The Interpretation of Financial Statements ON DEMAND
Available Until
Your Desk
11.0 Credits
Member Price $308.00
Non-Member Price $354.00
Overview
When someone asks for information about a business, they are likely to receive its financial statements. These statements quantify the results, financial position, and cash flows of a business. However, these documents only provide information at quite a high level, and so may obscure more than they reveal. The Interpretation of Financial Statements is designed to cut through this obscurity, describing a number of tools for dissecting financial statements, as well as a wealth of additional insights into the reasons for the presence of or changes in certain numbers. The bulk of the course covers three topics, which are the interpretation of the balance sheet, income statement, and cash flows. There is also a detailed explanation of the contents and interpretation of additional public company information. You’ll gain valuable insight about the accounts that make up the various line items in a financial statement, the use of applicable analysis tools, specific operational and financial issues that may be causing certain results to appear in the financial statements, and much more.
Highlights
Overview of Financial Statements. Interpretation of Cash and Investments. Interpretation of Receivables. Interpretation of Inventory. Interpretation of Fixed Assets. Interpretation of Other Assets. Interpretation of Current Liabilities. Interpretation of Debt. Interpretation of Equity. Interpretation of Sales. Interpretation of the Cost of Sales and Gross Margin. Interpretation of Operating Expenses. Interpretation of Other Income, Taxes, and Profits. Interpretation of Cash Flows. Analysis Topics. Additional Public Company Information.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Identify how the accrual basis of accounting concept functions. Identify how the accounting equation concept works. Cite the business situations indicated by different cash levels and cash designations. Cite the uses of the contribution margin and days sales outstanding measurements, as well as the situations in which they can be misleading. Cite the industry situations in which an investment in inventory is considered to be critical. Identify the reasons for different inventory turnover levels.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $354.00
Member Price $308.00