If you're a business professinal who could benefit from a more thorough grasp of financial statements, this course is tailor-made for you!
You'll quickly master financial statement fundamentals
and develop a comprehensive understanding of how they work, learn
how to interpret them accurately, and discover how to use their information
to make more effective, better-informed business decisions that
have a positive impact on your organization's bottom line.
Here's just a sample of what you'll learn:
- How to decipher general accounting
terminology and gain a clear understanding of the language
of finance and accounting
- Gain insights to vastly improve your
working knowledge and
interpretive ability for balance sheets, income statements, and cash flow statements
- How to use your enhanced knowledge of
financial statements to develop better budgeting,
projection, and forecasting skills
- Interpreting annual reports: how to
translate their deluge of information
into knowledge that can help you make informed decisions
- How to better communicate with
accountants, bankers,
comptrollers, and other finance professionals
- Using financial ratios to analyze
trends, conduct industry comparisons, and predict financial
problems before
they become insurmountable
In this powerful one-day seminar, you'll take a guided tour through the complexities of the financial statement. In clear, easy-to-understand language, we'll explain how to read financial statements, interpret their data, and put that information to positive use.
This course is designed to give business
owners, managers, and other non-financial professionals an arsenal of
tools for understanding, analyzing, and interpreting financial
statements. As a result of this course, you'll have a better
understanding of not only financial statements, but of how their
information fits into the "big picture" at your organization. You'll
be able to use the information gleaned from financial statements to plan
ahead for your organization, ensure that cash flow is regulated, and make
timely, educated decisions regarding new product lines, equipment
purchases, business expansion, increasing personnel, borrowing capital,
and much more.
Read Seminar Agenda
How to Read and Understand Financial Statements — Seminar Overview
First Things First — Basic Accounting Principles for Non-Financial Professionals
- How to use general accounting terminology (GAAP) like a pro
- Become familiar with the underlying assumptions accountants use when preparing financial statements: historical cost, revenue recognition, matching principles, product costs, period costs, full disclosure, conservatism, materiality, and accrual accounting
- What the FASB, SEC, and AICPA are and how they govern accounting methods
- Two primary groups who are users of financial information — who they are, what they need to know
- The difference between managerial accounting and financial accounting
The Balance Sheet
- Discover what a balance sheet is, and what sets it apart from othe financial statements
- Decipher how accounts are classified within the balance sheet
- "Current," "fixed," and "other" assets — what they are, how to assess their value to the company
- Use comparative analysis to analyze an organiztion's financial picture over a specified period of time
Back to Seminar Overview
The Income Statement
- Identify the components of a classified income statement
- Understand why tax expense on the income statement is not always the same as taxes paid during the year
- Distinguish gains and losses categorized as "extraordinary" and how they are reflected on the income statement
- Cost of Goods Sold — learn what this means to an analysis of expenses
- Leatn how to determine gross profit, compare to net profit, and draw conclusions about a company's operating environment
Understanding and Analyzing Financial Statements
- What financial statements can't tell you — review the limitations of financial analysis
- Using horizontal analysis to determine increases or decreases in income, profits, and expenses
- Using vertical analysis to compare individual income and expens amounts with net sales
- An introduction to ratio analysis
- Using ratios to determine profitability: proven formulas for net profit margin, net operating margin, return on assets, return on equity, earnings per share, and more
Back to Seminar Overview
To find out more about How to Read and Understand Financial Statements, contact our customer service department at customerservice@pryor.com
or by phone at (800) 780-8476.
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DVD
4 Books