Crafting and Analyzing Common-Size Financial Statements 1 Credit
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Nov 29, 2024 | 10:00 AM
ET
Have you ever wondered how businesses of different sizes and industries can be compared on a level playing field? The answer lies in common-size financial statements, a powerful tool for financial analysis
Common-size financial statements, normalized to present each line item as a percentage of some base number, serve as a potent tool to evaluate and compare companies of differing scales and within varied industries. This course encompasses a thorough exploration of the methodologies for crafting these statements, coupled with the analytical techniques to draw insightful conclusions from them.
In this CPE Finance Course, attendees will immerse themselves in detailed learning modules that cover the development and utility of common-size Income Statements, Balance Sheets, and Cash Flow Statements. The course will embroil theoretical knowledge, hands-on practical exercises, and case studies, ensuring that participants not only grasp the concepts but also effectively apply them in real-world analytical and decision-making scenarios. A journey through various sectors and company sizes will further solidify understanding, enabling participants to leverage common-size financial statements as a robust analytical tool in their professional endeavors.
Major Topics Covered:
Join this Course it will empower you to use common-size financial statements as a robust analytical tool, ultimately enhancing your financial acumen and strategic choices.
Credits
Course Level
Instructional Method
Pre-requisites
Advance Preparation
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Gregory Holzel is an accomplished accountant and Certified Public Accountant (CPA) with expertise in financial analysis, auditing, and budgeting.
Education: Gregory holds an MBA with a concentration in Finance, graduating magna cum laude from Shippensburg University in May 2023. During his studies, he achieved a remarkable GPA of 3.82. Prior to his MBA, he completed a Bachelor's degree in Accounting at Central Penn College in Summerdale, PA, graduating magna cum laude in 2021. Gregory also served as a tutor during his undergraduate studies.
Experience: Gregory has gained valuable experience in the accounting field through various roles. As a Senior Auditor at S.R. Snodgrass, P.C. in King of Prussia, PA from 2021 to 2023, he audited financial statements and provided assurance services for financial institutions and employee benefit plans. His responsibilities included preparing audit work papers, documenting audit tests and findings, and preparing reports for management review. In June 2023, Gregory launched GT Financials PLLC, a company that offers accounting and financial services to small businesses.
Before transitioning into the role of a Senior Auditor, Gregory served as a Senior Staff Accountant at Fleet Repair Solutions in Grantville, PA, from 2018 to 2021. In this position, he conducted detailed financial analysis, prepared financial statements, and played a vital role in budget preparation and month-end closing. Gregory was also responsible for designing, implementing, and maintaining accounting policies, procedures, and controls.
Certification: Gregory Holzel became a Certified Public Accountant (CPA) in 2023, further demonstrating his commitment to professionalism and expertise in the field.
Skills: With a strong background in accounting and finance, Gregory possesses a wide range of skills. His areas of expertise include financial planning and analysis (FP&A), financial reporting, payroll, auditing, budget preparation, variance analysis, and cost accounting. He is proficient in utilizing tools such as QuickBooks desktop and QuickBooks online (QBO), SQL, and Microsoft Office, particularly Excel at an expert level. Additionally, Gregory has experience working with SAP and is familiar with nonprofit accounting, public accounting, and private industry practices.
Gregory Holzel is a dedicated and knowledgeable professional who consistently strives for excellence in the field of accounting. His combination of education, certifications, and practical experience makes him a valuable asset in any accounting or finance role.
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To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
Mr. Holzel always presents a great presentation in areas of financial reporting that is creatively different than the classic compilation, review and audit. I really appreciated his read on the more effective picture based, data focused, presentation of comparability among common sized entities. I would be interested in his opinion of how Generative AI will affect the presentation and utilization in the next 5 years. Will ChatGPT or CoPilot replace the ole Macro & Pivot Table mentality?
EH
Excellent overview in basic financial statement analysis with detail going into each of the common financial statements
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