.
My teaching style is pretty direct. I don't sugarcoat the fact that financial analysis requires focused effort and repeated practice. But I also strip away the unnecessary jargon that makes this field seem more complicated than it needs to be. Most of my students are people who tried learning from books or online videos and found themselves stuck when applying concepts to their own businesses.
What I enjoy most is watching someone have that moment where the numbers suddenly click into a coherent story. It usually happens around week five or six when we're deep into cash flow analysis. That's when people start seeing patterns they'd been missing for years in their own financial statements.