Understanding Financial Statements Agenda Seminar: ID# 1282060
Agenda First Things First — Basic Accounting Principles for Non-Financial Professionals
How to use general accounting terminology (GAAP) like a pro Become familiar with the underlying assumptions accountants use when preparing financial statements: historical cost, revenue recognition, matching principles, product costs, period costs, full disclosure, conservatism, materiality, and accrual accounting What the FASB, SEC, and AICPA are and how they govern accounting methods Two primary groups who are users of financial information — who they are, what they need to know The difference between managerial accounting and financial accounting The Balance Sheet
Discover what a balance sheet is, and what sets it apart from other financial statements Decipher how accounts are classified within the balance sheet "Current," "fixed," and "other" assets — what they are, how to assess their value to the company Use comparative analysis to analyze an organization's financial picture over a specified period of time The Income Statement
Identify the components of a classified income statement Understand why tax expense on the income statement is not always the same as taxes paid during the year Distinguish gains and losses categorized as "extraordinary" and how they are reflected on the income statement Cost of Goods Sold — learn what this means to an analysis of expenses Learn how to determine gross profit, compare to net profit, and draw conclusions about a company's operating environment Understanding and Analyzing Financial Statements
What financial statements can't tell you — review the limitations of financial analysis Using horizontal analysis to determine increases or decreases in income, profits, and expenses Using vertical analysis to compare individual income and expense amounts with net sales An introduction to ratio analysis Using ratios to determine profitability: proven formulas for net profit margin, net operating margin, return on assets, return on equity, earnings per share, and more!
Order:
Understanding Financial Statements
Pricing:$299.00
Metropolitan Area:Central Time Zone
Venue:Live Online Seminar 9am-4pm CDT; 10am-5pm EDT Central Time Zone 770-410-1219
Date: 10/21/2024 (9:00 - 16:00 local time)
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