Plz google on this topic and u will find many links that explain how to interpret Balance sheet. Not sure if there is any thread in "Fundamental Analysis" section of this forum on this topic.
As a short term trader, my view is that.. this is sheer waste of time cause even if u know perfectly how to read balance sheet, you can't take any trading decision based on that. (Ex. - How many Charted accountants are really successful trader ?).
For short term trading decision making, technical analysis, chart reading is lot more useful then this..(I also started with Fundamental but now I am 80% technical trader).
Plz chk out "teach a man to fish.. " Thread by Saint and the pdf file of this. He has beautifully explained the concept of price action in market.. Practice that on as many charts as possible.. and take next step in your trading /trading education.
If you are planning to do MBA or become research analyst then it is fine to dig deeper into balance sheet topic.
Happy Trading