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myCPE

How to Read and Analyze Financial Statements 2.5 Credits

May 29, 2023, 09:00 AM ET

How to Read and Analyze Financial Statements 2.5 Credits

  • Rating

    4.3
  • Published on

    December, 1969
  • Subject Area

    Accounting

Learning mode

Live Webinar
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
May 29, 2023, 09:00 AM ET

Learning Objective

  • To determine what a balance sheet measures and describe the basic balance sheet classifications and accounts.
  • To determine what an income statement measures and describe the basic classifications and line items.
  • To review what the statement of cash flows measures and describe the three basic classifications, especially the operating section prepared under the indirect method.
  • To discuss the statement of shareholders’ equity measures and describe the different accounts that appear on it.
  • To assess Home Depot’s financial condition and performance by reviewing its financial statements.
  • To describe the key areas of business performance and link them to the measures provided by the financial statements.
  • To list, compute and interpret a set of ratios that link to the key areas of business performance.
  • To analyze the differences in the financial condition and performance of Home Depot vs. Lowe’s using a set of financial ratios.
  • To determine how return on equity can be broken down into its determinants and link this model to the measures of the key areas of business performance. 
  • To analyze the differences in the financial condition and performance of Home Depot vs. Lowe’s using the ROE model.

Course Overview

Is financial statement analysis part of your job? 

Is it a component of your corporate or personal investment strategy? 

Don’t you wish you had an easier, faster way of doing it? 

In this scenario, you need to understand and apply financial statement analysis efficiently.

Current and potential employees, lenders, and shareholders read company financial statements with different goals or purposes in mind. They use financial statements in a variety of ways, seeking information specific to their needs. This CPE course provides an overview of basic financial statements and how to interpret the information presented within the statements and footnotes.

This CPE webinar provides thorough coverage of how to read and analyze financial statements as well as how the analysis can be organized to identify and assess a company’s value drivers.  It begins with videos covering the balance sheet, income statement, statement of cash flows, and statement of shareholders’ equity.  It then moves into the real world, focusing on Home Depot, and its key performance measures, leading to a complete ratio analysis.  Home Depot’s performance is then compared to that of Lowe’s Home Improvement in terms of the basic ratios, much, more importantly, using an ROE-based model that highlights the companies’ value drivers.


Major topics covered in this online Accounting CPE webinar:

  • What are financial statements?
  • What are financial ratios?
  • How to read a balance sheet?
  • How to read an income statement?
  • How to read a cash flow statement?


Join us for this CPE webinar and you will learn to effectively read and analyze financial statements.

On Demand Credits for All Qualifications

Nano Credits for All Qualifications

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 2.5 CPE Approved
Accounting for CPA in Canada 2.5 CPD Eligible
Financial Accounting for Certified Internal Auditors (CIA) 2.5 CPE Eligible
Financial Reporting for Certified Management Accountants (CMA) 2.5 CPE Eligible
Financial Reporting for Accredited in Business Valuation (ABV) 2.5 CPD Eligible
Management Accounting for Chartered Global Management Accountants (CGMA) 2.5 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 2.5 PL Eligible
Accounting for Certified Government Financial Manager (CGFM) 2.5 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 2.5 CPE Eligible
Accounting for Internal Audit Practitioner (IAP) 2.5 CPE Eligible
Association of Chartered Certified Accountants (ACCA) 2.5 CPD Eligible
Chartered Accountant - ICAEW 2.5 CPD Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 2.5 CPE Eligible
Financial accounting for Certified Valuation Analyst (CVA) 2.5 CPE Eligible
Financial Reporting for Certified Financial Forensics (CFF) 2.5 CPD Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 2.5 CPE Eligible
Accounting for CIPM 2.5 PL Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 2.5 CE Eligible
Chartered Accountants - Ireland (CAI) 2.5 CPD Eligible
Chartered Accountants - Scotland 2.5 CPD Eligible
CPA - Ireland 2.5 CPD Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 2.5 CPE Approved
Accounting for CPA in Canada 2.5 CPD Eligible
Financial Accounting for Certified Internal Auditors (CIA) 2.5 CPE Eligible
Financial Reporting for Certified Management Accountants (CMA) 2.5 CPE Eligible
Financial Reporting for Accredited in Business Valuation (ABV) 2.5 CPD Eligible
Management Accounting for Chartered Global Management Accountants (CGMA) 2.5 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 2.5 PL Eligible
Accounting for Certified Government Financial Manager (CGFM) 2.5 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 2.5 CPE Eligible
Accounting for Internal Audit Practitioner (IAP) 2.5 CPE Eligible
Association of Chartered Certified Accountants (ACCA) 2.5 CPD Eligible
Chartered Accountant - ICAEW 2.5 CPD Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 2.5 CPE Eligible
Financial accounting for Certified Valuation Analyst (CVA) 2.5 CPE Eligible
Financial Reporting for Certified Financial Forensics (CFF) 2.5 CPD Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 2.5 CPE Eligible
Accounting for CIPM 2.5 PL Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 2.5 CE Eligible
Chartered Accountants - Ireland (CAI) 2.5 CPD Eligible
Chartered Accountants - Scotland 2.5 CPD Eligible
CPA - Ireland 2.5 CPD Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 2.5 CPE Approved
Accounting for CPA in Canada 2.5 CPD Eligible
Financial Accounting for Certified Internal Auditors (CIA) 2.5 CPE Eligible
Financial Reporting for Certified Management Accountants (CMA) 2.5 CPE Eligible
Financial Reporting for Accredited in Business Valuation (ABV) 2.5 CPD Eligible
Management Accounting for Chartered Global Management Accountants (CGMA) 2.5 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 2.5 PL Eligible
Accounting for Certified Government Financial Manager (CGFM) 2.5 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 2.5 CPE Eligible
Accounting for Internal Audit Practitioner (IAP) 2.5 CPE Eligible
Association of Chartered Certified Accountants (ACCA) 2.5 CPD Eligible
Chartered Accountant - ICAEW 2.5 CPD Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 2.5 CPE Eligible
Financial accounting for Certified Valuation Analyst (CVA) 2.5 CPE Eligible
Financial Reporting for Certified Financial Forensics (CFF) 2.5 CPD Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 2.5 CPE Eligible
Accounting for CIPM 2.5 PL Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 2.5 CE Eligible
Chartered Accountants - Ireland (CAI) 2.5 CPD Eligible
Chartered Accountants - Scotland 2.5 CPD Eligible
CPA - Ireland 2.5 CPD Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 2.5 CPE Approved
Accounting for CPA in Canada 2.5 CPD Eligible
Financial Accounting for Certified Internal Auditors (CIA) 2.5 CPE Eligible
Financial Reporting for Certified Management Accountants (CMA) 2.5 CPE Eligible
Financial Reporting for Accredited in Business Valuation (ABV) 2.5 CPD Eligible
Management Accounting for Chartered Global Management Accountants (CGMA) 2.5 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 2.5 PL Eligible
Accounting for Certified Government Financial Manager (CGFM) 2.5 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 2.5 CPE Eligible
Accounting for Internal Audit Practitioner (IAP) 2.5 CPE Eligible
Association of Chartered Certified Accountants (ACCA) 2.5 CPD Eligible
Chartered Accountant - ICAEW 2.5 CPD Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 2.5 CPE Eligible
Financial accounting for Certified Valuation Analyst (CVA) 2.5 CPE Eligible
Financial Reporting for Certified Financial Forensics (CFF) 2.5 CPD Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 2.5 CPE Eligible
Accounting for CIPM 2.5 PL Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 2.5 CE Eligible
Chartered Accountants - Ireland (CAI) 2.5 CPD Eligible
Chartered Accountants - Scotland 2.5 CPD Eligible
CPA - Ireland 2.5 CPD Eligible

Additional Information

Credits

2.5

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Lambers, Inc.
Lambers, Inc.

, Lambers, Inc.

  • 4.5
  • rating
  • rating
  • rating
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  • rating

Lambers Financial is a leader in providing E-learning courses for accounting professionals looking to achieve the industry's most recognized designations such as the Certified Public Accountant (CPA) and Enrolled Agent (EA). Accounting and finance professionals around the world incorporate Lambers products into their training programs.

Lambers CPA Review was started by Vincent W. Lambers in July of 1966 in Boston, MA. The first class had six students and from that point, the program grew to be the largest live instruction CPA Review program in New England. The Lambers teaching method of illustrations, examples and working problems has helped over 250,000 candidates pass the CPA Exam since that first class in 1966.

Today, Lambers review courses deliver that same successful teaching style to exam candidates via online video, unique adaptive testing software, and textbooks. Over the last two decades, we've expanded our offerings to include the Enrolled Agent (EA), an extensive library of both IRS approved continuing education (CE) courses (including the IRS Federal Tax Refresher (AFTR) course for registered tax professionals), and NASBA approved continuing professional education (CPE).

See why Lambers Financial has remained a leader in professional education for over fifty years! Visit our website today to check out our full line of review courses and titles.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course 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.

How are credits reported to governing bodies?

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.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

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.

How can I access my webinar completion certificates?

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.

How are credits reported to governing bodies?

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.

Reviews and Ratings

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Michael Cook, CPA (US)
5

This was the BEST CPE webinar I've attended in many years. Content, instructor, illustrations, pace, ease of understanding, and relevance were all outstanding. Excellent value and most useful and relevant information. Thank you kindly.

FS

Fabian Smith, EA
5

The presenter provided the necessary information in a logical way. It was obvious that he had a lot of knowledge of the subject matter and was good at making it understandable.

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    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 - fastest in the industry.

  • Credit Tracker
    Credit Tracker

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    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

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