Description

This comprehensive session is a must-attend event for accountants who prepare financial statements and want to explore best practices for discerning the stories told by financial statements. We discuss salient requirements for presenting financial information while considering the critical role of disclosure for lending relevance to financial statements. We also explore techniques that will allow participants to perform meaningful financial statement analysis and effectively communicate conclusions to decision-makers and other stakeholders.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Instructor: Dr. Christopher J. Harper, CPA, MBA

Target Audience

CPAs in public practice or members in industry.

Course Objectives

After attending this presentation, you will be able to...Utilize resources for financial statement preparation.Identify efficient methods for preparing financial statements and related disclosures.Recognize techniques for financial statement analysis.Identify tools that facilitate analysis and apply tools and techniques to actual financial statements.

Subjects

The major topics that will be covered in this course include:U.S. GAAP and Special purpose frameworksForm and content of financial statements: Balance sheets; Income statements; Statements of cash flows; Retained earnings and/or owners’ equity statements; Comprehensive income; Supplementary informationComparative vs. single-period financial statementsSufficiency of disclosuresIllustrative disclosures frequently encountered in small-to-medium reporting entitiesIndustry-specific nuancesPurposes of financial statement analysis Trend analysis and vertical & horizontal analysisSimple and multivariate regressionAnalysis of metricsAssessment of liquidity, solvency, and profitabilityUsing data visualizationsThe role of qualitative factors

Prerequisites

Basic working knowledge of financial statements.