Financial Statement Analysis -- Basis for Management Advice (171049A)
REGISTRATION STATUS:
OPEN
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Description:
More and more, your clients will be turning to you for advice on financial performance. Are you ready? This course presents the financial statements as a set of dynamic instruments that can be used for accurate, relevant and timely financial decisions. Focus on the economic and financial conditions that caused the statements to change and discover how clients can manage liquidity, debt and profitability. Plus, explore effect ratios, causal ratios, pro forma analysis, sustainable growth and much more.
Objectives:
Upon completion of this course, participants will be able to: Examine the causes of and determine solutions for common financial problems such as reduced liquidity, increased leverage, and low profitability Understand how analytic tools help management make decisions Devise ways to correct liquidity problems Use bankruptcy prediction models
Major Topics:
Effect ratios ~ liquidity measures ~ leverage measures ~ profitability measures Casual ratios ~ fixed asset utilization ~ collection period ~ inventory turnover ~ trading ratio ~ the profit margin ~ miscellaneous assets to net worth Earnings quality ~ factors that affect the quality of earnings Sustainable growth ~ a procedure to manage growth Firm valuation ~ valuation techniques ~ constant growth dividend capitalization model ~ dividend computation How to conduct a financial statement analysis ~ industry and time series analysis ~ sources of and problems with industry averages ~ guidelines to use in applying ratio analysis DuPont analysis of profitability Users of financial statements ~ creditors versus owners Predicting bankruptcy ~ Altman's bankruptcy prediction model
Who Should Attend:
Industry accountants responsible for financial statement analysis and practitioners who assist clients with business planning and advice
Prerequisite:
None