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The Interpretation of Financial Statements ON DEMAND

Available Until

Your Desk

11.0 Credits

Member Price $308.00

Non-Member Price $354.00

Overview

Financial statements are the backbone of business information, yet their high-level nature often masks critical details, leading to obscured insights. This course addresses this challenge head-on, providing you with the tools to dissect these documents for a clearer understanding. This course is specifically designed for tax, accounting, and finance professionals, covering in-depth analysis of the balance sheet, income statement, and cash flows. You’ll learn how to interpret various line items in financial statements, apply analysis tools effectively, and uncover operational and financial issues impacting these statements. By understanding the nuances behind the numbers, such as different cash levels and designations, depreciation methods, inventory turnover, and more, you’ll be able to provide more insightful advice and make better financial decisions.

Highlights

Overview of financial statements. Analysis topics. additional public company information. Interpretation of cash and investments, receivables, inventory, fixed assets, other assets, and more

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. Cite the calculations used for the different depreciation methods. Identify the effects on profitability of the various depreciation rules.

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).

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Non-Member Price $354.00

Member Price $308.00