Essentials of Creating and Analyzing Financial Statements FLEXCAST
Available Until
Your Desk
5.0 Credits
Member Price $49.00
Non-Member Price $56.00
Overview
The task of creating financial statements stands as a cornerstone in the realm of accounting, critical for effective decision-making and financial transparency. Yet, the process, from closing the books to calculating financial ratios, is often fraught with complexities and nuances that can challenge even seasoned professionals. This course addresses these challenges head-on. This course guides you through the entire journey of financial statement preparation, ensuring accuracy and timeliness - key factors in management decision-making. Steven shares best practices gleaned from his extensive experience, offering a resource you’ll find indispensable in this vital process. By completing this course, you’ll gain not only the technical skills to produce robust financial statements but also the analytical acumen to interpret and apply the data effectively.
Highlights
Closing books. Financial statements. Public company financial reporting. Business ratios. Rationales.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Identify terminology, core steps, and key parts of the process of closing the books and generating financial statements. Identify the different formats in which the financial statements can be constructed and presented. Recognize the purpose, information needed, and source documents to reference for the different types of financial statements. Recognize the formula requirements of a balanced balance sheet and how to classify asset information. Recognize the reporting requirements and issues associated with interim period information. Recognize the components, tests, and key reporting requirements for segment reporting. Recognize the closing process and reporting requirements for public company reports. Identify what to measure, how to measure consistently, and the timing of measurements. Recognize the characteristics of different business ratios and the calculation methods employed for those ratios.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
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 $56.00
Member Price $49.00