How to Read and Analyze Financial Statements

Course Description

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 in an efficient manner.

Current and potential employees, lenders, and shareholders read company financial statements with a different goal or purpose in mind. They use financial statements in a variety of ways, seeking information specific to their needs. This CPE course provides an overview of the 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 the statement of shareholders’ equity.  It then moves into the real world, focusing on Home Depot, and its key performance measures, leading to complete ratio analysis.  Home Depot’s performance is then compared to that of Lowe’s Home Improvement in terms of the basic ratios, more 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.

Learning Objectives

• 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.

Recommended For

• This accounting CPE course for CPAs is recommended for CMAs, CVAs, CIAs, Accountants, Staff of Accounting Firms, and Accounting Freshers desiring to learn to read and analyze financial statements.
  
• This basic-level course is most beneficial to professionals new to this topic who may be at the staff or entry-level in the organization but also for a seasoned professional with limited exposure to this topic.
• CPAs in private practice, CFO/controllers, financial managers, auditors, financial analysts, and practitioners who provide accounting, tax, or consulting services to businesses.
• This course is perfect for business owners and managers with P&L responsibility in reading financial statements and using them to make sound financial decisions.

Who Should Attend?

Webinar Qualifies For

• 2.5 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
• 2.5 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
• 2.5 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
• 2.5 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
• 2.5 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
• 2.5 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
• 2.5 CPE Credit of Financial accounting for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
• 2.5 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
• 2.5 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
• 2.5 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
• 2.5 PL Credit of Accounting for Certificate In Investment Performance Measurement (CIPM)
• 2.5 CRE Credit of Financial accounting concepts for Certified Corporate FP&A Professional (FPAC)
• 2.5 PL Credit of Financial Statement Analysis for Chartered Financial Analyst (CFA)
• 2.5 CPE Credit of Financial planning or analysis for Certified Government Financial Manager (CGFM)
• 2.5 CPD Credit of Accounting for Chartered Professional Accountant (CPA Canada)
• 2.5 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
• 2.5 CE Credit for Certified Wealth Strategist (CWS)
• 2.5 General Credit of Accounting for Accountant/Bookeeper
• 2.5 CPD Credit for CA - ICAEW
• 2.5 CPD Credit for Chartered Certified Accountants (ACCA)
• 2.5 CPD Credit for Chartered Accountants - Ireland (CAI)
• 2.5 CPD Credit for Chartered Accountants - Scotland
• 2.5 CPD Credit for CPA - Ireland

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