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How to Read and Analyze Financial Statements

  • Accountant
  • CPA/ABV
  • CPA (CA)
  • CPA/CFF
  • CFP (US)
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CA - ICAEW
  • CFA
  • IAP
  • QIAL
  • ACCA
  • CIPM
  • CBA/MCBA
  • FPAC
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: April, 2022

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  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Harbour Island company: Manufactures and services parts used in golf carts
    1 mins
  • Statement of cash flows
    33 mins
  • 4 Critical success indicators
    68 mins
  • Selected financial statement information
    92 mins
  • ROE analysis model
    120 mins

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 efficiently apply financial statement analysis.

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 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, 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.

Following are the major questions answered 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 discuss balance sheet measures, basic balance sheet classifications, and accounts.
  • To analyze income statement measures and reviews the basic classifications and line items.
  • To review the statement of cash flows measures and analyze 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 appears on it.
  • To assess Home Depot’s financial condition and performance by reviewing its financial statements.
  • To assess 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 discuss 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 CPA (US), CMA, CIA, QIAL, IAP, CFE, CVA, ABV, CBA/MCBA, CGFM,  FPAC, CFA, CIPM, CFF, Accountants, Staff of Accounting Firms, and other Accounting Professionals desiring to effectively learn read and analyze financial statements.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Management Accountant (CMA)
  • Chartered Professional Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 3.5 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 3.5 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
  • 3.5 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
  • 3.5 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
  • 3.5 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
  • 3.5 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 3.5 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
  • 3.5 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 3.5 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
  • 3.5 PL Credit of Accounting for Chartered Financial Analyst (CFA)
  • 3.5 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
  • 3.5 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
  • 3.5 PL Credit of Accounting for Certificate In Investment Performance Measurement (CIPM)
  • 3.5 CPE Credit of Financial accounting for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 3.5 CRE Credit of Financial accounting concepts for Certified Corporate FP&A Professional (FPAC)
  • 3.5 CPD Credit for CA - ICAEW
  • 3.5 CPD Credit for Chartered Certified Accountants (ACCA)
  • 3.5 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 3.5 CPD Credit for Chartered Accountants - Scotland
  • 3.5 CPD Credit for CPA - Ireland
  • 3.5 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 3.5 CE Credit for Certified Wealth Strategist (CWS)
  • 3.5 CE Credit for Certified Financial Planner (US) (Approval No. 298851)
  • 3.5 CPD Credit of Accounting for Chartered Professional Accountant (CPA Canada)

Additional details

  • Course Level :
    Basic
  • Credits :
    3.5
  • Instructional Method :
    QAS Self Study
  • 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 through its website: www.NASBARegistry.org.

Presenter

About Presenter

Lambers, Inc.

, Lambers, Inc.

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.

Faq

FAQs content

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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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Ratings and Review

4.3

57 Ratings

Excellent

24

Very Good

26

Average

7

Poor

0

Terrible

0

GC

Gina Cabral, CPA (US)

Jul 17th, 2022

Good coverage of ratios along with actual case study makes it practical and relatable.

HS

Henry Staaterman, CPA (US)

May 7th, 2022

no

SZ

Shannon Zander, CPA (US)

Apr 29th, 2022

This is a great class for someone that wants to review ratio analysis, either as a CFO or auditor.

MT

Michael Toscano, CPA (US)

May 29th, 2022

NA

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